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The Latest Breaking News from CMA

UK tech regulator to get new powers in bid to boost competition, minister says

But it remains unclear when exactly the changes will come into force, as the DCMS says the necessary legislation will be introduced ‘in due course’.

The Independent UK

Morrisons announce huge changes to its petrol stations affecting drivers

Private equity firm Clayton, Dubilier & Rice (CD&R) has bought the retail giant

Liverpool Echo

Morrisons owner offers to sell 87 petrol stations to clear £7bn takeover

US private equity group Clayton, Dubilier & Rice is seeking approval for deal from competition regulator

The Guardian - UK

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Morrisons' new owner set to sell dozens of petrol stations

Moves come ahead of £7 billion takeover of the supermarket group

Wales Online

One of the biggest M&A deals in Northern Ireland history falls through

Canadian company Ritchie Bros has pulled out of the deal after the UK competition authority stepped in

Birmingham Post

Individual Investors Doubled in Saudi Financial Markets

Recent official data revealed that over 4.7 million subscribers per capita are active in the proposals of financial markets in Saudi Arabia, according to the 2021 annual report of the Saudi Capital Market Authority (CMA). The annual report stated that the number of individual investors in IPOs jumped 4.7 times,…

Asharq Al-Awsat

Meta Fights to Overturn UK Order to Sell Giphy

Facebook owner Meta started its appeal on Monday against Britain's ruling that it must sell Giphy, arguing the fact that rival Snap offered far less to buy the animated-images provider undermined the rationale used to block the deal. Britain's Competition and Markets Authority (CMA) last year ordered Meta to sell…

Asharq Al-Awsat

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New rules coming into force to help homeowners save hundreds on their property bills

It is the first step in the government's plan to create a fairer housing system

Manchester Evening News

Why one of Wales' leading tech firms needs to come out of Chinese ownership

The UK Government needs to use legislation to intervene on the acquisition of Newport Wafer Fab by Nexperia

Wales Online

Paying for fake reviews on sites such as Amazon and Tripadvisor will become a crime

Under the new rules, websites that act as host to such reviews may also be criminally liable, unless they take “reasonable steps” to check the reviews are genuine

Daily Mirror

Consumer watchdog given more powers to protect people from fake reviews and subscription traps

The average UK household spends around £900 each year influenced by online reviews.

Daily Record

Why Boris Johnson needs to intervene on Chinese ownership of Newport Wafer Fab

The Newport-based chip maker can become a key player in the role of fast-charging electric vehicle charging points

Birmingham Post

A Mount Everest mystery cover-up?

Mark Synnott climbed Earth's highest peak to solve a mystery, but found another upon returning.

Salon

Morrisons' £7bn takeover set to see 100 petrol stations sold across the UK

Clayton, Dubilier and Rice, which also owns forecourt operator Motor Fuel Group (MFG), won over control of the Big Four grocer in October - but the competition watchdog said it could lead to higher prices

Daily Mirror

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Birmingham Post

Morrisons suitor hopes petrol station sale will ease takeover deal

Private equity group Clayton, Dubilier & Rice last year won the race to buy the Yorkshire-based supermarket chain but faces potential competition action

The Independent UK

CD&R proposes petrol stations sale to push through £7bn Morrisons takeover

Last month, the CMA warned that the takeover of Morrisons could lead to higher fuel prices in 121 locations across the UK.

Insider UK

HSBC breaches competition rules after admitting ‘bundling’ tactics

More than 200 predominantly Scottish customers were wrongly sold into additional accounts

The Guardian - UK

UK competition regulator raids Mitie offices in London

CMA examines emails from senior staff at outsourcer amid Home Office concerns over immigration centre contracts

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news in one place.

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Asharq Al-Awsat

Saudi Arabia Sees Growth in Entrepreneurs' Funds

Investment in Saudi Arabia has witnessed a qualitative leap in the stock market and a significant growth in entrepreneurs' funds, be it private or venture investment or startup funds, announced Chairman of the Capital Market Authority (CMA) Mohammed al-Kuwaiz. Speaking at a panel discussion at the Global Entrepreneurship Congress (GEC)…

Daily Mirror

Morrisons' £7bn takeover could push petrol prices up in 120 parts of UK warns watchdog

The Competition and Markets Authority has warned that the private equity firm Clayton, Dubilier & Rice’s £7billion takeover of Morrisons could lead to higher fuel prices in more than 120 locations

The Independent UK

Online shoppers warned to take care before they ‘drink and click’

Shoppers may be more vulnerable to misleading sales tactics when they are feeling distracted or tired, the Competition and Markets Authority said.

The Guardian - UK

Morrisons takeover could lead to higher fuel prices, watchdog warns

Competition and Markets Authority says deal could lead to higher costs for motorists in 121 areas of Britain

The Independent UK

Morrisons takeover could see prices rise at dozens of petrol stations – watchdog

The warning comes after a recent surge in the price of petrol and diesel.

Daily Mirror

Thousands more people freed from rip-off ground rents that left them unable to sell homes

The competition watchdog said 15 businesses have agreed to release 3,500 leaseholders from contracts which saw their ground rent double in price every 10 to 15 years

Insider UK

CMA raises competition concerns around £10m acquisition of Babcock's helicopter business

Regulator is welcoming further views before it makes a final decision on the deal in May

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