JD Sports instructed to sell Footasylum after competition concerns November 4, 2021 The competition watchdog has instructed JD Sports to sell Footasylum. The Competition and Markets Authority said that the takeover could lead to a worse deal for Footasylum’s customers. As Footasylum would no longer face competition from JD Sports, customers would have fewer options and could face higher prices, fewer discounts, and less choice of products [...]
FCA: Wild west crypto market provides is hotbed for money laundering November 2, 2021 The wild west crypto market poses a real risk to the strength of the UK financial system by allowing fraudsters to conduct widespread money laundering and financial crime. That’s the warning shot from the City watchdog’s digital tsar, who slammed cryptocurrencies for often harming and exploiting consumers. Jessica Rusu, chief data, information and intelligence officer [...]
Q&A: How tech is shaking up the banking sector November 1, 2021 A technological revolution is occurring, which is affecting all business sectors. And the Covid-19 pandemic has been accelerating this process. Banking is one area that has been particularly disrupted by technology for some time, but it was during the pandemic that customers really started to change their banking habits. Banking over the counter in High Street branches is [...]
Five reasons why energy transition stocks can weather the inflation storm November 1, 2021 The current inflationary pressures putting strain on global equity markets are impacting energy transition equities more than most, with many of its sub-sectors right in the eye of the storm. But while these short-term threats are painful, they should not detract from the longer-term investment opportunity. Inflationary pressures have been at the heart of this disruption. Global supply [...]
Ryanair to refund passengers after public mishaps October 28, 2021 Ryanair has announced it will start refunding customers of cancelled flights within five working days. Part of a company campaign to improve its image, the measure was set after the Dublin-based carrier held its first customer panel meeting in September, when customers all over Europe met with senior management to provide recommendations on customer service. [...]
Watchdog approves £222m takeover of Hawthorn pubs by Admiral Taverns October 27, 2021 Admiral Tavern’s £222m acquisition of almost 700 pubs has been given the green light by the competition watchdog. However, the Competition and Markets Authority (CMA) said Admiral Taverns and Hawthorn Leisure must tackle competition concerns in several local areas. The community pub operator said it understood the merger gives rise to a realistic prospect of [...]
How Fiat will get Minimized or Replaced Leading to Evolutionized Forms of Government October 26, 2021 Modern society runs on databases that are run by TTPs (Trusted Third Parties). TTPs decide, in practice, your rights, from trivial to important such as whether your hotel airline reservation is cancelled, if you can only wire a limited amount to your crypto-exchange, that you are not allowed to use AirBNB and if you are [...]
Saga chief: We failed to modernise during years of private equity ownership October 26, 2021 Saga failed to modernise during years of private equity ownership, and must urgently change, according to the firm’s boss. Euan Sutherland, who joined the firm for the over-50s market in January last year, admitted the company lost its way in how it engaged with older customers. His comments came as the chief executive of the [...]
Watchdog opens investigation into emergency services radio network October 25, 2021 The Competition and Markets Authority (CMA) announces they will be investigating the Motorola Airwave network, the infrastructure and service provider that enables the police, fire and emergency services to communicate securely with each other. The decision to launch a market investigation follows a consultation, opened in July 2021, which set out concerns about the impact [...]
Budget: International competition to become new priority for City watchdogs October 25, 2021 The Treasury is reportedly going to reveal this week that City regulators must consider competition as much as they do safety and soundness when making key decisions. The move, set to be unveiled in the budget, is expected to be accompanied by a cut in surcharge tax on banks’ profits. The Treasury has been in [...]