IAG offers €100m loan to Globalia for 20 per cent stake in Air Europa March 17, 2022 British Airways’ owner IAG offered today a €100m loan to Air Europa in exchange for a 20 per cent stake in the company. The airline said the seven-year unsecured loan would be offered to the carrier’s owner Globalia and, following regulatory approvals, it could be turned into the 20 per cent share. “This agreement will [...]
1 Minute Market Rundown – 17th March 2022 March 17, 2022 Russia – UkraineRisk sentiment improvesFed delivers So there were two big talking points yesterday. Firstly, Chinese authorities decided enough was enough and stepped in to prop up domestic equity markets. They pledged to keep capital markets stable, support oversea stock listings and confirming that regulation of big tech will end soon. Unsurprisingly, Asian stocks saw [...]
How firms are using data-driven diversity March 16, 2022 This article first appeared in ICAS’ CA magazine. It may feel like the diversity and inclusion agenda has gathered momentum in recent years. But while there has been a lot of talk, the data suggests that the pace of change at the top of British business has actually been slow. A July 2021 report by the [...]
UK competition watchdog raises concerns over £6bn Avast buyout by cybersecurity rival March 16, 2022 The UK’s competition watchdog has raised concerns over the £6bn buyout of Avast by fellow cybersecurity firm NortonLifeLock, after launching a probe into the deal in January. The Competition and Markets Authority (CMA) announced this morning that the deal, which was announced in August, between close competitors could harm competition in the market, as there [...]
What is the outlook for UK dividends in a less certain world? March 16, 2022 Russia’s invasion of Ukraine looks set to exacerbate economic trends which had already been influencing markets. Amid the uncertainty, experienced investors Sue Noffke and Graham Ashby give their views on the outlook for UK dividends. Investors had already been viewing markets in a more cautionary manner, even before Russian troops amassed on the border with [...]
Fintechs call for open banking body to be ‘weaponised’ and simplified as CMA mulls its future March 16, 2022 Fintech firms have called for open banking’s governing body to be “weaponised” and simplified, as the Competition and Markets Authority (CMA) prepares to deliver a verdict on its future next week.
Top fintechs strong-arm watchdog into action on open banking March 14, 2022 A group of the UK’s top fintech firms have called on the Competition and Markets Authority (CMA) to speed up its decision making on open banking, claiming the watchdog’s slow progress was stifling innovation.
Explainer-in-brief: Europe proves a hostile market for Big Tech March 14, 2022 European and UK regulators have teamed up for the second time in less than a year to crack down on tech giants skirting anticompetitive practices. On Friday, the Competition and Markets Authority in the UK and the EU Commission launched a probe into an online advertising deal between Google and Meta to allegedly shut out [...]
Saudi Arabia’s PIF and Amanda Staveley should have waited to buy Chelsea instead March 10, 2022 I can’t help thinking that Amanda Staveley and her consortium have bought the wrong football club. Had they waited just five months they could have had Chelsea FC rather than Newcastle United. A mooted £3bn price tag may be 10 times the price paid for the Magpies, but still well within the means of Saudi [...]
CMA secures commitments from Gridserve unlocking EV motorway charging competition March 8, 2022 The Competition and Markets Authority (CMA) has secured commitments from energy company Gridserve to open up competition on motorways between electric vehicle (EV) charging companies. As part of the legally-binding commitments, Gridserve has agreed not to enforce exclusive rights in contracts with operators Extra, MOTO or Roadchef after November 2026, therefore reducing its contracts by [...]