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The Latest Breaking News from CMA

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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

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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

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.

Evening Standard

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 Independent 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

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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

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.

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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

TechRadar

The future of mobile browsers: time for a new model?

The secret deals shaping your mobile experience - and why they might end.

The Guardian - UK

Labour’s decision to muzzle regulators in the name of ‘growth’ will backfire horribly

The Competition and Markets Authority is the strongest line of defence against monopolies, so its change in leadership really matters, writes the journalist Nicholas Shaxson

International Business Times

Google Promises To Take 'Rigorous Steps' To Combat Fake Reviews

The company agreed to crack down on rogue reviewers and businesses that profit from bogus reviews.

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