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The Latest Breaking News from CMA

JD Sports and Footasylum fined almost £5m over breaching merger rules

The competition watchdog also accused the firms of deleting records related to meetings between the firms but JD fiercely refuted the claim.

The Independent UK

JD Sports and Footasylum fined almost £5 million for breaching rules

"There is a black hole when it comes to the meetings held between Footasylum and JD Sports."

Wales Online

JD Sports and Footasylum fined almost £5m for breaking CMA order

JD Sports has previously been order to sell Footasylum over competition concerns

Birmingham Post

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Sony’s takeover of Awal provisionally cleared by UK regulator

CMA decides acquisition of artist service company won’t significantly affect competition

The Guardian - UK

Competition watchdog accepts Google’s privacy changes

The Competition and Markets Authority (CMA) will oversee changes to the removal of third-party cookies from Google’s Chrome browser.

The Independent UK

New campaign aims to help online shoppers spot subscription traps and dodgy selling tactics

The CMA found that seven out of 10 people have experienced potential rip-offs online.

Daily Record

Meta Agrees To Pay $2M Penalty To British Regulator

Britain's Competition and Markets Authority penalized Meta Platforms Inc (NASDAQ:FB) £1.5 million ($2 million) over new issues regarding its purchase of Giphy, Reuters reports. The CMA ordered Meta to sell animated images platform Giphy, which Mark Zuckerberg-led Facebook had acquired for a reported $400 million in May 2020, after concluding that remedies offered…

Benzinga

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Meta fined by UK watchdog again over enforcement order breaches

Facebook's parent company has been told to pay a £1.5m fine for failing to alert the Competition and Markets Authority of a personnel change

Wales Online

Meta fined for second time by watchdog for enforcement order breaches

The fine relates to enforcement orders linked to the Competition and Markets Authority’s investigation into Meta’s proposed takeover of Giphy.

The Independent UK

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

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

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Edinburgh Live

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.

Nottingham Post

Tesco Bank motor insurance refund for thousands of customers

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

Wales Online

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

The Independent UK

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.

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The Guardian - 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 Independent 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’.

Asharq Al-Awsat

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…

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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