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The Latest Breaking News from CMA

Competition under threat as cloud giants selectively invest in startups, watchdog says

Dominating cloud companies are getting even more attention from the CMA, this time in the terms of artificial intelligence.

TechRadar

UK has real concerns about AI risks, says competition regulator

Concentration of power among just six big tech companies ‘could lead to winner takes all dynamics’

The Guardian - UK

Watchdog eyes sport spread betting merger for potential monopoly

Spreadex and Sporting Index are the only two licensed operators of sports spread betting in the UK.

Evening Standard

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

UK competition watchdog confirms Vodafone-Three merger requires further investigation

Vodafone-Three deal will now face "in-depth investigation" from UK CMA over competition fears.

TechRadar

Thames Water parent ‘owes two Chinese state-owned banks’ as debt downgraded – as it happened

Live, rolling coverage of business, economics and financial markets as Fitch downgrades debt of parent of water company, saying default is likely

The Guardian - UK

Comment: 'Is keeping ground rent for pension funds securing our future — or stealing it?'

The Leasehold Reform Bill looks set to let down people saving for their futures to protect the big pension funds

Evening Standard

Asda, Asos and Boohoo must avoid ‘greenwashing’ after crackdown

Retailers will have to file regular reports to UK regulator after concerns over environmental claims

The Guardian - UK

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UK Libor trader Tom Hayes loses appeal against rate-rigging conviction – as it happened

The former star UBS and Citigroup trader was convicted of conspiracy to defraud by manipulating financial benchmark and served 5 1/2 years in prison

The Guardian - UK

TechScape: Is the US calling time on Apple’s smartphone domination?

The tech giant fights regulators on both sides of the Atlantic, as the US government launches a grab-bag of accusations. Plus, Elon Musk’s bad day in court

The Guardian - UK

Vodafone has changed a lot since its past M&A successes

City Comment: The CMA's Vodafone probe is a test of the City’s deal-making confidence

Evening Standard

'We spent £10k on our cat in a month' – the London pet owners battling soaring vet bills

As government watchdogs launch an inquiry into the soaring prices of treatments and medicines charged by veterinary practices, Emma Loffhagen talks to pet owners being forced to pay staggering sums to save their beloved animals

Evening Standard

UK’s competition watchdog looks into Barratt’s £2.5bn Redrow takeover

CMA gathering information ahead of investigation to assess impact merger would have on competition

The Guardian - UK

The CMA should tackle the biggest threat to competition in the housing market: our planning system

City Comment: The CMA knows the planning system stifles competition but says it’s too complex to order changes. That’s a cop-out.

Evening Standard

Competition watchdog investigates £2.5 billion housebuilder merger

The CMA has opened an invitation to comment until 2 April

Evening Standard

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The Guardian - UK

Telegraph takeover: UK plans law to stop foreign ownership of newspapers

New legislation could thwart planned £600m purchase of media group by UAE-backed consortium

The Guardian - UK

Ground rent not legally or commercially necessary, says UK watchdog

CMA says government may have to step in to protect leaseholders, as thousands in England and Wales remain trapped in contracts

The Guardian - UK

Wednesday briefing: How ‘unprecedented’ vet costs have made pets almost unaffordable

In today’s newsletter: As a watchdog says it will investigate ‘unprecedented’ complaints about the cost of owning a pet, here’s how prices got out of control

The Guardian - UK

Vet practices: the competition watchdog is barking up a promising tree

Independent owners are declining fast in a sector now dominated by six big names and private equity

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The Guardian - UK

Telegraph and Spectator takeover: News Corp and Mail owner consider bids

Planned acquisition by UAE-backed RedBird IMI is being considered by the culture secretary

Evening Standard

Competition watchdog launches vet probe after ‘overpayment’ concerns

The CMA said it saw an ‘unprecedented response’ to its initial review

The Guardian - UK

UK watchdog plans formal investigation into vet pricing

Large chains could be squeezing out independent practices, says Competition and Markets Authority

The Guardian - UK

US inflation unexpectedly rises to 3.2% in February; UK unemployment climbs – as it happened

Stubborn US price growth suggests Federal Reserve won’t be in a rush to cut interest rates; UK wage growth slows more than expected while vacancies decline

Evening Standard

'Housebuilding is no longer an industry just for men': meet the women lobbying to save a troubled sector

A new campaign is taking aim at part of the property sector’s pressing image problem

Evening Standard

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.

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