Italy launches probes into Apple, Google and Dropbox’s cloud storage services September 7, 2020 Italy’s competition regulator has today launched six investigations into the cloud storage services of Apple, Google and Dropbox, over concerns of misuse of data. The country’s Competition and Markets Authority said it had received several complaints about allegedly unfair commercial practices by Apple’s iCloud, Google Drive and Dropbox. The authority said in a statement that [...]
Amazon fined by UK watchdog over late documents in Deliveroo probe September 7, 2020 Amazon has earned a slap on the wrist from UK regulators after it failed to meet a deadline for vital documents, as part of a long-running probe into its stake in Deliveroo. The Competition and Markets Authority (CMA) today fined Amazon £55,000, after it was forced to delay its investigation of Amazon’s purchase of a [...]
FTSE 100 rises but Wall Street falls again on job data September 4, 2020 The FTSE 100 reversed yesterday’s losses, closing in on the 5,900 point level this morning despite last night’s ferocious sell-off of US tech stocks dragging markets down overnight. By the early afternoon London’s premier index was 0.7 per cent up at 5,888.96. The FTSE 250 index of mid caps also rose 0.2 per cent. However, [...]
Watchdog opens probe into major homebuilders over leasehold practices September 4, 2020 The Competition and Markets Authority (CMA) today said it was opening enforcement cases against four of the UK’s biggest housebuilders over suspicions they may have broken consumer protection law in relation to leasehold homes. The CMA today said it was opening enforcement actions focusing on the practices of Barratt Developments, Countryside Properties, Persimmon Homes and [...]
Why digital infrastructure could emerge stronger from Covid-19 August 28, 2020 The Covid-19 pandemic has accelerated the need to modernise digital infrastructure networks. We expect that this will create new investment opportunities. Surging online activity Whether we like it or not, the Covid-19 pandemic has cemented our addiction to fast and reliable internet access. While speaking to colleagues remotely, food shopping online or monitoring our ‘smart [...]
What does value investing have in common with Forrest Gump? August 26, 2020 Gump is rewarded for his determination and resilience in the face of vicious storms in the 1994 film “Forrest Gump”. We believe returns could be bountiful for the genuinely long-term and patient value investor too. When I look at a chart like this, I think one of two things. Either it’s different this time for [...]
Competition watchdog to probe Carlsberg-Marston’s tie-up August 19, 2020 The competition watchdog today said it has opened a probe into a proposed £780m tie-up between beer giants Carlsberg and Marston’s. The Competition and Markets Authority (CMA) said it was considering whether the deal would create a relevant merger situation and damage competition. In May the two companies announced plans to combine their brewing businesses [...]
ESG defies naysayers as ‘sustainable’ investments become mainstream August 18, 2020 Crises tend to accelerate trends. The upheavals of 2020 – from the global pandemic to the movement for racial justice and the ongoing threat of climate change – have undoubtedly helped propel environmental, social, and governance (ESG) investing into the mainstream. ESG-related topics have never been so central to the investment conversation. Retail funds incorporating [...]
Ranked: Monzo and Starling top list of best UK banks August 17, 2020 Digital fintechs Monzo and Starling are better than traditional banks at providing the best service to personal banking customers, according to a recent survey. The Competition and Markets Authority (CMA) conducted a survey of around 1,000 customers of each of the 19 largest personal current account providers in Britain to rank the best and worst [...]
Dignity shares rocket after funeral cost controls dropped because of pandemic August 13, 2020 Shares in funeral company Dignity surged nearly 40 per cent today after the Competition and Markets Authority (CMA) said it would not introduce price controls because of the coronavirus pandemic. Dignity shares jumped 38 per cent to 540p. The company said it was considering the CMA’s report in detail. An investigation into the sector, focusing [...]