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 [...]
Watchdog says Morrisons takeover could lead to higher fuel prices in more than 100 locations March 24, 2022 The competition watchdog has said Morrisons’ blockbuster private equity takeover could lead to higher fuel prices. Clayton, Dubilier & Rice (CD&R)’s £7bn takeover of the supermarket could lead to higher fuel prices in 121 locations where both firms own forecourts, the regulator said. The Competition and Markets Authority (CMA) said it has concerns about the [...]
Canary Wharf’s giants stand by idly as Brits flock en masse to challenger banks Monzo and Starling Bank August 20, 2022 In yet another sign that traditional High Street banks are losing ground across the UK, challenger banks have overtaken the established Canary Wharf institutions in a survey ranking how satisfied people and firms are with their services amid the worsening cost-of-living crisis. Starling Bank and Monzo were the top-ranked current account providers, while high-street lenders [...]
Alliance Pharma sees profit and revenue spike amid ongoing uncertainty June 19, 2024 Alliance Pharma has hailed its strong second half performance for helping it to record sales and additional profit expansion in its preliminary results despite the healthcare group having delayed its audited results three times this year.
‘Bad news’ for Upper Crust owner after watchdog calls for more rail station catering competition June 12, 2024 The Office of Rail and Road has been investigating whether a lack of competition in railway station catering has been bumping up costs for passengers.
Spanish telecoms Cellnex firm widens reach in the UK under £8.7bn deal November 11, 2022 Spanish telecoms firm Cellnex is widening its reach in the UK under a €10bn (£8.7bn) European deal covering six countries. The Competition and Markets Authority (CMA) has now cleared the deal for CK Hutchison, which owns telcoms towers, in the UK. Cellnex has also acquired CK Hutchison in Austria, Ireland, Denmark, Sweden and Italy. The [...]
Petrol prices spike to record highs despite falling wholesale costs for retailers June 27, 2022 Petrol prices broke records again this weekend, despite falling wholesale costs and a slump across the two major oil benchmarks.
Competition watchdog green lights Sony Music’s £328m snap up of AWAL March 16, 2022 The UK competition watchdog has cleared Sony Music's $430m (£328m) acquisition of emerging music distributor AWAL.
Meta takes on UK watchdog in £249m competition row over Giphy tie-up April 26, 2022 Facebook's parent firm Meta has started the appeal process against the UK's decision to block its tie-up with Giphy for $315m (£249m).
Seedrs boss hits out at regulators for stifling growth April 6, 2022 The boss of crowdfunding firm Seedrs has hit out at UK regulators today claiming they are stifling the potential of UK startups.