Petrol forecourt owners bag £60m bonus as pump prices jack up profits October 9, 2023 Senior executives at Motor Fuel Group, the UK's largest independent forecourt operator, have raked in a bumper pay packet this year on the back of record profits.
Ryanair earnings hit after travel agent websites remove carrier January 3, 2024 Ryanair has said that the decision by a number of OTAs to remove its flights from their websites will hit earnings in the short term.
Regulators call on airlines to comply with consumer law if they want to avoid enforcement July 21, 2022 The Civil Aviation Authority (CAA) and the Competition and Markets Authority (CMA) have warned airlines they could face enforcement action if they fail to comply with consumer law. In a joint letter sent to carriers today, the regulators said they were concerned about consumers experiencing harm “unless airlines meet their obligations” and “minimise flight disruption [...]
Competition watchdog rebukes Lloyds and Barclays for potentially misleading consumers March 21, 2022 The competition watchdog has rebuked Lloyds and Barclays today for breaking open banking rules by sharing inaccurate information on the products and services, claiming that both lenders were potentially misleading customers.
UK to take ‘back seat’ as EU leads the way for Big Tech regulation June 20, 2022 Departing chief of the UK competition watchdog has warned that the UK risks falling behind its European cousins after the government backtracked on giving the regulator enhanced powers to hold Big Tech to account. Speaking to the Financial Times, Andrea Coscelli said that the UK will become a “rule taker” rather than leader in this [...]
JD Sports and Footasylum hit with £5m fine following covert car park rendezvous February 14, 2022 city watchdog has slapped sports retailers JD Sports and Footasylum with a £5m fine after the firms’ bosses conducted covert meetings to discuss a blocked takeover, it has revealed.
Issa Brothers double-up Asda and EG Group to create forecourts giant May 30, 2023 Asda has confirmed plans to acquire the UK and Ireland division of petrol giant EG in a deal that will create a UK consumer giant with £30bn-worth of revenues a year. The supermarket, which is headed by the billionaire Issa brothers, has purchased the brothers’ other business, the EG Group, for £2.27bn. Asda is now [...]
Does the Darktrace takeover prove the US bad for British tech? May 11, 2024 Policy makers love that we’re building tech companies like Darktrace in the UK but hate it when they scale in the US. Time to regulate for reality, says Camilla de Coverly Veale You don’t have to look far to find someone presenting the view that the US tech scene is a predator to British tech: [...]
UK competition watchdog raises concerns over £6bn Avast buyout by cybersecurity rival March 16, 2022 The UK’s competition watchdog has raised concerns over the £6bn buyout of Avast by fellow cybersecurity firm NortonLifeLock, after launching a probe into the deal in January. The Competition and Markets Authority (CMA) announced this morning that the deal, which was announced in August, between close competitors could harm competition in the market, as there [...]
Competition watchdog accepts Google privacy changes February 11, 2022 The UK competition watchdog has accepted Google’s changes to its privacy sandbox, following a year-long investigation into the tech giant. The Competition and Markets Authority (CMA) launched the inquiry in January 2021 over concerns that Google’s privacy sandbox – a set of new web standards that aim to protect people’s privacy more – would cause [...]