Nasdaq getting ‘a lot of calls’ from UK firms seeking a listing, says top exec December 18, 2023 The City’s mission to address the sharp fall in listing activity was dealt another blow today after a Nasdaq executive claimed “a lot” of UK firms were calling the bourse with interest in listing on the US index.
Marston’s and Carlsberg get green light for £780m brewing JV October 9, 2020 Brewers Marston’s and Carlsberg have been given the go-ahead to complete a £780m joint venture after a Competition and Markets Authority (CMA) investigation. Shares in London-listed Marston’s rose 16.7 per cent as markets cheered the decision. The UK’s competition watchdog said that as the two firms had different areas of focus, competition between the two [...]
FCA will ‘keep its eyes’ on banks’ Q1 results for evidence of savings rate profiteering April 20, 2023 Savers are facing a rising “loyalty penalty” from high street banks, the Financial Conduct Authority (FCA) has warned. Customers banking with the UK’s big name lenders are likely to earn less competitive interest rates on their savings over time, while new savers are given more attractive offers, the City watchdog told MPs today. “Harm” from [...]
Lenders need to ‘step up’ to support customers, says FCA chief November 7, 2022 The City watchdog said that lenders need to “step up” to support their customers today as they are battered by soaring mortgage rates and rising prices this year.
Facebook facing multiple lawsuits that could splinter the tech firm and render acquisitions illegal December 9, 2020 The US Federal Trade Commission (FTC) and nearly every US state have sued Facebook today, saying that it broke antitrust law and should potentially be broken up. In its complaint, the coalition of 46 states, Washington, D.C. and Guam also asked for Facebook’s acquisitions of Instagram and WhatsApp to be judged to be illegal. The [...]
UK watchdog ramps up pressure on tech giants as it sets one-year ultimatum October 19, 2020 The UK competition watchdog has urged the government to step up plans for a new digital regulator as it warned it is preparing to take action against tech giants such as Facebook and Google. Andrea Coscelli, chief executive of the Competition and Markets Authority (CMA), said his organisation was “actively considering” potential enforcement cases in [...]
City regulator should force lenders to be more transparent on SME ‘debanking’, MPs urge May 8, 2024 An influential group of MPs has urged the City watchdog to force banks to be more transparent on why they "debank" businesses amid criticism that regulators and lenders are hamstringing growth and innovation among small firms.
Dignity shares rocket after funeral cost controls dropped because of pandemic August 13, 2020 Shares in funeral company Dignity surged nearly 40 per cent today after the Competition and Markets Authority (CMA) said it would not introduce price controls because of the coronavirus pandemic. Dignity shares jumped 38 per cent to 540p. The company said it was considering the CMA’s report in detail. An investigation into the sector, focusing [...]
FCA calls on credit raters to boost checks amid unaffordable loan fears November 22, 2022 The UK’s financial watchdog has called on credit rating firms to boost their credit checks on customers today amid fears that lenders are dishing out loans to borrowers based on patchy information.
Competition watchdog requests probe into Virgin-O2 merger October 8, 2020 The UK competition watchdog has asked the EU to refer the planned tie-up between O2 and Virgin for a full investigation in Britain. O2’s owner Telefonica in May confirmed plans for a £31bn mega-merger with Virgin Media, owned by Liberty Global. The proposed deal falls under the remit of the European Commission to review, but [...]