Buy Now Pay Later lenders in fight for survival, says Moody’s November 9, 2023 Moody's says that tightening financial conditions and rising competition has brought challenges for independent Buy Now Pay Later lenders.
Facebook’s Giphy takeover could harm Gif supply, watchdog warns March 25, 2021 The competition watchdog has given Facebook and Giphy five working days to address concerns their merger could harm the digital advertising market and the supply of Gifs. The Competition and Markets Authority (CMA) today said Facebook’s planned takeover of the popular gif-maker, worth a reported $400m (£320m), could stifle competition. Following an initial investigation, the [...]
Tim Cook to take the stand in Apple’s Fortnite ‘monopoly’ battle May 21, 2021 Apple boss Tim Cook will take the stand today to defend his company against allegations of monopoly power as part of a high-profile legal battle with Fortnite maker Epic Games. The iPhone chief is expected to spend more than two hours fighting back against claims Apple abuses its market power through its App Store. Epic [...]
‘I would’ve thrown an egg at him’: Jeremy Hunt under fire for his London Stock Exchange push March 8, 2024 The boss of challenger stock exchange Aquis has launched a blistering attack on Jeremy Hunt today, claiming he wanted to throw an egg at the Chancellor for his "anti-competitive" push to turn the London Stock Exchange into the “Nasdaq of Europe”.
Directors, beware: Corporate governance overhauls could end with personal liability June 28, 2021 Corporate governance in the UK is about to undergo its biggest transformation in a generation. Next month, the Government consultation into the powers held by the new Audit Regulation and Governance Authority (ARGA), closes. Some of the proposals are seismic, driven by corporate scandals, and could mean directors of public companies, large AIM-listed and large [...]
UK launches new competition watchdog for Big Tech crackdown April 7, 2021 Tech giants such as Facebook and Google are facing a tougher regulatory regime in the UK after a new watchdog aimed at curbing their power launched today. The Digital Markets Unit (DMU) will be charged with setting up new rules to give consumers more control over their data, promote online competition and crack down on [...]
McAfee forced to refund customers following auto-renew probe May 25, 2021 Antivirus software giant McAfee will be forced to refund some customers whose contracts were automatically renewed following an investigation by the competition watchdog. The Competition and Markets Authority (CMA) opened an investigation into the anti-virus software market in 2018 amid concerns about unfair practices. A super-complaint filed by Citizens Advice warned that UK customers could [...]
MPs launch inquiry into power of social media influencers March 26, 2021 MPs have launched an inquiry into the power of influencers amid concerns about a lack of regulation over how social media stars promote products online. Influencers have been gaining prominence in recent years thanks to the continued growth of social media use and the popularity of hit reality shows such as Love Island. But they [...]
Watchdogs in focus as proposed shakeup of financial regulation returns to parliament June 5, 2023 The UK’s financial regulators will be in focus as lawmakers consider a range of proposals to boost the accountability of watchdogs. A range of amendments to the Financial Services and Markets Bill have been put forward, focusing on the scrutiny of regulators as the Bill returns to parliament this week. Regulatory scrutiny has been a [...]
Inside Westminster’s war with the FCA May 9, 2024 The relationship between the Financial Conduct Authority and the government has been fractious in recent years. Charlie Conchie takes a look at why Westminster went to war with the regulator