How the climate change revolution has lit a fire under the heating industry June 22, 2021 Climate policy over the last few years has seen the rise and rise of “net zero” targets, to the extent that around 70% of global emissions are now covered by a net zero policy. Converting these long-term ambitions into a clear plan of action is the next step, and the recent publication of a net [...]
MPs to write to competition watchdog over potential takeover of Morrisons June 22, 2021 The Business, Energy and Industrial Strategy Committee is reportedly preparing to write to the Competition and Markets Authority over the takeover of Morrisons. The MPs’ decision to intervene followed concern from a group of Labour MPs that a private equity takeover of the UK’s fourth biggest supermarket would put thousands of jobs at risk, the [...]
The City is resilient but it needs to nurture its small businesses and advocate for a return to the office June 21, 2021 Over the last 12 months, the City has faced twin challenges from Britain’s exit from the European Union and the pandemic. Despite these challenges, the financial and professional services sector has demonstrated remarkable resilience as well as playing a key role in supporting other parts of the economy. We cannot, however, afford to be complacent. [...]
Nvidia to put $100m into Cambridge supercomputer amid Arm probe June 17, 2021 Nvidia’s chief executive today said the company will spend at least $100m on a supercomputer in Cambridge as it seeks to demonstrate its commitment to the UK. The US tech firm is in the process of buying UK chipmaker Arm for $40bn, but regulators are currently examining the deal. Both the Competition and Markets Authority [...]
FCA research hailed as a ‘Bitcoin going mainstream’ moment June 17, 2021 A detailed report into cryptocurrency by the Financial Conduct Authority should be regarded as a turning point that took Bitcoin into the mainstream, says a leading financial expert.
CMA clears Issa brothers’ Asda takeover after accepting petrol station sale June 16, 2021 The UK’s competition authority has today cleared the way for the Issa brothers’ £6.8bn takeover of supermarket Asda after accepting their offer to sell off 27 petrol stations. The Competition and Markets Authority (CMA) had launched a probe into the deal in April due to fears that acquisition could increase petrol prices for motorists. The [...]
Government taskforce calls for easing of UK finance regulations to ‘unlock’ £100bn in investment June 15, 2021 A government taskforce has urged Boris Johnson to shed a range of UK regulations on finance post-Brexit to “unlock” more than £100bn of investment in small businesses and high-growth tech firms. The Taskforce for Innovation, Growth and Regulatory Reform (TIGGR), led by former Tory leader Sir Iain Duncan Smith, called for changes to allow pension funds to easier invest in high-risk, [...]
Apple and Google under scrutiny from regulator over smartphone dominance June 15, 2021 Apple and Google are facing an investigation by UK competition authorities over concerns their dominance in the smartphone market is harming consumers. The Competition and Markets Authority (CMA) today said it will examine whether the companies’ “effective duopoly” over the supply of operating systems, app stores and web browsers should be curbed. The market study [...]
WOBI Announces Executive Program: Management Week 2021 June 11, 2021 Indra Nooyi, Francis Ford Coppola, and Arianna Huffington among speakers for upcoming Management Week this June 28, 29, 30 and July 1 2021 (LOCATION) – World of Business Ideas (WOBI), the leader in management and leadership content, is pleased to announce the first ever Management Week, a unique program designed to cover today’s most important [...]
UK competition regulator secures commitments from Google on third-party cookies June 11, 2021 The UK’s competition watchdog has said it has secured commitments from Google on its proposal to remove third-party cookies from its Chrome browser. Third-party cookies are used by digital advertising companies to personalise and target advertising. The Competition and Markets Authority (CMA) said the commitments came after it took action in January over concerns Google’s [...]