Kwarteng orders review of petrol retail market to ensure fuel duty cuts are passed on to consumers June 12, 2022 Business Secretary Kwasi Kwarteng has ordered the market watchdog to conduct an "urgent review" of the petrol market.
Klarna boss questions Apple competitive practices after buy-now pay-later move June 12, 2022 The boss of fintech giant Klarna has questioned the competitive practices of Apple after the tech behemoth announced it would push into the buy-now pay-later space this week.
Morrisons mulls sale of warehouses and fisheries in £600m deal June 12, 2022 Morrisons’ private equity owner is scouting for a buyer for its estate of warehouses, fisheries and food manufacturing hubs in a sale worth more than £600m. The New York private equity titan is mulling a sale-and-leaseback transaction in an endeavour to power returns from its £7bn takeover of the British grocer, according to a report [...]
Watchdog CMA zooms in on mobile ecosystem dominance: ‘Apple and Google hold all the cards’ June 10, 2022 The UK’s competition watchdog said today it is planning to launch an investigation into the “effective duopoly” that Apple and Google hold over the mobile ecosystem. The Competition and Markets Authority (CMA) said it was consulting on the launch of a market investigation into the power of the two firms following its publication of a [...]
ASA crypto crackdown – is it regulation by the back door? June 10, 2022 Geraint Lloyd Taylor of Lewis Silkin examines why the ASA is turning its searchlights onto cryptocurrency advertising.
1 Minute Market Rundown – 10th June 2022 June 10, 2022 Trade the ExtremesCrypto Needs to Bounce SoonWhen to Buy the Dip? Yesterday saw a lesson on how not to act like a Central Bank from the ECB. In over 25 years of trading I have rarely seen a less impressive performance at a press conference than we got from Lagarde. The plan was clear. Tell [...]
Morrisons’ private equity owner clears final regulatory hurdle for £7bn supermarket sweep June 9, 2022 The competition watchdog has given the green light to Morrisons’ private equity owner, meaning the deal has now cleared regulatory checks. The Competition and Markets Authority (CMA) had provisionally accepted Clayton, Dubilier & Rice’s offer to sell 87 petrol stations in order to address competition concerns. Now, the watchdog said it has accepted the undertakings [...]
1 Minute Market Rundown – 9th June 2022 June 9, 2022 Trade the ExtremesCrypto Needs to Bounce Soon A pretty quiet day yesterday, Euro was the biggest mover gaining against most currencies ahead of the ECB. Today marks the start of a big 48 hours for the broader risk markets with CPI tomorrow out of the USA preceded by the ECB rate decision at 12.45 and [...]
Number 10 renews threat to petrol retailers who don’t pass on fuel duty cut June 8, 2022 Downing Street has renewed threats to name and shame petrol retailers not handing on a 5p cut in fuel duty to customers as UK prices reach almost £2 a litre. Boris Johnson’s spokesman today said the government wants this year’s fuel duty cut to be “passed on at all sites and petrol stations”, but that [...]
1 Minute Market Rundown – 8th June 2022 June 8, 2022 Trade the ExtremesCrypto Needs to Bounce Soon A generally quiet and rangy day for the markets which taught us little new but served to demonstrate the themes continue. All eyes are focused on the US CPI on Friday and the ECB on Thursday for clues to the relative interest rate paths. There is a little [...]