Competition watchdog pressures government to take on tech giants July 1, 2020 The Competition and Markets Authority (CMA) has said existing UK laws are not suitable for effective regulation, calling on the government to overhaul its structure so it can better tackle tech market dominance. The watchdog said it needs more support to govern the behaviour of “major platforms funded by digital advertising, like Google and Facebook”, [...]
UK antitrust chief relies on EU in global drive to regulate big tech November 26, 2021 The head of Britain’s antitrust watchdog said he plans to pick his battles with tech companies carefully as the EU takes a leading role.
Coronavirus: CMA investigating holiday firms over refund claims May 21, 2020 The UK’s competition watchdog is investigating package holiday firm’s over their failure to refund customers for cancelled holidays. According to its latest statistics, the Competition and Markets Authority (CMA) has received over 60,000 complaints from customers regarding the coronavirus crisis since 10 March. Of these, it said that 27,000 related to complaints about “unfair practices” [...]
Domino’s slams Amazon’s £442m investment in Deliveroo May 14, 2020 Pizza takeaway chain Domino’s has slammed a watchdog’s decision to give the go-ahead to Amazon’s £442m investment in Deliveroo, saying the decision will harm competition and consumers. The Competition and Markets Authority (CMA) provisionally cleared the investment in April over concerns that Deliveroo could collapse without extra financial backing due restaurant closures during the coronavirus [...]
Open banking: UK banks could pay to access central hub of Brits’ financial data June 18, 2020 British banks would pay for access to a central open banking resource under proposed next steps to introduce the concept in the UK, an industry body said today. Open banking functions to let people share their spending habits, regular payments and payees with other banks would move into a separate service company, under next steps [...]
Competition watchdog revokes ban on Takeway.com and Just Eat integration April 16, 2020 Just Eat Takeway has been given the go-ahead to integrate the two food delivery businesses after the UK’s competition watchdog revoked an order to keep the firms separate. The Competition and Markets Authority (CMA) issued an initial enforcement order in January, which prevented the two food delivery firms from integrating their businesses. Amsterdam-based Takeaway.com bought [...]
CMA clears £6.2bn Just Eat Takeaway merger April 23, 2020 Just Eat and Takeaway.com received the green light to complete their £6.2bn merger today. UK watchdog t he Competition and Markets Authority (CMA) found the tie-up would not lessen competition in the food delivery space. The CMA said it was “satsified there are no competition concerns”. Takeaway.com fought off a rival bid from Dutch rival [...]
Facebook’s $400m acquisition of Giphy could be blocked based on fruitless antitrust claims September 9, 2021 The Competition and Markets Authority have threatened to dissolve Facebook’s £289m acquisition of Giphy based on fruitless allegations the merger would be anti-competitive. The only catch is: Facebook and Giphy are not competitors. Breaking up this deal on antitrust grounds will have international consequences. Regulators across the world are becoming increasingly hostile towards Facebook, as [...]
Facebook’s $400m acquisition of Giphy could be blocked based on fruitless antitrust claims – CityAM : CityAM September 9, 2021 The Competition and Markets Authority have threatened to dissolve Facebook’s £289m acquisition of Giphy based on fruitless allegations the merger would be anti-competitive. The only catch is: Facebook and Giphy are not competitors. Breaking up this deal on antitrust grounds will have international consequences. Regulators across the world are becoming increasingly hostile towards Facebook, as [...]
JD Sports defends Footasylum boss car park meeting as CMA investigates November 8, 2021 JD Sports has defended reports that its executive chairman met with Footasylum boss amid an ongoing competition watchdog review. The footwear giant’s executive chairman Peter Cowgill met with Footasylum chief Barry Bown, in a car park near Bury in Greater Manchester, this summer, in footage seen by the Sunday Times. JD Sports said in a [...]