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The Latest Breaking News from CMA

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

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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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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

Insider UK

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…

Benzinga

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

The Guardian - UK

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

Birmingham Post

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.

The Independent UK

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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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news in one place.

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Birmingham Post

JD Sports profits rise to at least £900m as full-year results delayed

The retail giant was recently fined by the CMA

Benzinga

Where Comerica Stands With Analysts

Over the past 3 months, 9 analysts have published their opinion on Comerica (NYSE:CMA) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Evening Standard

JD Sports and Footasylum fined almost £5 million over ‘black hole’ car park meeting

JD Sports denies deliberately deleting phone records relating to the meeting

The Guardian - UK

JD Sports and Footasylum fined almost £5m for breaching CMA order

Breach included sharing of commercially sensitive information concerning blocked merger

The Independent UK

JD Sports and Footasylum fined almost £5m over breaching merger rules

The competition watchdog also accused the firms of deleting records related to meetings between the firms but JD fiercely refuted the claim.

Wales Online

JD Sports and Footasylum fined almost £5 million for breaching rules

"There is a black hole when it comes to the meetings held between Footasylum and JD Sports."

Birmingham Post

JD Sports and Footasylum fined almost £5m for breaking CMA order

JD Sports has previously been order to sell Footasylum over competition concerns

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