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The Latest Breaking News from CMA

Martin Lewis charity to be given new special powers

If the charity takes forward a super complaint, the CMA has to respond within 90 days

The Independent UK

Martin Lewis’s charity will have powers to make ‘super complaints’

The Money and Mental Health Policy Institute has been recommended for the status by the Department for Business and Trade.

Evening Standard

UK regulator fines four banks £100m over traders’ sharing of information

HSBC, Citi and Morgan Stanley among five banks CMA investigated for competition law breaches between 2009 and 2013

The Guardian - UK

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Banks fined £100m after traders shared sensitive information in chat rooms

For four years after the financial crisis bank staff were sharing information about the Government debt they were buying and selling, regulators said.

Evening Standard

Four banks fined £100m over chat room messages

HSBC, Citi, Royal Bank of Canada and Morgan Stanley were all fined, while Deutsche Bank received immunity for reporting its conduct to authorities

The Independent UK

Four major City banks fined more than £100 million by watchdog

CMA investigation found that traders were sharing information about the gilts market in chat rooms

Evening Standard

Best and Worst Banks Revealed – And Lloyds and NatWest Didn’t Make the Cut

The Competition and Markets Authority (CMA) has released its latest survey rankings, spotlighting the banks that are excelling and those that are falling short.

The Fashion Central

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Five water companies appeal against Ofwat’s curb on bill rises

Anglian Water, Southern Water, Northumbrian Water, Wessex Water and South East Water ask regulator to refer its ruling to the CMA

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

The Guardian - UK

Chase overtakes Monzo as Britain’s favourite bank, survey shows

The Competition and Markets Authority (CMA) published the findings of its latest survey of some 23,000 people.

Evening Standard

Topps Tiles’ stores takeover could mean worse deals in four regions, CMA warns

The competition watchdog has warned that Topps could face a more thorough probe after its deal to buy 30 CTD stores last year.

The Independent UK

Thames Water launches appeal for permission to raise bills even higher

Struggling firm to appeal to competition watchdog to hike fees by more than Ofwat-approved 35% over next five years

The Guardian - UK

No 10 says Starmer and Trump spoke last night as minister calls for ‘clear thinking’ on tariff threat – as it happened

The PM and president discussed Starmer’s forthcoming visit to the US, No 10 said

The Guardian - UK

UK watchdog proposes sweeping changes for baby formula industry

Suggestions include standardised packaging in hospitals to tackle power of branding but CMA decides against price cap

The Guardian - UK

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Evening Standard

Parents could save £300 a year on baby formula amid high prices, says watchdog

Regulators said the NHS could have its own non-brand baby formula to help push prices down, while also calling for a removal of branding in hospitals.

The Independent UK

Parents could save up to £300 a year on baby formula

NHS non-brand formula and no branding in hospitals have been proposed to cut costs

The Guardian - UK

Does the government really know what it wants from the CMA?

Some directives such as ‘be more agile’ are meaningless, and what happens when the ‘pro-growth’ agenda collides with the ‘pro-competition’ one?

The Guardian - UK

Competition watchdog to speed up decisions after UK government pressure

Competition and Markets Authority announces plans for ‘step change’ after government calls for it to be less risk averse

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Evening Standard

CMA pledges to speed up decisions to support Government growth push

The CMA is among regulators which have faced demands from the Government to help its ambitions to accelerate economic growth.

The Guardian - UK

Tech firms, publishers and Which? raise fears over new boss at competition regulator

Exclusive: Appointment of ex-Amazon UK boss prompts group letter to chancellor airing fears over approach to big tech

Evening Standard

Ticketmaster refuses invitation to give evidence to Parliament

The Business and Trade Committee invited the company to an evidence session as it looks into fairer pricing approaches for gigs.

Bored Panda

50 Times People Found Comedy Gold In The Reviews That Works Better Than Advertisements

Writing witty things well is a wonderful skill to have! This is true in the Wild West world of online reviews as well. The post 50 Times People Found Comedy Gold In The Reviews That Works Better Than Advertisements first appeared on Bored Panda.

TechRadar

UK government says Microsoft and AWS unfairly dominate the cloud market

UK Competition and Markets Authority says Microsoft and AWS have an unfair dominance over the country's cloud market.

Evening Standard

Amazon and Microsoft ‘should face probe over cloud service competition concerns’

An independent inquiry report has told the UK’s competition watchdog to consider investigating AWS and Microsoft’s cloud services.

The Guardian - UK

New CMA chair will have to assess curbs on his former employer Amazon

Doug Gurr will lead board as watchdog rules on Microsoft and Amazon’s dominance of cloud computing market

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