The Competition & Markets Authority (CMA) has closed its investigation into Barratt Development’s acquisition of Redrow, paving the way for the £2.5 billion merger.
Cma
A proposed £2.5 billion merger between UK housebuilders Barratt Developments and Redrow looks set to go ahead despite concerns from the competition regulator.
Four major UK banks, HSBC, Lloyds, TSB, and AIB, are under scrutiny by the Competition and Markets Authority (CMA) for breaching a 2017 order designed to ensure fair competition in the retail banking sector. The order mandates accurate information on products and services, including interest rates a
The Competition and Markets Authority (CMA) has approved Nationwide Building Society's £2.9 billion acquisition of Virgin Money UK.
The Competition and Markets Authority (CMA) has opened an investigation into the proposed £2.5 billion acquisition of Redrow by Barratt Developments.
The Competition and Markets Authority (CMA) has welcomed legislation intended to enhance its ability to promote competition and protect consumers, including new powers for its Digital Markets Unit. The Digital Markets, Competition and Consumers Bill aims to promote growth in the UK economy by e
Private conversations held between executives and their employees in connection to collusion on price fixing of Rangers FC merchandise have been published by the Competition and Markets Authority (CMA). In September the regulator handed out fines of £1.49 million, £459,000 and &poun
Barclays will make payments of around £1 million to over 1,000 affected customers, after the Competition and Markets Authority (CMA) found that the bank breached the Payment Protection Insurance Market Investigation Order 2011.
Open Banking Limited (OBL) has announced that Charlotte Crosswell, chair and trustee of the Open Banking Implementation Entity (OBIE), will step down from her role on 31 January 2023. Ms Crosswell has overseen and delivered significant governance, culture and management changes at the OBIE during he
The Competition and Markets Authority (CMA) has provisionally approved the deal proposed by Morrisons to acquire McColl's stores. In July 2022, the CMA launched its investigation into Morrisons reported £190 million purchase of stores owned by McColl’s Retail Group Plc.
The Competition and Markets Authority (CMA) has fined Elite Sports, JD Sports and Rangers FC for a total of more than £2 million for colluding on price fixing of Rangers FC merchandise. The CMA found that Elite Sports and JD Sports broke competition law by fixing the retail prices of a nu
NatWest has been ordered to refund £600,000 to over 700 of business customers who were wrongfully charged fees to secure a loan.
The Competition and Markets Authority (CMA) has released the annual surveys of the UK's banks showing how well customers are being looked after. The surveys are independently conducted by Ipsos MORI (for personal accounts) and BVA BDRC (for business accounts) using a sample of thousands of individua
The Competition and Markets Authority (CMA) has ordered Monzo to comply with banking rules. This latest action by the CMA comes after Monzo breached the Retail Banking Market Investigation Order between May 2021 and March 2022.
£70 million in fines for Pfizer and Flynn have been announced by the Competition and Markets Authority (CMA). The fines are the result of an in-depth investigation carried out by the CMA, which found that Pfizer and Flynn charged unfairly high prices for phenytoin sodium capsules for over 4 ye