On The Beach’s successful £2m dispute with Ryanair ‘sends an important message on how refunds should be handled’ October 31, 2023 In a ruling today, High Court judge Nigel Cooper KC calculated OTB group's claim to have succeeded over £2m.
Competition watchdog warns of pastry price rises amid Jus-Rol and Cérélia merger May 30, 2022 The competition watchdog has raised concerns that a merger between two bake-at-home dough producers could lead to higher prices of pastries. The Competition and Market Authority’s (CMA) said it was concerned about a merger between Jus-Rol and Cérélia, with fears prices would rise while the quality of products could suffer. After the deal, Paris-based Cérélia [...]
UK government to prepare regulators for AI as it eyes ‘agile’ approach February 6, 2024 The British government will spend more than £100m building artificial intelligence (AI) research hubs and preparing regulators.
Exclusive: Competition watchdog to unveil open banking regulatory committee after fintech pressure March 25, 2022 The competition watchdog is set to unveil a new committee of regulators tomorrow to oversee the rollout of open banking technology, after sustained pressure from fintechs.
High Court ruling: Teletext Holidays broke consumer law with refund failures February 28, 2022 The High Court has ruled that Teletext Holidays broke consumer law by failing to refund customers within the appropriate time period for bookings cancelled due to Covid. The Court agreed with the consumer watchdog that Truly Travel and Alpha Holidays, which traded as Teletext Holidays and Alpharooms, breached travel regulations. Under the Package Travel and [...]
Treasury-backed fintech body calls in open banking chief as chair November 8, 2022 A government-backed body set up to boost the country’s fintech sector has appointed industry grandee Charlotte Crosswell as its chair today, as it readies to start operations following a £5.5m Treasury funding commitment last year.
Mattress seller Emma probed by watchdog after discount urgency concerns November 30, 2022 Competition regulators are probing mattress seller Emma Sleep after concerns some of its online sales practices could be falling foul of consumer law. The sleep wellness brand is being investigated for potentially misleading shoppers by its use of countdown timers, with concerns of false warnings that a discounted price will end soon. A probe into [...]
Competition watchdog green lights Microsoft’s £13.9bn snap up of Nuance Communications March 2, 2022 UK competition watchdog has given Microsoft’s $19.7bn (£13.9bn) acquisition of Nuance Communications the green light this morning, stating that it did “not give rise to a realistic prospect of a substantial lessening of competition”. Tech giant Microsoft snapped up the US-headquartered software firm last April in a push to advance its software capabilities. Nuance offers [...]
Barratt: Capacity to build new homes, but not enough land to build on July 10, 2024 Barratt is one of the UK's top builiders, but it has struggled to grow this year.
Housebuilder Barratt to deliver profit ‘slightly ahead’ of expectations despite challenging conditions July 10, 2024 In a trading update covering the year to June, Barratt said that total home completions were at 14,004. Although this was down on 17,206 last year, it was still at the "upper end" of the firm's guidance.