70 per cent drop in cartel whistleblowing to CMA since 2018 should cause ‘concern’ September 17, 2023 The UK’s competition watchdog should be concerned by a 70 per cent drop in whistleblowing on illegal cartels in the last five years, top lawyers have said. A freedom of information (FOI) request from law firm RPC showed the staggering drop in reporting, down from 1,442 calls in 2017 to just 427 in 2022, City [...]
JD Sports set to announce former B&Q executive as new CEO July 26, 2022 A former boss at B&Q is being touted to take the reins at JD Sports Fashion to replace the brand’s long-term CEO who stepped down over board disagreements. Frenchman Regis Schultz is set to take over at the sportswear fashion giant according to Sky News’ Mark Kleinman. City sources said the agreement could be signed [...]
Monzo ‘repeatedly failed customers’ by not sharing data, competition watchdog says July 26, 2022 The competition watchdog has accused Monzo of “repeatedly” failing its customers today after it found the digital lender had failed to share transaction data with people closing down their accounts.
Exclusive: Three quarter of Brits pay for subscriptions they don’t use September 8, 2022 Three quarters of Brits who have subscriptions say they are currently spending on services they don’t regularly use.
Construction giants colluded to rig £150m of contracts including Selfridges and Oxford University, CMA rules June 24, 2022 A consortium of about 10 construction firms illegally colluded to rig bids for £150m of major contracts, according to provisional findings by the UK competition watchdog. The Competition and Markets Authority (CMA) said eight of the firms involved in the cartels have admitted to taking part. The rigged contracts for demolition services included work for [...]
CMA to allow Morrisons owner to sell 87 petrol stations to complete £7bn deal May 3, 2022 The UK’s competition watchdog has said it is poised to give a green light to the owner of Morrisons over selling dozens of petrol stations. The Competition and Markets Authority (CMA) has been probing Clayton, Dubilier & Rice’s £7bn takeover of the supermarket and previously raised competition concerns. The New York private equity firm also [...]
Incoming CMA chair warns job cuts could make it harder to take on cases that protect consumers from high prices June 28, 2022 The competition watchdog’s ability to get the best deal for British consumers could be endangered by job cuts, the government’s chosen candidate for chair of the body has warned. The government intends to slash 91,000 civil service jobs over the next three years, in an endeavour to bring headcount back to 2016 levels. Ministers’ preferred [...]
Panic in pharma as bosses of four firms face being struck off: Shock CMA decision includes Alliance’s CEO September 2, 2022 Pharmaceutical firms have appealed against a competition case underlying the disqualifications of multiple industry bosses, which could potentially lead to the seven individuals being struck off. The Competition and Markets Authority (CMA) said on Friday that it had issued proceedings in the High Court to disqualify directors at four groups, including the chief executive of [...]
Meta will be forced to sell Giphy as the CMA falls for the dangerous myth of ‘big is bad’ October 25, 2022 . Regulators around the world are intent on breaking up the largest tech companies, and now they have a model that works — even if it's dangerously detached from reality.
Ignore the ideologues, we should take our time to get rid of EU laws and do it right May 23, 2023 Kemi Badenoch did right in facing down the critics and moving the goalposts to scrap EU legislation. We need to have enough time to ensure we do it the right way, writes Bim Afolami