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The Latest Breaking News from CMA

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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CMA draft guidance says platforms must also tackle fake reviews and sanction rogue traders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

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.

Windows Central

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

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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

Evening Standard

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.

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.

TechRadar

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

The Guardian - UK

ABC To Air ‘CMA Fest’ Concert Special June 25

Show to be hosted by Jelly Roll, Ashley McBryde

Broadcasting & Cable

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.

Evening Standard

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 Independent UK

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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.

The Guardian - UK

‘No one needs their name near this’: the secret plot by touts to undermine Labour’s reforms

Attendees at Coalition for Ticket Fairness dinner stump up thousands for fighting fund – because they know their time might be up

The Guardian - UK

UK watchdog launches full investigation into vet fees for pet owners

Inquiry follows concern over rising treatment costs and could cap prescription fees or break up pet-care chains

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news in one place.

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The Guardian - UK

UK company growth slows in blow to Sunak; NatWest share sale threatened by general election – as it happened

Growth across British services firms has cooled noticeably this month in an early blow for PM Rishi Sunak’s election campaign.