The Latest Breaking News from CMA

HSBC breaches competition rules after admitting ‘bundling’ tactics

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

Insider UK · Mar 31, 2022

UK competition regulator raids Mitie offices in London

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

The Guardian - UK · Mar 30, 2022

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)…

Asharq Al-Awsat · Mar 29, 2022

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

Daily Mirror · Mar 18, 2022

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

Insider UK · Mar 18, 2022

NortonLifeLock - Avast Deal Hits UK Antitrust Roadblock; Shares Dive

NortonLifeLock Inc's (NASDAQ:NLOK) $8.6 billion purchase of Avast PLC (OTC:AVTTY) (OTC:AVASF) hit a roadblock after Britain's antitrust regulator looked to launch a deeper investigation into the deal. NortonLifeLock in August proposed to acquire rival Avast in a cash-and-stock cyber deal to create a leader in consumer security software. Britain's Competition and Markets Authority (CMA) said the deal…

Benzinga · Mar 16, 2022

Greenwashing UK fashion firms to be named and shamed by watchdog

Crackdown on sweeping eco-friendly claims hoped to boost faith in genuine sustainable products

The Guardian - UK · Mar 11, 2022

UK has ‘sleepwalked’ into dysfunctional children’s social care market, says regulator

CMA finds local authorities are being forced to pay excessive fees for substandard privately run services

The Guardian - UK · Mar 10, 2022

Competition watchdog clears Pennon's merger with Bristol Water

Bristol customers promised lower bills and membership of Pennon's share scheme after CMA approved £425m takeover

Birmingham Post · Mar 8, 2022

Competition watchdog probes Mitie over immigration centre contracts

The CMA said it is considering whether competition law has been breached over a procurement process for immigration removal centre contracts.

The Independent UK · Mar 4, 2022