The Latest Breaking News from Competition and Markets Authority

Demolition contracts were ‘rigged’ through ‘illegal cartel agreements’

Competition and Markets Authority uncovers ten construction firms colluded in practice

Evening Standard · Jun 24, 2022

Athleisure Retailer JD Sports Undergoes Corporate Governance Rejig As Planned

JD Sports Fashion PLC (OTC:JDSPY) appointed Helen Ashton as the interim Non-Executive Chair and Kath Smith, senior independent director, as interim CEO as Peter Cowgill departed on May 25. The athleisure retailer previously disclosed corporate governance rejig involving the split the role of CEO and Chair and conducting a search for CEO and…

Benzinga · Jun 22, 2022

Competition watchdog called in to urgently review fuel market over 'predatory pricing'

Business Secretary Kwasi Kwarteng has written to the Competition and Markets Authority, who will probe the industry following concerns drivers aren’t getting a fair deal

Daily Mirror · Jun 11, 2022

JD Sports faces £2m fine for price-fixing of football kits

JD Sports is set be fined up to £2 million by the Competition and Markets Authority over price-fixing of Rangers replica kits.

Evening Standard · Jun 7, 2022

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…

Benzinga · Jun 1, 2022

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…

Benzinga · May 26, 2022

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).

Evening Standard · May 25, 2022

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 · Apr 8, 2022

Drivers warned as petrol prices could rise following Morrisons takeover

Drivers are being warned that despite the 5p fuel duty cut, petrol prices could rise again as supermarket giant Morrisons are being taken over by a private firm - adding a knock on affect to petrol prices.

Edinburgh Live · Mar 25, 2022

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

Daily Mirror · Mar 25, 2022