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The Latest Breaking News from Competition and Markets Authority

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

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

Online shoppers warned to take care before they ‘drink and click’

Shoppers may be more vulnerable to misleading sales tactics when they are feeling distracted or tired, the Competition and Markets Authority said.

The Independent UK

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Morrisons takeover could lead to higher fuel prices, watchdog warns

Competition and Markets Authority says deal could lead to higher costs for motorists in 121 areas of Britain

The Guardian - UK

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

EU, UK Launches Antitrust Investigations On Google, Meta

EU and U.K. antitrust regulators launched parallel investigations into Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Facebook parent Meta Platforms Inc (NASDAQ:FB) over a 2018 ad deal, CNBC reports. The European Commission and the U.K.’s Competition and Markets Authority investigated whether the pact between the two tech giants dubbed “Jedi Blue” squeezed competitors out of…

Benzinga

Buyer of Three network owner to sell 1,000 mobile towers to allay price fears

Competition and Markets Authority said £8.6 billion European deal for CK Hutchison will only be allowed if it sells off parts of the network in UK.

The Independent UK

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Teletext Holidays broke consumer law over pandemic refund delays, court rules

The legal action was launched by the Competition and Markets Authority.

The Independent 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

Online shoppers to receive help to spot rip-offs

The Competition and Markets Authority has launched a campaign to highlight misleading practices

Wales Online

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

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

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

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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 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.

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