CMA gives London Stock Exchange green light on Quantile takeover October 26, 2022 The competition watchdog has given the greenlight to London Stock Exchange Group's takeover of compression firm Quantile today after an in-depth investigation did not raise “substantial competition concerns”.
Govt drags feet with new digital markets bill October 25, 2022 A new report by MPs on the Business, Energy and Industrial Strategy Committee has called on the Government to push forward with a draft Digital Markets Bill that would allow regulators to take a more proactive approach to curbing big tech dominance. The bill would enshrine the Competition and Markets Authority’s (CMA) Digital Markets Unit (DMU) [...]
Meta will be forced to sell Giphy as the CMA falls for the dangerous myth of ‘big is bad’ October 25, 2022 . Regulators around the world are intent on breaking up the largest tech companies, and now they have a model that works — even if it's dangerously detached from reality.
Watchdog eyes Big Tech push into UK financial services sector October 25, 2022 The presence of Big Tech in the UK’s financial services market has caught the eyes of the regulator. The Financial Conduct Authority (FCA) is seeking views on the possible competition harms and benefits of the Big Tech push into financial services sectors and the infrastructure on which it is based. Sheldon Mills, executive director of [...]
Civil Aviation Authority chief steps down following a summer of travel chaos October 21, 2022 The chief of the UK Civil Aviation Authority will stand now next year after a rocky few years of pandemic transport chaos and strike action drama. Richard Moriarty has worked for the organisation for more than ten years, in senior roles including Director of Competition and Economic Regulation, Director of Consumers and Markets, Deputy Chief Executive [...]
UK is now the largest crypto economy in Europe October 20, 2022 The UK received a whopping $233 billion in raw transaction value of cryptocurrency in one year, according to an official report.
Ed Warner: Don’t criticise British Cycling for accepting sponsorship from Shell October 20, 2022 Disclaimer No1: I don’t think I’ve written anything in support of British Cycling down the years. Quite the opposite in fact. But I can’t bring myself to add my name to the lengthening petition that splutters in indignation about the governing body’s sponsorship deal with Shell. So, here’s a first for me. British Cycling’s eight-year [...]
Let’s be honest, the competition watchdog shouldn’t care about Meta buying Giphy October 20, 2022 On Tuesday, the Competition and Markets Authority (CMA) blocked Meta’s acquisition of Giphy, a gif search engine. This ruling risks undermining London’s status as the digital capital of Europe — threatening innovation, job creation and economic growth. And yet, they did it anyway. The CMA had two justifications for blocking the acquisition. The first was [...]
OneWeb and Panasonic to rival Viasat-Inmarsat tie-up with in-flight wifi deal October 18, 2022 British satellite darling OneWeb has teamed up with in-flight entertainment giant Panasonic, in a partnership which could rival the looming Viasat-Inmarsat tie-up. The deal will see Panasonic Avionics, which serves over 70 airlines, sell OneWeb’s in-flight broadband services to commercial airlines worldwide by the second half of next year, cementing aviation as the latest cash [...]
Next 15 clears regulatory hurdles in M&C Saatchi takeover October 18, 2022 NEXT 15 cleared its final regulatory hurdle this morning as the London media firm hopes to finalise a deal to takeover M&C Saatchi after months of turbulence. The media firm said it had received confirmation from the Committee on Foreign Investment in the United States (CFIUS), paving the way for a successful takeover. It follows [...]