DPD finalises CitySprint acquisition following CMA approval January 11, 2022 Parcel delivery giant DPD has completed the acquisition of UK same-day delivery firm CitySprint, following the Competition and Markets Authority’s (CMA) approval of the deal on 16 December. “This transaction makes genuine sense for both parties and we are delighted to have completed the acquisition,” said Elaine Kerr, DPD UK’s chief executive. “Same day delivery is [...]
Teletext Holidays and Alpharooms cease trading as customers owed refunds January 7, 2022 Travel firms Teletext Holidays and Alpharooms have collapsed into liquidation as thousands of customers are still owed refunds. According to a report in The Sun, parent company Truly Holdings, has ceased trading, the government’s insolvency database shows. Some 4,000 consumers are thought to be impacted by the collapse, according to MoneySavingExpert. Thousands of customers complained [...]
CMA boss Coscelli to step down from watchdog this year January 6, 2022 The boss of the Competition and Markets Authority (CMA) is set to step down from the helm of the watchdog in July. Andrea Coscelli, who has held the position for some six years, confirmed today that he would be stepping away from the role. The departing chief executive has been with the watchdog since its [...]
French watchdog whacks Google with £125m fine for online cookie trackers January 6, 2022 France's data privacy watchdog has fined Google a record €150m (£125m) for making it difficult for internet users to refuse online trackers.
Independent music companies continue to call on competition watchdog to address streaming platforms January 5, 2022 Independent music companies are calling on the competition watchdog to look into streaming platforms renumeration structures as pressure begins to mount on the industry.
Meta to appeal watchdog’s ruling on Giphy acquisition January 5, 2022 Facebook owner Meta has applied to be able to appeal a ruling by the competition watchdog this morning that said it must sell popular animated images platform Giphy.
Banker bots: Amid increasing competition for top talent, banks could turn to AI January 4, 2022 Banks could begin to turn to artificial intelligence (AI), after the competition for top talent has prompted a battle of who can name the highest salary figure for newcomers. JPMorgan and Goldman Sachs have already dedicated teams to modernising their M&A advisory and capital markets businesses. And with pay for junior analysts at rival Morgan [...]
Inclusive leadership: Seven keys to a 21st-century skill January 4, 2022 “When everyone is included, everyone wins.” “Inclusion is not a matter of political correctness. It is the key to growth.” The long-time US civil rights activist, the Reverend Jesse Jackson, is often quoted on the subject of inclusion and these two particular axioms of his are becoming more relevant to business leaders with every passing [...]
Best of 2021: Why UK airlines are at odds with Heathrow December 27, 2021 The Civil Aviation Authority (CAA) managed to upset both airlines and Heathrow on 16 December when it confirmed the interim price cap which will be implemented at the London hub from 1 January. From the current £19.60 the charges will go up to £29.50 in 2020 prices, amounting to £30.19 per passenger because of the [...]
Frasers Group approaches JD Sports to buy Footasylum after CMA setback December 26, 2021 Mike Ashley, chairman of Frasers Group (Fraser), has offered to buy retail chain Footasylum from JD Sports (JD) executive chairman Peter Cowgill, according to The Sunday Times.