Just Eat slams watchdog’s approval of Amazon’s £442m investment in Deliveroo May 18, 2020 Just Eat has slammed the competition watchdog’s “U-turn” decision to give the go-ahead to Amazon’s £442m investment in Deliveroo during the coronavirus crisis. The delivery platform, which was bought by Dutch firm Takeaway.com earlier this year, said it was “concerned by the very sudden U-turn in the Competition and Market Authority’s decision making”. The CMA [...]
Competition watchdog seeks emergency powers to tackle coronavirus profiteering May 18, 2020 The UK’s competition watchdog has told the government it needs emergency powers to crack down on firms profiteering from the coronavirus crisis. The Competition and Markets Authority (CMA) said it needs emergency time-limited legislation to tackle companies that have increased prices for high demand products such as hand sanitiser during the pandemic. CMA chief executive [...]
Four fintech forums growing in importance to women investors May 14, 2020 Based on my 10 years of research, I know that financial independence – being able to pay one’s way without having to work or rely on others – is a critical theme for women. In my recent global survey, when women were asked the most important reason why they invest, the second most popular answer [...]
Domino’s slams Amazon’s £442m investment in Deliveroo May 14, 2020 Pizza takeaway chain Domino’s has slammed a watchdog’s decision to give the go-ahead to Amazon’s £442m investment in Deliveroo, saying the decision will harm competition and consumers. The Competition and Markets Authority (CMA) provisionally cleared the investment in April over concerns that Deliveroo could collapse without extra financial backing due restaurant closures during the coronavirus [...]
Covid-19: why the tech giants have emerged as winners May 12, 2020 While many businesses struggle to survive under the global lockdown, the largest technology companies remain afloat and in some cases are even thriving. Microsoft has reported a surge in usage of its cloud computing service Azure, as millions of people work from home. Amazon is hiring an additional 75,000 workers, on top of the 100,000 [...]
Bitcoin: Five Factors; One Conclusion, Three Parts May 12, 2020 Bitcoin (BTC) has been labeled as an “uncorrelated asset” since BTC is not directly connected to global GDP, company, revenues, profits (P/E ratios), dividends, and instead, relies on the network effect. For those reasons, the million dollar question is… What are the factors that impact Bitcoin’s price the most and why? The answer to this [...]
Aviation chiefs plead for more help from government amid coronavirus chaos May 6, 2020 Representatives of the UK’s airports and airlines have said that the government must do more to support the aviation sector, warning that it “does not understand the strategic role the industry plays in the economy”. Speaking to the transport select committee, Tim Aldersdale, the chief executive of Airlines UK, said that there were “lots of [...]
Competition watchdog blocks JD Sports’ £90m takeover of Footasylum May 6, 2020 The competition watchdog has provoked a furious response from JD Sports after blocking the retailer’s £90m takeover of rival Footasylum. Following an in-depth investigation, the Competition and Markets Authority (CMA) ruled the tie-up would lead to a “substantially” lessening of competition nationally. As a result, consumers would be left with fewer discounts and could receive [...]
Real Estate: COVID-19 may permanently quarantine inflexible leases May 5, 2020 Real estate leases have long represented a point of disagreement between accountants and financial analysts. This disagreement was the primary reason why the London-headquartered International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) went separate ways in finalising lease accounting standards. Figure 1. Lease Accounting Survey Report (October 2013) For a [...]
FCA warns banks not to pressure corporate clients amid coronavirus April 28, 2020 The City watchdog today warned banks not to put pressure on their corporate clients to cut them into business in return for coronavirus loans. The Financial Conduct Authority (FCA) wrote to lenders to say it had heard “credible reports of a small number of banks failing to treat their corporate clients fairly” while negotiating coronavirus [...]