Post-Brexit boost for the City as London takes top spot in global financial powerhouse rankings January 27, 2022 London continues to hold the top spot for financial and professional services in terms of overall offer when compared to other global destinations, including New York, Singapore, Hong Kong, Paris and Frankfurt, according to new figures published this morning. London received an overall competitiveness score of 61, followed by New York (58) and Singapore (53). [...]
CMA launches probe into music streaming market January 27, 2022 UK competition watchdog launched a study this morning asking whether the music streaming market is working well for music lovers. In the UK, more than 80 per cent of recorded music is now listened to via a streaming service rather than using traditional physical media like CDs and vinyl. Linking the creators making the music [...]
CMA launches probe into £1.9bn merger between National Express and Stagecoach January 26, 2022 The UK competition watchdog said this morning it has launched an investigation into the £1.9bn merger between National Express and Stagecoach due to concerns over the tie-up. The Competition and Markets Authority (CMA) said it had served a so-called initial enforcement order, which stops the companies from fully combining while it considers the deal. Stagecoach [...]
Google backtracks on cookies plans after ad backlash January 25, 2022 Alphabet Inc's Google announced its second try at enabling advertisers to buy ads based on users' browsing interests without having to rely on what it has described as privacy-invasive tracking cookies.
Competition is heating up amongst retail banks, says FCA January 20, 2022 Fierce competition in retail banking is driving choice and lowering prices for consumers according to the UK financial watchdog.
The world in 2022: a map to global politics January 19, 2022 In 2022 the fault lines of global politics will be tested again. City A.M. and the British Foreign Policy Group chart the year ahead. If the pandemic taught us anything, it is the deep ramifications that one country’s domestic politics have globally. From the future of the French President to continual Chinese aggression, here we [...]
UK regulator fines Mastercard £31m over ‘cartel behaviour’ January 18, 2022 Mastercard is among five payments firms which have been accused of operating a cartel in the prepaid cards market by a UK watchdog.
Facebook and Twitter ‘failing to tackle fake review factories’ January 13, 2022 Facebook and Twitter have been accused of failing to tackle an online industry of fake product reviews, with new research uncovering schemes on the platforms with hundreds of thousands of members.
Facebook fails to block antitrust lawsuit over WhatsApp and Instagram ownership January 12, 2022 Meta faces another blow as it loses its attempt to dismiss a US Federal Trade Commission (FTC) antitrust lawsuit, which could force it has to sell WhatsApp and Instagram.
JD Sports expects to beat profit expectations following Black Friday and Christmas sales January 12, 2022 JD Sports expects full-year profits to beat expectations following improved trading performance over Black Friday and Christmas.