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The Latest Breaking News from CMA

Digital challengers top banking customer satisfaction surveys

The results, which saw providers including Monzo, Starling, Chase and Mettle placed highly, are published by the Competition and Markets Authority.

Evening Standard

Kingsmill owner ABF to buy Hovis to create bread giant

ABF told investors on Friday that the deal will ‘combine’ the production and distribution activities of Hovis and its Allied Bakeries business.

Evening Standard

NGOs urge Nandy to halt sale of Telegraph over China links

Letter from rights groups says RedBird Capital’s proposed takeover threatens media pluralism and transparency

The Guardian - UK

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Government urged to crack down on ‘exploitative’ baby formula marketing

Formula manufacturers increased prices by an average of 25% in the two years up to November 2023 and they remain at near record highs.

The Independent UK

US firm's merger with Scotland's largest privately owned caterer under investigation

A MERGER between Scotland’s largest privately-owned caterer and a major US food services firm is under investigation ...

The National (Scotland)

UK looks to stop "harmful" cloud domination by AWS, Microsoft - but the tech giants are hitting back

CMA confirms it thinks AWS and Microsoft are running anticompetitive business practices to dominate the UK cloud market - but they don't agree.

TechRadar

As Microsoft posts $75B in Azure revenue, UK’s CMA says “competition is not working well”

Azure’s $75B revenue marks a milestone for Microsoft, but UK regulators say the cloud market isn’t competitive and may need stronger oversight.

Windows Central

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Amazon and Microsoft harming competition in cloud computing, finds CMA

It raised concerns over the way Microsoft charges Amazon and Google to use its software, which it said is driving up costs.

The Independent UK

Regulatory Pressure, Potential Innovations, AI Strategy Concerns And More: This Week In Appleverse

The past week has been a rollercoaster for Apple Inc. (NASDAQ:AAPL), with the tech giant facing regulatory scrutiny, potential innovations, and investor concerns. From the UK’s Competition and Markets Authority (CMA) proposing significant changes to Apple’s mobile ecosystem to the company’s potential leap into the foldable smartphone market, the week was…

Benzinga

Epic goes ballistic over the latest CMA filing — Fortnite and the Epic Games Store will no longer be coming to iOS in the UK this year

According to Epic, the CMA has ruined the chances of Fortnite and its Store returning to iOS, as it deprioritizes its once-anti-competitive stance on Apple.

Windows Central

Apple, Google Face Sweeping UK Antitrust Crackdown As Competition Regulator Targets 'Strategic Market Status' Over App Store Control

The U.K.’s Competition and Markets Authority (CMA) is proposing significant changes to the mobile ecosystems of Apple Inc. (NASDAQ:AAPL) and Google, a subsidiary of Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), following an investigation into their market dominance.

Benzinga

UK competition watchdog to act over Apple and Google’s mobile platforms

CMA intends to force tech firms to make changes after designating them with ‘strategic market status’

The Guardian - UK

Sportradar faces UK CMA scrutiny over IMG Arena deal

Market dominance concerns arise.

Dot Esports

Housebuilders’ £100m offer after probe ‘definitely looks dodgy’, Parliament told

The firms have said the offer of voluntary commitments does not mean they admit any wrongdoing.

Evening Standard

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The National (Scotland)

Scotland to benefit from £100m payout from top housebuilders following investigation

SCOTLAND is set to benefit from a £100 million payout from seven leading house building firms after they were found sharing commercially sensitive…

The Independent UK

Business news live: Housebuilders pay £100m after investigation and Rachel Reeves sent Cash ISA plea

Stock markets updates and business news from Wednesday

The Guardian - UK

Seven UK housebuilders to pay £100m to fund affordable homes after CMA investigation

Watchdog found evidence of information sharing linked to prices but firms have not admitted any wrongdoing

Evening Standard

Housebuilders agree to £100m affordable housing payment after CMA probe

Money will fund hundreds of new homes across the UK, but few likely to be built in London

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Evening Standard

Housebuilders vow to pay £100m after probe into information-sharing

The CMA said the payment would be the largest it has ever secured through commitments from firms under investigation.

Evening Standard

Competition watchdog puts Greencore’s £1.2bn swoop for Bakkavor under microscope

The Competition and Markets Authority said it was looking at possible competition concerns over the food-to-go mega deal.

The Independent UK

Rock ‘n’ Roll, flying pints and a brotherly hug: Inside Oasis’s first reunion show

Noel and Liam Gallagher brought the house down at the Principality Stadium, kicking off their record-breaking reunion tour in tremendous fashion

Evening Standard

Will the Oasis tour boost the British economy?

The reunion tour will kick off at the Principality Stadium in Cardiff, Wales tonight

International Business Times UK

Getting Oasis Tickets Face Issues As UK Watchdog Questions Possible Fraud By Ticketmaster

The CMA is threatening Ticketmaster with legal action over how Oasis reunion tickets were sold. Here's what happened, how fans were affected, and what the investigation could mean.

Evening Standard

Oasis resale tickets soar to £3,500 just hours before reunion tour kicks off in Cardiff

Seats for the opening show at the Principality Stadium are being listed for between £265 to £3,555 on StubHub

The Guardian - UK

UK watchdog threatens Ticketmaster with legal action over way Oasis tickets were sold

Only days before reunion tour begins, CMA raises concerns that fans may have been misled by company

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