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The Latest Breaking News from CMA

No 10 implicitly rebukes Bank of England chief over wage restraint call, amid unions anger – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Private equity group Cinven hit with third fine for NHS price gouging

Private equity group Cinven has been hit with a third fine linked to price gouging on drugs sold to the NHS.

Evening Standard

Five firms fined £35m for driving up price of NHS drug from £6.49 to £51.68

The companies and private equity groups colluded to restrict the price of the vital medication, increasing its price by 700%

Wales Online

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CMA, activists call on Canada to speed vaccine access globally to stop new variants

OTTAWA — The Canadian Medical Association and a group of domestic and international activists are calling on the federal government to do more to boost COVID-19 vaccination efforts in less developed countries in order to end the pandemic.

The Canadian Press

Tesco Bank to pay thousands of car insurance customers refunds after wide-spread policy error

More than 620 Tesco customers have chosen to take the refund so far.

Daily Record

Touts hammer Harry Styles gigs as real fans get left out in the cold for Ibrox gig

Campaigners slam UK authorities for allowing touts to sell tickets that may be cancelled by promoter

Daily Record

Tesco Bank customers issued urgent message after error that could put them in line for a refund

Tesco Bank has since apologised for the error that is said to have 'misled' customers. The bank is now writing to them and offering them to stay with the policy or get a refund.

Edinburgh Live

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Tesco Bank motor insurance refund for thousands of customers

Around 0.5% of customers who have been contacted have chosen to get a refund

Nottingham Post

Thousands of Tesco Bank customers in line for refund after error

The Competition and Markets Authority (CMA) said that the bank will now explain the situation to customer

Wales Online

Thousands could be in line for motor insurance refund from Tesco Bank

More than 120,000 customers were affected by a mistake from the lender.

The Independent UK

Watchdog calls for fines for influencers who fail to declare sponsorship

Competition and Markets Authority wants ‘deterrents’ for stars who do not say they are paid to promote products

The Guardian - UK

UK watchdog to study music streaming amid claims of raw deal for artists and fans

Competition regulator acts after stinging criticism by MPs of record labels and platforms such as Spotify

The Guardian - UK

Competition watchdog launches probe into music streaming market

The Competition and Markets Authority will be asking if the market is ‘working well for music lovers’.

The Independent UK

Microsoft Pledges Transparency in Xbox Subscriptions in Britain

Microsoft will begin offering more information to customers about how it automatically renews Xbox online gaming subscriptions in Britain, the UK's competition watchdog said on Wednesday. The Competition and Markets Authority (CMA) secured undertakings from Microsoft for the US tech giant to tell customers upfront about auto-renewals for Xbox Live…

Asharq Al-Awsat

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The Independent UK

Xbox to offer certain Live Gold and Game Pass subscribers refunds

The Competition and Markets Authority had raised concerns over subscription practices around its Xbox Live Gold and Game Pass services.

Wales Online

PCR test supplier forced to pay refunds - how you can get your money back

Test provider Dante Labs has been ordered to pay back clients who tried to cancel kits or if results arrived too late

Liverpool Echo

Royal Mail to axe 700 jobs in cost cutting drive

The firm is now consulting on the move, which will involve unions Unite, CMA and CWU

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