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The Latest Breaking News from CMA

Greencore’s Bakkavor takeover faces competition concerns over supermarket sauces

It came as the Competition and Markets Authority (CMA) concluded an initial phase one investigation into the £1.2 billion deal.

Evening Standard

Apple and Google face enforced changes over UK mobile phone dominance

Competition watchdog takes similar stance as EU, saying both tech firms require stricter regulatory oversight

The Guardian - UK

Google and Apple may be forced to change app stores after watchdog’s ruling

The two tech giants currently dominate the market

The Independent UK

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Apple and Google may face action over mobile phone dominance, says UK watchdog

The Competition and Markets Authority said the two tech giants had substantial and entrenched market power with their platforms.

Evening Standard

Google and Apple face extra UK scrutiny over 'strategic' role in mobile platforms

Britain’s antitrust watchdog has targeted Google and Apple for their “strategic” roles in mobile ecosystems, opening the door for regulators to impose changes to their business practices to improve competition

The Independent UK

Competition regulator barking up the right tree on vets’ opaque pricing

Consumers and corporates should welcome CMA proposals to overhaul regulations unchanged since the 1960s

The Guardian - UK

Pet owners found to be overpaying for medicines

IN FULL

The Independent UK

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Calls for price cap on vet prescriptions as warning issued to pet owners

The CMA said pet owners pay 16.6% more on average at large vet groups than at independent vets

The Independent UK

Pet owners being hit by excessive bills from vet chains says CMA

Almost two-thirds of households in the UK own a pet, with the number of pet owners increasing significantly during the pandemic.

Evening Standard

Vets could be made to cap prescription prices after UK watchdog investigation

Market ‘not fit’ for purpose, CMA says, as it proposes shake-up including publishing treatment costs

The Guardian - UK

Google Designated Strategic Player In UK Search And Advertising Market

The UK's Competition and Markets Authority (CMA) designated Alphabet (NASDAQ:GOOGL) Google with strategic market status (SMS) in general search and advertising services after confirming that the company ticked off the legal criteria.

Benzinga

Google given special status by watchdog that could force it to change UK search

CMA puts Google under tighter regulation with ‘strategic market status’ designation and can enforce changes

The Guardian - UK

Google may be forced to loosen control of search engine in UK

The competition watchdog has used new powers to hand the tech firm strategic market status, which could see conduct requirements imposed on it.

Evening Standard

UK Opens Door To Tougher Regulation Of Google Search

Britain's competition watchdog on Friday paved the way for tougher regulation to tackle Google's dominance in online search, under new targeted measures focused on technology giants.

International Business Times

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The Guardian - UK

The bills are water torture – and so is the regulatory process in England

Five suppliers can raise charges but Ofwat is able to celebrate a minor moral victory. The whole process feels surreal

The Independent UK

The five utility companies cleared to increase water bill charges

IN FULL

Evening Standard

Five water firms provisionally allowed to raise bills by further 1% to 5%

An independent group appointed by the competition watchdog rejected nearly 80% of increases sought by companies.

The Guardian - UK

Entry-level workers face AI ‘job-pocalypse’; US probes Tesla’s self-driving system – as it happened

Business leaders are prioritising automation through AI to fill skills gaps, rather than training junior employees, survey finds

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news in one place.

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The Independent UK

Millions of households face jump in water bills after watchdog’s ruling

Five companies have been granted permission to increase their charges

Kiplinger

S&P, Nasdaq Hit New Highs: Stock Market Today

A late-day rally wasn't enough to lift the Dow into the green as its six-session winning streak came to an end.

Benzinga

Fifth Third, Comerica Combine To Form Ninth-Largest US Bank

Comerica Incorporated (NYSE:CMA) shares are trading higher premarket on Monday after Fifth Third Bancorp (NASDAQ:FITB) agreed to merge with the company in an all-stock deal valued at $10.9 billion.

The Guardian - UK

Water bills: millions of households in England could face even bigger rises

CMA poised to give verdict after appeal by five firms for permission to increase bills higher than allowed by Ofwat

International Business Times UK

Post-Brexit Shake-Up: Regulator Seeks to Replace EU Tech Licensing Exemption

Britain's CMA urges scrapping EU-era TTBER and creating a 12-year UK tech licensing exemption to modernise competition rules post-Brexit.

The Independent UK

Fuel retailers’ high price margins are ‘deeply concerning’, regulator says

The Competition and Markets Authority found supermarkets’ fuel margins ranged from 8.0-9.1% in the three months to the end of June.

The Guardian - UK

UK retailers accused of ripping off motorists as fuel margins ‘remain far above historic levels’

Watchdog ‘deeply concerned’ that firms have ramped up petrol and diesel prices at expense of consumers

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