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The Latest Breaking News from CMA

Consumer watchdog given more powers to protect people from fake reviews and subscription traps

The average UK household spends around £900 each year influenced by online reviews.

Daily Record

Why Boris Johnson needs to intervene on Chinese ownership of Newport Wafer Fab

The Newport-based chip maker can become a key player in the role of fast-charging electric vehicle charging points

Birmingham Post

A Mount Everest mystery cover-up?

Mark Synnott climbed Earth's highest peak to solve a mystery, but found another upon returning.

Salon

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read the most diverse news in one place.

Morrisons' £7bn takeover set to see 100 petrol stations sold across the UK

Clayton, Dubilier and Rice, which also owns forecourt operator Motor Fuel Group (MFG), won over control of the Big Four grocer in October - but the competition watchdog said it could lead to higher prices

Daily Mirror

Morrisons suitor hopes petrol station sale will ease takeover deal

Private equity group Clayton, Dubilier & Rice last year won the race to buy the Yorkshire-based supermarket chain but faces potential competition action

Birmingham Post

CD&R proposes petrol stations sale to push through £7bn Morrisons takeover

Last month, the CMA warned that the takeover of Morrisons could lead to higher fuel prices in 121 locations across the UK.

The Independent UK

HSBC breaches competition rules after admitting ‘bundling’ tactics

More than 200 predominantly Scottish customers were wrongly sold into additional accounts

Insider UK

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UK competition regulator raids Mitie offices in London

CMA examines emails from senior staff at outsourcer amid Home Office concerns over immigration centre contracts

The Guardian - UK

Saudi Arabia Sees Growth in Entrepreneurs' Funds

Investment in Saudi Arabia has witnessed a qualitative leap in the stock market and a significant growth in entrepreneurs' funds, be it private or venture investment or startup funds, announced Chairman of the Capital Market Authority (CMA) Mohammed al-Kuwaiz. Speaking at a panel discussion at the Global Entrepreneurship Congress (GEC)…

Asharq Al-Awsat

Morrisons' £7bn takeover could push petrol prices up in 120 parts of UK warns watchdog

The Competition and Markets Authority has warned that the private equity firm Clayton, Dubilier & Rice’s £7billion takeover of Morrisons could lead to higher fuel prices in more than 120 locations

Daily Mirror

Online shoppers warned to take care before they ‘drink and click’

Shoppers may be more vulnerable to misleading sales tactics when they are feeling distracted or tired, the Competition and Markets Authority said.

The Independent UK

Morrisons takeover could lead to higher fuel prices, watchdog warns

Competition and Markets Authority says deal could lead to higher costs for motorists in 121 areas of Britain

The Guardian - UK

Morrisons takeover could see prices rise at dozens of petrol stations – watchdog

The warning comes after a recent surge in the price of petrol and diesel.

The Independent UK

Thousands more people freed from rip-off ground rents that left them unable to sell homes

The competition watchdog said 15 businesses have agreed to release 3,500 leaseholders from contracts which saw their ground rent double in price every 10 to 15 years

Daily Mirror

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Insider UK

CMA raises competition concerns around £10m acquisition of Babcock's helicopter business

Regulator is welcoming further views before it makes a final decision on the deal in May

Benzinga

NortonLifeLock - Avast Deal Hits UK Antitrust Roadblock; Shares Dive

NortonLifeLock Inc's (NASDAQ:NLOK) $8.6 billion purchase of Avast PLC (OTC:AVTTY) (OTC:AVASF) hit a roadblock after Britain's antitrust regulator looked to launch a deeper investigation into the deal. NortonLifeLock in August proposed to acquire rival Avast in a cash-and-stock cyber deal to create a leader in consumer security software. Britain's Competition and Markets Authority (CMA) said the deal…

The Guardian - UK

Greenwashing UK fashion firms to be named and shamed by watchdog

Crackdown on sweeping eco-friendly claims hoped to boost faith in genuine sustainable products

The Guardian - UK

UK has ‘sleepwalked’ into dysfunctional children’s social care market, says regulator

CMA finds local authorities are being forced to pay excessive fees for substandard privately run services

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news in one place.

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Birmingham Post

Competition watchdog clears Pennon's merger with Bristol Water

Bristol customers promised lower bills and membership of Pennon's share scheme after CMA approved £425m takeover

The Independent UK

Competition watchdog probes Mitie over immigration centre contracts

The CMA said it is considering whether competition law has been breached over a procurement process for immigration removal centre contracts.

The Independent UK

Buyer of Three network owner to sell 1,000 mobile towers to allay price fears

Competition and Markets Authority said £8.6 billion European deal for CK Hutchison will only be allowed if it sells off parts of the network in UK.

Daily Mirror

High Court rules Teletext Holidays broke law by withholding millions in holiday refunds

Travel giants Teletext Holidays and Alpharooms entered liquidation just before Christmas, affecting tens of thousands of holidaymakers who were still waiting on refunds from the start of the Covid outbreak

The Independent UK

Teletext Holidays broke consumer law over pandemic refund delays, court rules

The legal action was launched by the Competition and Markets Authority.

The Independent UK

Watchdog sticks nose into CVS deal amid concern at loss of independent vets

The group would dominate veterinary services in five areas if its takeover of The Vet goes ahead, the competition watchdog found.

The Guardian - UK

UK regulator joins five-nation effort against supply chain price hikes

UK, US, Canada, Australia and New Zealand team up to identify collusion between suppliers and shippers

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