Motorists have ‘right to know’ why fuel costs surge, says the RAC June 29, 2022 Motorists have “a right to know” why fuel prices at UK forecourts continue to rise despite a slump in wholesale costs. Leading motoring group the RAC has accused fuel retailers of “inexplicably” rising costs after petrol yesterday reached a new record high of 191.2p while diesel stationed at 199p per litre – 0.1p less compared [...]
Amazon takes legal action against new fake review broker as UK plans clamp down on firms May 6, 2022 Amazon has started legal action against Hong Kong based fake review broker Extreme Rebate after it successfully targeted the schemes of three major attackers, resulting in nearly 350,000 people no longer being incentivised by them.
Meta appeals against UK watchdog ruling that it must sell Giphy December 23, 2021 Facebook's parent company Meta is appealing against a decision by the UK's competition watchdog ordering it to sell Giphy.
EU mulls metaverse regulation as businesses jump into virtual reality February 8, 2022 As key players in fashion, tech and finance develop virtual reality metaverses EU authorities are considering new rules to protect consumers.
Competition watchdog clears way for $44bn S&P Global and IHS Markit merger October 19, 2021 The UK’s competition watchdog has cleared the way for a multi billion pound merger between two of the world’s leading data providers. The Competition and Markets Authority said today the $44bn tie up between IHS Markit and S&P Global could be allowed to go ahead if competition concerns were addressed. The CMA uncovered limited competition [...]
CMA warns taxpayers and councils face higher bills after £11bn Veolia-Suez waste management merger December 7, 2021 The £11.1bn merger between French waste and water management giants Veolia and Suez could lead to higher prices for UK councils and taxpayers, according to Britain’s competition watchdog. The Competition and Markets Authority (CMA) said the tie-up, which was announced earlier this year, could lead to a loss of competition in the supply of key [...]
Ministers offer open banking boost with ‘smart data’ investment April 5, 2022 Ministers threw their weight behind the roll out of open banking technology yesterday as they confirmed a funding injection in the development of so-called ‘smart data’ in financial services.
Mark Kleinman’s must-read column: Apollo, Ofgem and Hargreaves Lansdown May 18, 2023 Mark Kleinman is Sky News’ Business Editor and writes a must-read column for City A.M. on the biggest business stories of the week Apollo’s failed missions will make take-private landings harder Apollo and ground-breaking missions of accomplishment have long been synonymous. Right now, for the US-based investment firm of the same name, simply getting the [...]
Gridserve to roll out biggest EV charging upgrade in UK history December 9, 2021 Gridserve will roll out the biggest upgrade of motorway electric vehicle (EV) charging points in UK history, as the company announced that 20 electric hubs will be installed across the country from March. Each hub will feature between 6 and 12 350kW chargers, adding up to 100 miles of range. Gridserve will also build two [...]
Motorists driving off without paying at pump could cost forecourt operators £100m in 2022 July 22, 2022 A spike in drivers not paying for fuel due to high prices could cost forecourt operators more than £100m in 2022. There has been at 2,054 incidents of drivers refusing to pay at the pump so far this year in the capital, according to a Freedom of Information Request submitted by City A.M., and sent [...]