Competition watchdog gives Sony and Nintendo subscriptions the green light April 13, 2022 The competition watchdog has finally given Sony and Nintendo's gaming subscription the green light following the gaming giants' changes.
Britain 2030: Can the tech success story continue? August 10, 2021 As the pandemic continues to wreak havoc across the UK economy, one plucky industry has continued its upward march unabashed. In an understated but significant milestone last month, the British tech sector welcomed its 100th unicorn — a private company valued at $1bn or more — becoming the first country in Europe to do so. [...]
Amazon fined by UK watchdog over late documents in Deliveroo probe September 7, 2020 Amazon has earned a slap on the wrist from UK regulators after it failed to meet a deadline for vital documents, as part of a long-running probe into its stake in Deliveroo. The Competition and Markets Authority (CMA) today fined Amazon £55,000, after it was forced to delay its investigation of Amazon’s purchase of a [...]
Mitie-Interserve deal to face competition probe September 15, 2020 The UK’s competition watchdog today announced that it was launching an investigation into whether Mitie’s acquisition of fellow outsourcing giant Interserve’s facilities management business could damage competition. Back in June Mitie signed a £271m deal with its rival for the division, which will create a giant new entity with more than 80,000 employees. The move [...]
Connecting? Vodafone confirms merger talks with Three UK October 3, 2022 Vodafone confirmed it was in merger talks with Three UK this morning, setting the scene to become the largest mobile telecoms supplier in Britain. The FTSE 100 firm said it was in discussions with CK Hutchison, Three’s Hong-Kong parent company, with the view of combining the two UK arms, with Vodafone owning 51 per cent [...]
Inmarsat and Viasat £5.4bn merger paused until CMA wraps up probe August 9, 2022 The £5.4bn takeover of British satellite giant Inmarsat by US rival Viasat has been put on hold until the UK’s competition watchdog completes a probe into the merger. The Competition and Markets Authority today officially launched an inquiry into the merger, having invited onlookers for comment in late July. The regulator will have until 5 [...]
Competition watchdog to probe Carlsberg-Marston’s tie-up August 19, 2020 The competition watchdog today said it has opened a probe into a proposed £780m tie-up between beer giants Carlsberg and Marston’s. The Competition and Markets Authority (CMA) said it was considering whether the deal would create a relevant merger situation and damage competition. In May the two companies announced plans to combine their brewing businesses [...]
Whitehall launches investigation into ‘profiteering’ by energy firms November 6, 2022 Whitehall officials have launched a probe into alleged profiteering by energy firms, with claims they are not passing on the benefits of recent government interventions. The government last month launched a six-month energy price cap for businesses to help them survive the continued increases in global energy prices. The Sunday Times reports that the Department [...]
Deliveroo appoints Goldman Sachs to oversee London float October 5, 2020 Deliveroo has appointed Goldman Sachs to oversee its long-awaited London flotation, according to reports, in a move that would value the UK food delivery company at more than £2bn. The Amazon-backed startup is expected to debut on the London stock market next year following discussions with the investment banking firm, Sky News reported. Deliveroo declined [...]
Suez strikes £1.75bn deal to buy back UK waste management from Veolia September 21, 2022 French utility Suez SA has struck a €2bn (£1.75bn) deal with Veolia Environment to buy back the UK waste management business it agreed to sell off to its rival last January. Suez has scuppered Macquarie’s bid to buy the British unit after the Australian asset manager struck a deal to acquire the UK business for [...]