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The Latest Breaking News from CMA

UK motorists still being overcharged for fuel, says watchdog

Lack of competition ‘failing consumers’, with drivers paying £1.6bn more than they should have in 2023

The Guardian - UK

Chief of staff to ex-Post Office chief Paula Vennells drafted email ‘to discourage investigating prosecutions’ - as it happened

Public inquiry hears Martin Edwards warned of ‘setting the hares running’ among board members as prospect of appeals against unsafe prosecutions of branch owner-operators loomed

The Guardian - UK

Four major banks breached rules to help keep customers informed

Lloyds, TSB and AIB have confirmed they are making changes and HSBC has been issued with directions, the Competition and Markets Authority said.

The Independent UK

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Microsoft hits back at cloud CMA charge, says it isn't raising customer costs unduly

Microsoft and other cloud parties respond to CMA investigation as it moves into next stage.

TechRadar

Warning as hotel booking sites offer different rates whether on laptops and mobiles

Travel expert warns people could miss out on ‘significant savings’

The Independent UK

US, UK, and EU finally come together to prevent AI monopoly (catastrophic market failure, not the game)

Everyone agrees an all-powerful AI run by one company would be a bad idea.

PC Gamer

Google's cookie plan crumbles after regulators and advertisers refuse to bite

Google wanted to stop supporting third-party cookies in Chrome, but industry and regulatory pushback killed the plan.

Fortune

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Google has changed its mind about dropping support for third-party cookies in Chrome, after years of trying to make it happen

Depending on who you listen to, this is either a brilliant decision or a truly horrible one.

PC Gamer

Google To Keep Third-Party Cookies Alive In Chrome Browser

Google retains third-party cookies in Chrome, plans new cookie management feature to empower user choices.

Top News

Wowcher customers told to watch for refund as £4m given back to 870,000 buyers

Customers have been encouraged to keep an eye out for possible refunds

The Independent UK

Nationwide gets green light for £2.9bn takeover of Virgin Money

Regulator the CMA finds deal will not substantially affect competition for mortgages and credit cards

The Guardian - UK

Microsoft deal with AI startup to be investigated by UK competition watchdog

CMA ‘has enough evidence’ to start full probe into tech giant’s hiring of Inflection’s top staff

The Guardian - UK

Trader recommendation websites must vet firms, says watchdog

CMA draft guidance says platforms must also tackle fake reviews and sanction rogue traders

The Guardian - UK

Earnings Preview: What to Expect From Comerica's Report

Comerica is expected to release its second-quarter earnings this month, and analysts project a double-digit profit dip.

Barchart

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Windows Central

Microsoft invests in the UK's north, set to build a gigantic 'hyperscale data center'

The north of England will see a sizeable investment by Microsoft in the form of a hyperscale data center southeast of Leeds.

Evening Standard

Vodafone strikes network pact with Virgin Media O2 as it closes in on Three merger

Vodafone’s blockbuster £15 billion merger with Three edged a step closer to completion today after the telecoms giant signed a fresh network deal with its biggest British rival, Virgin Media O2. The pact, which is set to last for more than a decade, extends the two firms’ existing network sharing…

Evening Standard

Ticket touts clampdown promised by Lib Dems as Taylor Swift Wembley shows resell for £7,000

Tickets for Taylor Swift’s Eras shows in London are selling for over £7,000

TechRadar

UK regulator set to probe HPE’s $14bn Juniper Networks acquisition

UK CMA launches early investigation into HPE’s planned acquisition of Juniper Networks over competition concerns.

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news in one place.

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TechRadar

UK retailers launch £1bn claim against Amazon for data misuse

British sellers are unhappy with how Amazon is using their data and prioritizing its own in-house sales.

The Guardian - UK

Wash and grow: how the right payment platform helped a laundry service to innovate

When Katy Mitchell took over ownership of Washstation, her first job was to modernise the business. And when she brought a new provider on board to handle its payments, she found a willing partner for creative growth

Broadcasting & Cable

ABC To Air ‘CMA Fest’ Concert Special June 25

Show to be hosted by Jelly Roll, Ashley McBryde

Evening Standard

Nationwide faces competition inquiry over Virgin Money deal

Nationwide Building Society’s controversial £2.9 billion takeover of Virgin Money hit a potentially serious hiccup today when the Competition and Markets Authority launched a probe into the deal.

The Independent UK

Watchdog launches investigation into Nationwide’s Virgin Money takeover

The CMA said it is considering whether the deal could ‘result in a substantial lessening of competition’ within the UK market.

The Guardian - UK

Eurozone inflation jumps to 2.6%; UK house prices rebound; US PCE index lifts rate cut hopes – as it happened

Rolling coverage of the latest economic and financial news

TechRadar

AWS and Microsoft are dominating the UK cloud market — and that could be a problem for both of them

New research from the UK’s competition watchdog suggest AWS and Microsoft are in contest, while other cloud storage companies are flagging.

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