CMA puts brakes on Amazon’s Deliveroo investment July 5, 2019 The UK’s competitions watchdog will examine Amazon’s investment in Deliveroo, it said this morning, putting the brakes on the multi-million pound deal. The internet retail giant took a stake in Deliveroo in May, leading a $575m (£450m) funding round. It did not reveal the exact size of the stake. Read more: Amazon leads £450m Deliveroo [...]
French regulator fines Google €220m over advertising practices June 7, 2021 Google has agreed to pay €220m to settle a French investigation over its abuse of power in online advertising. The French Competition Authority said Google has been unfairly sending business to its advertising server and its online advertising auction house, at an unfair advantage to its rivals. It came after a complaint lodged by Rupert [...]
Watchdog calls for Viagogo-Stubhub breakup over competition concerns October 22, 2020 The UK’s competition watchdog has called for ticket reseller Viagogo to sell “all or part of” Stubhub, after a large-scale review into the merger found the two were close competitors in “a very concentrated market”. The Competition and Markets Authority (CMA) said its investigation into the $4bn (£3bn) deal, completed in February, found it was [...]
Heathrow airfares to rise as CAA confirms interim price cap December 16, 2021 The UK Civil Aviation Authority (CAA) has written to Heathrow, confirming the £30.19 interim price cap the airport can charge its airline customers will take effect from 1 January. According to the CAA, the charge will be £29.50 in 2020 prices, going up to £30.19 – a 50 per cent increase compared with the current [...]
Exclusive: Sustainable targets are everyone’s responsibility, says festival veteran September 21, 2021 The founder of a festival focused on sustainability and innovation in fashion has said customers and businesses need to join forces to tackle fast fashion. The organisation Fashion District aims to bring businesses together, attract global talent to East London and accelerate growth in manufacturing in the area. From September 22 to 26, Fashion District [...]
Dignity sees steep rise in spend-per-service as 41,000 funerals bury last year’s losses September 21, 2021 Funeral giant Dignity has revealed it has seen the amount spent on each funeral increase but the number of deaths fall. Spending on each funeral rose from £2,461 in the first half of last year to £2,628 in the first six months of 2021. But Dignity only conducted 41,400 funerals, compared with 46,000 a year [...]
Big tech may be forced to pay for UK journalism as Dorries pushes new laws January 31, 2022 Tech giants may be forced to pay British newspapers for their stories as Westminster draws up new plans to clamp down on the likes of Google and Meta.
Instagram vows to tackle hidden celebrity ads after watchdog probe October 16, 2020 Instagram has pledged to do more to prevent hidden advertising on its website and app amid concerns that influencers are failing to make it clear when they have been paid to promote products. The Competition and Markets Authority (CMA) launched an investigation into Instagram over its failure to tackle the problem of hidden advertising. Facebook, [...]
UK launches national security review into Nvidia’s $40bn Arm takeover April 19, 2021 The UK has launched a review into Nvidia’s planned $40bn (£30bn) takeover of British chipmaker Arm amid concerns it could harm national security. Digital secretary Oliver Dowden today issued a public interest intervention notice (PIIN) relating to the proposed deal. Cambridge-based Arm is one of the world’s leading semiconductor companies. Chips are key to technologies [...]
Watchdog opens probe into major homebuilders over leasehold practices September 4, 2020 The Competition and Markets Authority (CMA) today said it was opening enforcement cases against four of the UK’s biggest housebuilders over suspicions they may have broken consumer protection law in relation to leasehold homes. The CMA today said it was opening enforcement actions focusing on the practices of Barratt Developments, Countryside Properties, Persimmon Homes and [...]