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The Latest Breaking News from CMA

Rochdale-based Footasylum bags major profits after JD Sports sell-off and end of lockdown

Bury-based JD Sports was forced to sell Footasylum earlier this year over competition concerns

Manchester Evening News

Store sales jumped at Footasylum ahead of JD Sports being forced to sell chain for £50m loss

The Bury-headquartered giant originally purchased the brand in March 2019 for £90m

Birmingham Post

Fears loophole means thousands of children could be missing out on free milk

Government urged to tackle ‘scandalous’ situation as ‘matter of urgency’

The Independent UK

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CMA says merger of pastry makers Cerelia and Jus-Rol could push up prices and reduce quality

The CMA has given both companies until November 25 to give their response to the provisional findings

Birmingham Post

Asda confirms purchase of 132 Co-op sites across the UK in £600million deal

They have legally completed the takeover, yet the sale remains subject to approval

Liverpool Echo

Asda completes £600m deal to buy Co-op's petrol forecourt business

The Co-op said proceeds from the sale will be reinvested into its core convenience shops, pricing, stores operations and reducing its debt burden

Birmingham Post

Asda buys 132 convenience store and petrol station sites across UK

The 2,300 colleagues currently employed by The Co-op will move to Asda

Wales Online

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Alan Jackson to join CMA elite of lifetime achievement honorees

Country music veteran will receive the prestigious award at Nov. 9 ceremony.

Chicago Sun-Times

Alan Jackson to get CMA lifetime achievement award

Country star Alan Jackson will receive the CMA Willie Nelson Lifetime Achievement Award in November

The Independent UK

TechScape: Kanye’s dark twisted social media fantasy

The artist now known as Ye wants to buy the ‘free-speech’ social network Parler after being banned from major sites. But hopes for a rightwing splinternet, where anything goes, is not so easy

The Guardian - UK

Bank is taking a risk in cracking on with first QT sale

Longer delay might have been mildly embarrassing but would be the safer approach

The Guardian - UK

Meta Accepts UK Order to Sell Giphy after Antitrust Battle

Britain's competition regulator has ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after a tribunal upheld its view that the acquisition could damage its rivals and remove a potential competitor in advertising. Meta said it would accept the Competition and Markets Authority's (CMA) order to unwind the 2020…

Asharq Al-Awsat

Meta agrees to sell Giphy, ending battle with UK regulators

Facebook parent Meta says it will sell off Giphy after running out of options to thwart a ruling by U.K. regulators, who again found that the deal to buy the GIF-sharing platform would limit competition and innovation

The Independent UK

Meta suffers blow after being ordered to abandon $315 million Giphy takeover

Meta said it would not be contesting the decision

Evening Standard

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The Independent UK

Meta ordered to sell Giphy as UK competition watchdog confirms decision

The Competition and Markets Authority has reiterated a decision it first made last year.

The Guardian - UK

Facebook owner Meta to sell Giphy after UK watchdog confirms ruling

CMA says takeover of gif creation website limits choice for social media users

Irish Mirror

Country to Country 2023 Dublin line-up confirmed as festival returns to 3Arena

The three-day showcase, due to take place next March 10, 11 and 12, will see Lady A, Zac Brown Band and Thomas Rhett headline

Manchester Evening News

Drivers hit with 7p rise in petrol and diesel prices due to pound's decline

The average price of a litre of petrol at UK forecourts is currently around £1.62

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The Independent UK

Drop in sterling adds 7p per litre to fuel bills

The Competition and Markets Authority published a review into high pump prices.

The Independent UK

Lainey Wilson, Carly Pearce celebrate at CMT Artists show

It's been a good year for country artists Lainey Wilson and Carly Pearce, who are being honored with their peers at the CMT Artists of the Year

The Guardian - UK

Motorola faces price controls over UK emergency services radio contract

Watchdog to rule on monopoly of police, fire and ambulance services system as excess profits head towards £1.1bn

Evening Standard

Inmarsat takeover on hold as CMA launches in-depth investigation

The CMA said the deal would not substantially reduce competition amid rapid expansion in the sector.

USA Today Sports Media Group

Microsoft says regulators sided with Sony on Activision Blizzard acquisition

Microsoft downplays its strength in the games sector following the U.K.’s Competition and Market Authority's concerns over the ActiBlizz deal

The Guardian - UK

UK trade regulators struggling to cope due to poor Brexit planning, MPs say

Commons committee warns there are still shortages of staff to deal with UK’s new status as a third country

Evening Standard

Morrisons £190 million McColl’s takeover set to be greenlit

Competition watchdog orders sale of 28 McColl’s sites to rubber-stamp acquisition

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