Union to ballot 150,000 civil servants on plans for public sector strike September 26, 2022 The public sector workers’ union is set to ballot more than 150,000 civil servants on plans to strike over pay and working conditions. The Public and Commercial Services Union (PCS) said it is urging its members in 214 government departments to vote in favour of taking industrial action, after the UK government set out plans [...]
CMA clears Paddy Power owner Flutter’s £10bn gambling merger March 31, 2020 A gambling mega-merger between Paddy Power owner Flutter and Sky Bet owner Stars got the green light today from the UK’s competition watchdog. The Competition and Markets Authority (CMA) cleared Flutter’s £10bn purchase of Stars after opening an investigation into the tie-up at the start of February. The CMA found punters would not receive less [...]
Influencers: MPs call for better protection for TikTok stars May 9, 2022 MPs will today call for greater action to be taken in advertising and employment rules to protect children and online performers, arguing that regulation has failed to keep pace with the growth of online influencer culture.
Regulators holding back fintech firms in cost of living crunch, industry body says March 2, 2023 Regulatory red tape is stopping fintech firms from boosting financial inclusion and helping consumers through a cost of living crunch, the industry body and EY said today. In a new report, Innovate Finance and big four firm EY said today that City regulators need to quickly expand the UK’s open banking regime and loosen rules [...]
MPs wait on influencer pay review following concerns about gaps May 30, 2022 MPs have urged the government to look into pay standards across the influencer marketplace, especially following evidence of racial pay gaps of TikTok and Instagram stars.
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 [...]
UK government opens national security probe into Nvidia’s $54bn Arm deal November 16, 2021 The UK government has launched a a full-blown national security investigation into Nvidia’s planned takeover of British chip designer Arm, introducing another obstacle in the way of the $54bn deal. Digital and culture secretary Nadine Dorries has ordered a “phase 2” investigation into whether the deal operates against public interest, thus instructing the UK competition [...]
EU watchdog approves foreign takeover of British firm Meggitt April 12, 2022 Brussels has given its blessing to a £6.3bn takeover of British defence company Meggitt by a US buyer.
Petrol prices drop slightly for first time since April, but motoring associations say it’s not enough July 6, 2022 Petrol prices have slightly dropped for the first time since mid-April, according to reports from motoring association the AA. Figures have shown that the average price of a litre of petrol at UK pumps went down by 0.3p between Sunday and Monday. The price of petrol yesterday was around 191.3p, well below Sunday’s record price [...]
Not a good look: PIRC advisory group scrutinises JD Sports boss’ multi-million pound exit deal October 2, 2022 An influential shareholder advisory group has said JD’s payout to former boss Peter Cowgill is “not a good look” for the sportswear retailer. Former JD Sports’ boss Peter Cowgill is set to receive a multi-million pound payout after making his departure from the sneaker seller. Exit terms include a £3.5m payment over two years for [...]