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The Latest Breaking News from CMA

Rangers FC, JD Sports and Elite Sports may have 'illegally fixed prices of merchandise', watchdog rules

The Competition and Markets Authority said they are "concerned" that Elite, JD Sports and Rangers FC "colluded to keep prices high, so that the two retailers could pocket more money for themselves at the expense of fans."

Watchdog finds price-fixing of Rangers FC replica shirts

Watchdog finds price-fixing of Rangers FC replica shirts

RANGERS FC, JD Sports and sporting goods firm Elite Sports have been provisionally found by the UK competition watchdog to have conspired to fix…

The National (Scotland)

JD Sports admits to 'cartel activity' with Elite Sports by price-fixing Rangers replica kits

JD Sports admits to 'cartel activity' with Elite Sports by price-fixing Rangers replica kits

Both companies applied for leniency during the CMA’s investigation

Manchester Evening News

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JD Sports, Elite and Rangers fixed prices of replica shirts, says CMA

Retailers and club could face fines after watchdog finds they broke competition law

The Guardian - UK

JD Sports and Elite Sports confess to 'cartel activity' in Rangers kit price-fixing probe

Regulator releases provisional conclusions, and if confirmed, the companies involved 'can expect to face fines'

JD Sports and Elite Sports confess to 'cartel activity' in Rangers FC replica kit price-fixing probe

The CMA has released its provisional conclusions and if confirmed, the companies involved 'can expect to face fines'

Birmingham Post

Riding for the Son: Inside a Christian motorcycle club

Photographer Kim Ludbrook captures life in one of South Africa’s religious biker clubs

The Independent UK

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Confederate flags are banned from CMA country music festival, officials announce

One of the biggest country music festivals has put its boot down: No more Confederate flags.

Tribune News Service

Short Volatility Alert: Comerica Incorporated

Short Volatility Alert: Comerica Incorporated

On Tuesday, shares of Comerica Incorporated (NYSE: CMA) experienced volatile short activity. After the activity, the stock price went up +0.46% to $83.21. The overall sentiment for CMA has been Bearish.

BT-Warner Bros Discovery Sports Deal Invites UK Antitrust Inspection

BT-Warner Bros Discovery Sports Deal Invites UK Antitrust Inspection

BT Group Plc's (OTC:BTGOF) £633 million ($797 million) sports TV joint venture with Warner Bros Discovery, Inc (NASDAQ:WBD) is subject to antitrust scrutiny from the U.K.'s competition watchdog, Bloomberg reports. The Competition and Markets Authority enquired whether the transaction could raise competition concerns. Accordingly, CMA will decide whether to move to an in-depth probe…

Regulator unwinds Babcock/CHC helicopter deal over competition concerns

Regulator unwinds Babcock/CHC helicopter deal over competition concerns

The Canadian company must now sell the business it bought for £10m

Canadian Pacific Inks Multi-Year Deal With CMA CGM

Canadian Pacific Inks Multi-Year Deal With CMA CGM

Canadian Pacific Railway Ltd (NYSE: CP) (TSX: CP) established

McColl's rescue deal by Morrisons investigated by competitions watchdog

McColl's rescue deal by Morrisons investigated by competitions watchdog

The CMA has opened an investigation into Morrison's recent takeover of the stricken convenience store chain

Birmingham Post

UK regulator warns takeover of Jus-Rol could push up pastry prices

UK regulator warns takeover of Jus-Rol could push up pastry prices

CMA asks dough brand and French buyer Cérélia to also address its concerns about quality

The Guardian - UK

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Morning Brief: Top Financial Stories Dominating on Thursday, May 26

CNBC Two Major Tech Deals Come Under UK Government Scrutiny

Britain Competition Watchdog Launches Second Probe On Google

Britain's competition regulator launched its second probe into the advertising practices of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google for allegedly distorting competition and illegally favoring its services, Reuters reports. The Competition and Markets Authority examined three critical parts of the ad tech stack chain, services that mediate ad tech since Google owned the largest…

Birmingham Post

JD Sports boss Peter Cowgill quits as executive chairman with immediate effect

A former CFO of ASOS will become interim non-executive chair

Evening Standard

JD Sports boss quits after £4.3 million CMA fine

The Executive Chairman of JD Sports has quit the company after it was fined £4.3 million by the Competition and Markets Authority (CMA).

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The Independent UK

UK forced to bridge data gap after losing full access to EU food alerts – report

Regulators say loss of data sharing arrangements after Brexit has negatively impacted their ability to carry out their work, the NAO has warned.

The Independent UK

More powers for tech regulator to boost competition proposed

The draft Digital Markets, Competition and Consumer Bill would give more power to the Digital Markets Unit to curb the largest tech firms.

The Guardian - UK

UK watchdog will have power to impose huge fines on big tech firms

According to the government, Digital Markets Unit will protect small businesses and consumers

The Independent UK

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’.

Morrisons announce huge changes to its petrol stations affecting drivers

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

The Guardian - UK

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

Morrisons' new owner set to sell dozens of petrol stations

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

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