Tribunal upholds £84m CMA fine for firm that hiked drug prices August 8, 2023 The companies behind a drug whose price was hiked from £20 to £248 per pack in just eight years will be fined a combined £84 million after a tribunal upheld the competition watchdog’s decision. The Competition Appeal Tribunal on Tuesday had endorsed “all the main elements” of the Competition and Markets Authority’s decision, the CMA [...]
CMA to probe if ‘failure in competition’ is seeing consumers overcharged for food and fuel May 15, 2023 The Competition and Markets Authority (CMA) today announced it will investigate whether a “failure in competition” is seeing consumers overcharged for groceries and fuel. The watchdog said it would be stepping up its work in the grocery sector to determine whether a “failure in competition is contributing to grocery prices being higher than they would [...]
Sharp cut in fuel prices after retailers given ‘good prod’ by regulator CMA November 25, 2023 “It’s amazing what happens when the competition watchdog gives the fuel trade a good prod", a spokesperson for the AA said.
Supermarkets in focus of new CMA probe claiming loyalty schemes push up inflation November 29, 2023 It made the announcement following its latest findings from a two-year ongoing investigation of the groceries sector, and its impact on competition and inflationary pressures.
CMA aims for decision on £55bn Microsoft-Activision deal by 29 August July 31, 2023 The UK’s competition watchdog has opened up its inquiry into Microsoft’s Activision Blizzard deal for comments, as it aims for a final decision by Aug. 29 on a £55bn takeover it had previously blocked in April. The Competition and Markets Authority (CMA) also on Monday published Microsoft’s arguments explaining why the deal should be re-evaluated, as the [...]
Figma: Firm’s boss defends Adobe takeover as CMA probes £16bn deal October 10, 2023 The boss of Figma has sought to defend Adobe's takeover of the design platform as the UK's Competition and Markets Authority (CMA) probes the deal.
CMA outlines next steps for Microsoft and Activision as firms work to clear deal July 12, 2023 Microsoft and Activsion would have to present a new revised deal to the UK’s competition authority if it is to reconsider the multi-billion pound takeover deal, the agency said today. “While the merging parties do not have the opportunity to submit new solutions once a final report has been issued, they can choose to restructure [...]
Heathrow: CMA tells aviation regulator to look at price cap again as row rumbles on October 17, 2023 The UK competition watchdog has largely upheld a ruling forcing Heathrow to slash the amount it charges airlines for using the airport.
CMA probe throws £16bn Adobe and Figma tie-up into doubt June 30, 2023 The UK’s competition watchdog has said it may move to block Adobe’s acquisition of design platform Figma unless they can resolve anti-trust concerns. In a summary of the decision, the Competition and Markets Authority (CMA) said the merger of the two companies gives rise to “a realistic prospect of a substantial lessening of competition”. Leading [...]
CMA could put Hotpoint-Beko tie-up on ice over competition concerns September 28, 2023 A planned tie-up between the electrical and white goods giants behind Hotpoint and Beko in Europe could reduce choice and increase prices for UK consumers, Britain’s competition watchdog has warned. The Competition and Markets Authority (CMA) said it found competition concerns surrounding Turkish firm Arcelik’s takeover of Whirlpool’s European domestic appliances business. The regulator said [...]