Just Eat Takeaway sales soar during coronavirus lockdown August 12, 2020 Food delivery giant Just Eat Takeaway saw revenue soar 44 per cent in the first half of the year as consumers ordered food at home while restaurants closed during lockdown. The figures Revenue was up 44 per cent to €1bn as lockdown restrictions forced restaurants to close and consumers were told to stay at home. [...]
JD Sports shares drop after top investor Pentland slims down stake December 11, 2019 Shares in JD Sports fell as much as nine per cent this morning following reports majority shareholder Pentland has slimmed down its stake in the company. Read more: Competition watchdog ploughs ahead with investigation into JD Sports Pentland, a brand management firm and retailer, is said to have offloaded 24m shares priced at 740p each. [...]
CMA launches investigation into suspected financial services cartel November 16, 2018 The UK’s competition watchdog has launched an investigation into a possible financial services cartel, it announced today. The Competition and Markets Authority (CMA) said its probe into the alleged anti-competitive activity was launched under Chapter One of the Competition Act 1998, which addresses price fixing and attempts to control markets. The statement gave little detail [...]
JD Sports-owned Go Outdoors on brink of administration, with 2,400 jobs on the line June 21, 2020 Go Outdoors is said to be teetering on the brink of collapse, after the JD Sports-owned retailer was reported to be calling in administrators. JD Sports has lined up Deloitte as administrator to the company, which employs about 2,400 people across 67 stores, according to reports. Go Outdoors, which sells bikes, tents and waterproof clothes, [...]
Government working with supermarkets to ensure self-isolating coronavirus patients can be supplied with food March 6, 2020 The government is working with supermarkets to make sure people self-isolating due to coronavirus can still be supplied with food, the health minister said yesterday. Responding to an audience member concerned about possible food shortages in a coronavirus epidemic on BBC’s Question Time Matt Hancock said there was absolutely no need” for people to buy [...]
John Menzies’ takeover of Airline Services ready for takeoff after CMA gives green light January 17, 2019 Aviation services firm John Menzies’ shares nudged up in early trading as the group announced it had been given the green light on its takeover of London-based company Airline Services. The Competition and Markets Authority (CMA) approved the buyout this morning, meaning Menzies can go ahead taking control of the firm in a deal originally [...]
Rivals ‘can’t compete’ with Google and Facebook on digital advertising, watchdog warns December 18, 2019 Tech giants Google and Facebook dominate Britain’s digital advertising market to such a great extent that rivals can no longer compete with them on “equal terms”, the competition watchdog has warned. The Competition and Markets Authority (CMA) also raised concerns over the pair’s dominance undermining the ability of newspapers and other providers to produce “valuable [...]
DEBATE: Will the new recommendations from the CMA help rebuild trust in the audit sector? December 19, 2018 Will the new recommendations from the CMA help rebuild trust in the audit sector? Michael Izza, chief executive of ICAEW, says YES. The proposals from the Competition and Markets Authority (CMA), alongside the Kingman Review, are the kind of bold intervention in audit that we have been calling for. Breaking up the larger firms was unlikely [...]
Dignity shares plunge as it suspends dividend March 11, 2020 Funeral company Dignity’s shares plummeted today as it continued the suspension of its dividend following a 31 per cent drop in underlying pre-tax profit to £37.7m for 2019. That fell short of an expected £38.7m to send Dignity’s shares crashing 23 per cent to 385.8p. The UK’s only listed funeral provider said fewer people dying [...]
Amazon and Ebay blasted over failure to crack down on virus profiteers March 25, 2020 Amazon and Ebay are failing to clamp down on coronavirus profiteers using their platforms to sell products at “ridiculous” prices, a new investigation has revealed. Third-party sellers have been accused of exploiting the pandemic to ramp up prices for products that are difficult or impossible to find in local shops. Household items including cleaning products, [...]