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The Latest Breaking News from Competition and Markets Authority

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

Asda takes battle to rivals with convenience store launches

Sites to open in Tottenham and Birmingham as part of UK push as supermarket waits on Co-op deal

Evening Standard

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

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Inflight wifi could be pricier if takeover of UK satellite firm goes ahead, says CMA

Competition and Markets Authority says other operators may not be able to compete after merger of Inmarsat and Viasat

The Guardian - UK

Rangers took money out of loyal fans pockets and showed staggering arrogance in denouncing Sky deal - Hugh Keevins

Our hard-hitting columnist pulled no punches yet again after a week when the Ibrox side were in the headlines following a fine over shirt price fixing.

Daily Record

Simon Jordan floats Rangers defence after merchandise price fixing fine as he makes 'two sided argument' case

Rangers Football Club, Elite Sports and JD Sports were hit with sanctions totalling £2m by the Competition and Markets Authority.

Daily Record

Rangers hit with fine for price fixing merchandise as club and sports stores rack up £2m sanction

The Competition and Markets Authority have concluded their investigation into the club, JD Sports and Elite Sports.

Daily Record

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Which? wants probe into printer ink which can cost 'seven times more than Dom Perignon champagne'

Consumer champion Which? wants the Competition and Markets Authority to look into the price of branded inks and the use of "dynamic security".

Wales Online

Blow to Microsoft as takeover of Call of Duty maker Activision faces watchdog investigation

The Competition and Markets Authority said it feared the deal would damage the video games market

Evening Standard

Asos, Boohoo and George at Asda investigated over eco-friendly claims

UK regulator will scrutinise brands to discover whether sustainability claims constitute greenwashing

The Guardian - UK

Competition watchdog announces 'cartel' probe into TV sports broadcasters

Competition and Markets Authority claimed it has “reasonable grounds” to suspect BT, ITV, Sky and IMG Media might have broken competition rules

Wales Online

Reason behind record petrol and diesel costs is finally explained

A review by the Competition and Markets Authority has taken place

Wales Online

Microsoft's Blizzard Activision bid faces UK antitrust probe

Microsoft’s purchase of video game publisher Activision Blizzard faces antitrust scrutiny in the U.K., where competition regulators say they’ve opened an initial inquiry into the $69 billion deal

The Independent UK

Boots £5bn sale abandoned; Heathrow landing fees to fall; petrol at new record – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Wales Online

Government declines to say whether people will get any more help on cost of living

It comes after Boris Johnson said people were looking to the Government to do more

The Guardian - UK

Fuel retailers accused of profiteering as UK petrol prices hit record

Petrol reached new high of 191.05p a litre on Sunday, further fuelling cost of living crisis

Chronicle Live

Fuel retailers accused of not passing on petrol price drop quick enough to motorists

The RAC claimed significant drop in wholesale petrol costs meant companies had 'clear opportunity' to stop continuously hiking pump prices

Wales Online

Tesco petrol station selling fuel for 52.95p a litre - sadly, it's just a toy

In real life, petrol has hit an average of 191.1p a litre

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Wales Online

Retailers accused of 'protecting profits' as petrol reaches new high despite wholesale fall

It's been called 'rocket and feather pricing'

Evening Standard

Demolition contracts were ‘rigged’ through ‘illegal cartel agreements’

Competition and Markets Authority uncovers ten construction firms colluded in practice

Benzinga

Athleisure Retailer JD Sports Undergoes Corporate Governance Rejig As Planned

JD Sports Fashion PLC (OTC:JDSPY) appointed Helen Ashton as the interim Non-Executive Chair and Kath Smith, senior independent director, as interim CEO as Peter Cowgill departed on May 25. The athleisure retailer previously disclosed corporate governance rejig involving the split the role of CEO and Chair and conducting a search for CEO and…

Daily Mirror

Competition watchdog called in to urgently review fuel market over 'predatory pricing'

Business Secretary Kwasi Kwarteng has written to the Competition and Markets Authority, who will probe the industry following concerns drivers aren’t getting a fair deal

Daily Mirror

Apple and Google's 'stranglehold' in UK limiting Brits' mobile phone choices - watchdog

Apple and Google have been criticised by The UK’s Competition and Markets Authority for pushing their own services to users and edging out competition in the market

The Guardian - UK

Apple and Google’s mobile browser ‘stranglehold’ may face UK investigation

‘Effective duopoly’ holds back Britain’s tech sector and restricts customer choice, says CMA

The National (Scotland)

Dave King responds to CMA Rangers probe over Ibrox kit sales after 'cartel' allegations

DAVE KING is '100 per cent certain' that Rangers will be cleared of any wrongdoing after the Competition and Markets Authority released their report…

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