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The Latest Breaking News from the Competition and Markets Authority

Competition watchdog probes complaints over sudden heating oil price hikes

The Competition and Markets Authority (CMA) said it had kicked off a review after receiving ‘troubling reports’ from customers.

Evening Standard

‘Troubling reports’ of sudden heating oil price hikes and cancelled orders across UK

Chancellor Rachel Reeves said she was working with the watchdog to tackle ‘any price gouging’

The Independent UK

MP warns of ‘blatant profiteering’ among home heating oil suppliers

Sudden volatility in the global oil trade due to Middle East disruption has caused prices to immediately soar.

Evening Standard

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Rachel Reeves warns using public money to tackle soaring oil prices ‘not the solution’

The Chancellor also warned that petrol stations ‘price gouging’ will ‘not be tolerated’

The Independent UK

Competition watchdog warns suppliers over soaring heating oil costs

Sudden volatility in the global oil trade has caused prices to spike by up to £100 in the past week alone.

Evening Standard

Nandy intends to refer Daily Mail’s Telegraph takeover to regulators

Culture secretary ‘minded to’ intervene and ask Ofcom and CMA whether the £500m deal harms media plurality

The Guardian - UK

Fuel retailers ramping up profit margins amid ‘weak’ competition – CMA

The Competition and Markets Authority found that fuel retailer profit margins remain ‘persistently high’ and unexplained.

Evening Standard

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We must find out why businesses pay too much for their energy – and soon

A previous investigation in 2016 found that a lack of competition in the supply of energy to SMEs meant their bills were 18% too high.

Evening Standard

CMA’s online pricing investigations – the firms involved

The Competition and Markets Authority said it was aiming to ensure firms ‘do the right thing by their customers’.

Evening Standard

Watchdog launches investigation into eight firms including Wayfair over online pricing

The Competition and Markets Authority (CMA) said the cases were the first launched

The Independent UK

Greencore’s Bakkavor takeover faces competition concerns over supermarket sauces

It came as the Competition and Markets Authority (CMA) concluded an initial phase one investigation into the £1.2 billion deal.

Evening Standard

Google and Apple may be forced to change app stores after watchdog’s ruling

The two tech giants currently dominate the market

The Independent UK

Apple and Google may face action over mobile phone dominance, says UK watchdog

The Competition and Markets Authority said the two tech giants had substantial and entrenched market power with their platforms.

Evening Standard

Water bills: millions of households in England could face even bigger rises

CMA poised to give verdict after appeal by five firms for permission to increase bills higher than allowed by Ofwat

The Guardian - UK

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The Independent UK

Fuel retailers’ high price margins are ‘deeply concerning’, regulator says

The Competition and Markets Authority found supermarkets’ fuel margins ranged from 8.0-9.1% in the three months to the end of June.

Evening Standard

Spreadex eliminated its ‘only competitor’ with Sporting Index deal, CMA says

The Competition and Markets Authority (CMA) said Spreadex must sell Sporting Index following a fresh review of the deal.

The Independent UK

Unite Group’s £723m takeover of rival Empiric faces scrutiny by watchdog

The Competition and Markets Authority said it was gathering information on the planned acquisition of the student landlord.

Evening Standard

Digital challengers top banking customer satisfaction surveys

The results, which saw providers including Monzo, Starling, Chase and Mettle placed highly, are published by the Competition and Markets Authority.

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Evening Standard

Housebuilders’ £100m offer after probe ‘definitely looks dodgy’, Parliament told

The firms have said the offer of voluntary commitments does not mean they admit any wrongdoing.

Evening Standard

Competition watchdog puts Greencore’s £1.2bn swoop for Bakkavor under microscope

The Competition and Markets Authority said it was looking at possible competition concerns over the food-to-go mega deal.

The National (Scotland)

Anas Sarwar calls for investigation into 'exploitative' Scottish youth football rules

Scottish Labour leader Anas Sarwar has called for an investigation into “exploitative practices” in Scottish youth football.

Evening Standard

Apple and Google browser dominance harming consumer choice, says watchdog

The Competition and Markets Authority said the tech giants’ duopoly was ‘not working well, and this is holding back innovation’.

Evening Standard

Co-op admits unlawful land deals blocking rival supermarkets

The Competition and Markets Authority said it was concerned by the ‘very large number of breaches’ by the supermarket chain.

Evening Standard

Thames Water among six water firms urging watchdog for higher bill increases

Thames Water urged regulators to allow them to raise customers bills hours after a High Court judge approved a £3 billion loan to the firm.

The Guardian - UK

‘We must avoid a chilling effect’: the CMA chief on the UK’s pro-growth shift

Sarah Cardell says role of competition regulator remains the same but it must be wary of perceptions

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