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The Latest Breaking News from CMA

Backlash as Kellogg’s boss says poor families should consider ‘cereal for dinner’

Gary Pilnick says people struggling with rising food costs should opt for ‘much more affordable’ alternative

Evening Standard

Homeowners can face high and unclear estate management charges, says watchdog

The Competition and Markets Authority raised concerns about charges for the management of facilities such as roads, drainage, and green spaces.

Evening Standard

FTSE 100 Live 26 February: Index closes down 0.3%, S&P slips from record high

Smith & Nephew, speciality chemicals firm Croda International and asset manager Abrdn are among the major companies with results out today.

Evening Standard

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read the most diverse news in one place.

Competition watchdog accuses UK’s top housebuilders of ‘sharing commercially sensitive information’

The Competition and Markets Authority (CMA) also called for a “streamlined” planning system and greater consumer protections

Evening Standard

Housebuilder shares fall as competition watchdog opens investigation; UK retail sales slump eases – as it happened

The CMA has opened an investigation into eight housebuilders following evidence they may be sharing commercially sensitive information.

The Guardian - UK

UK infant formula at ‘historically high’ prices, says watchdog

Competition and Markets Authority launches full-scale investigation after finding costs have risen

The Guardian - UK

Barratt’s £2.5bn takeover of Redrow makes sense … for Barratt

CMA should have a good poke around the rafters of a deal whose promises on housing supply are ‘gloriously loose’

The Guardian - UK

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Telegraph could become ‘PR arm’ of UAE after proposed takeover, MPs warned

UAE-backed deal could be disastrous for UK government and freedom of press, opponents say

The Guardian - UK

Buying bigger packs may not get best deal in UK supermarkets, says watchdog

Stores should make pricing for each unit clearer, says Competition and Markets Authority

The Guardian - UK

Healthy competition is good for keeping wages up, as well as prices down

The spotlight is rightly falling on the power of businesses with few competitors to exploit employees

The Guardian - UK

Telegraph takeover decision put back by fresh inquiry into Barclay family’s UAE-backed deal

Regulators’ reports on public interest risk now due on 11 March after late change in consortium’s structure prompts further review

The Guardian - UK

UK regulator launches investigation into Vodafone-Three merger

CMA will assess impact proposed deal could have on competition for consumers and businesses

The Guardian - UK

CMA launches investigation into Vodafone-Three merger

The UK competition regular has begun a formal investigation into the blockbuster merger between telecoms giants Vodafone and Three.

Evening Standard

Mali’s military rulers scrap peace deal with separatist rebels

Military leaders say Algiers Accord cancelled with ‘immediate effect’ due to signatories not upholding commitments.

Al Jazeera

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The Guardian - UK

UK says Emirates-backed stake in Vodafone poses national security risk

UAE firm’s increased investment prompts Cabinet Office order for security panel at telecoms company

The Guardian - UK

Telegraph takeover: UK government intends to order new investigation into deal

Move follows last-minute change in corporate structure of Barclay family’s UAE-backed consortium

Windows Central

Embracer Group is showcasing the dangers of irresponsible consolidation

Embracer Group has repeatedly closed studios and laid off employees since it fell on hard times in May of 2023.

Evening Standard

Google to open new $1 billion UK data centre amid heightened scrutiny of cloud market

Google has unveiled plans for a $1 billion UK data centre as it ramps up its capacity to deliver more cloud and AI services to customers.

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news in one place.

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StockNews.com

Should You Buy Into Comerica (CMA) and Huntington Bancshares (HBAN) Before Earnings Reports Hit?

The banking industry has regained its footing after the major regional bank collapses, but it is still exposed to several risks. As banks Comerica (CMA) and Huntington Bancshares (HBAN) are set to release their fourth-quarter results this Friday, let’s determine if you should buy these stocks ahead of earnings. Read…

International Business Times UK

Major UK Supermarkets Slash Prices on Aptamil Baby Formula Amidst CMA Investigation

This move follows similar initiatives by Sainsbury's and Iceland to address concerns about the vulnerability of formula products to price shocks.

The Guardian - UK

UK fuel retailers to be forced to share prices within half hour of any changes

Petrol station owners will have to provide near-live data amid concerns drivers are being ripped off

The Guardian - UK

Danone to cut 7% off wholesale price of powdered Aptamil baby formula

An investigation by the UK’s competition watchdog found the company had raised prices by 25% in two years

Radio France Internationale

French shipping company denies attack by Yemeni Houthis in Red Sea

The French shipping company CMA CGM said one of its container ships in the Red Sea was unharmed after Yemen’s Houthis claimed on Wednesday to have targeted it, as part of its ongoing attack of commercial shipping vessels it considers to be doing business with Israel.

TechRadar

Microsoft president Brad Smith softens stance on the CMA, describing them as ‘fair’ following Activision Blizzard acquisition

Microsoft president Brad Smith has adopted a more positive view of the CMA after the completion of the Activision Blizzard deal.

International Business Times UK

Microsoft President Does A 180 On UK Regulators After Initial Clash Over Activision Deal

The CMA was notoriously stubborn about allowing Microsoft's acquisition of Activision Blizzard, forcing the tech giant to restructure its deal.

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