Baby formula price cap could be considered by ministers, regulator says Politics The government could consider introducing a price cap on baby formula with the aim of cutting costs for parents, the Competition and Markets Authority (CMA) has said. Parents are left “paying over the odds” for formula milk due to concerns around regulation in the market, the watchdog has said in an interim report into the [...]
Reckitt Benckiser: Dettol producer shares plunge on baby formula fears Business Shares in Reckitt Benckiser plunged nearly 10 per cent after a US jury found Abbott Laboratories failed to warn consumers about the health risks of its product.
Regulator launches investigation into baby formula market Regulation The CMA investigation, which was launched today, came off the back of a November study which found manufacturers raised prices by 25 per cent over two years, increasing profit margins during the cost-of-living crisis.