Mandelson wins costs from MAG June 23, 2009 Business secretary Lord Mandelson has succeeded in a bid to reclaim legal costs from the Merger Action Group (MAG), which launched an unsuccessful legal bid to prevent the takeover of HBOS by Lloyds TSB. The Competition Appeal Tribunal (CAT) awarded the Department for Business Enterprise and Regulatory Reform (Berr), £35,000 in costs, but rejected a [...]
Tesco slams Competition Commission July 16, 2009 TESCO, Britain’s biggest retailer, yesterday hit back at plans by the Competition Commission to introduce a new test into the planning system to combat the dominance of big supermarket chains. Tesco supermarket director Lucy Neville-Rolfe said the move “will cost jobs by deterring investment in the areas that need it most, in what is already [...]
BSkyB ordered to pay out legal costs June 23, 2009 THE Competition Appeal Tribunal (CAT) has ordered BSkyB to pay the government and Competition Commission’s legal costs associated with the broadcaster’s appeal to keep its 17.9 per cent stake in ITV. BSkyB is fighting an ongoing battle to retain the stake, which it bought for £940m in 2006. The deal blocked a potential takeover of [...]
BAA: anti-trust ruling is biased October 19, 2009 A COMPETITION ruling forcing BAA to sell airports was “riven” with the appearance of bias, the airports group told an appeal hearing yesterday. BAA, majority owned by Spanish infrastructure company Ferrovial, was ordered in March to sell London’s Gatwick and Stansted, as well as either Edinburgh or Glasgow. BAA’s lawyer told the appeals tribunal that [...]