Competition watchdog applies further scrutiny to Sainsbury’s-Asda merger September 19, 2018 Sainsbury’s and Asda’s proposed merger will receive further scrutiny after the Competition and Markets Authority (CMA) said concerns over the deal merit deeper investigation. The watchdog warned that the two supermarkets “overlap in hundreds of local areas”, meaning shoppers could face higher prices or worse service if the two were to merge, after its phase [...]
Competition watchdog applies further scrutiny to Sainsbury’s-Asda merger September 19, 2018 Sainsbury’s and Asda’s proposed merger will receive further scrutiny after the Competition and Markets Authority (CMA) said concerns over the deal merit deeper investigation. The watchdog warned that the two supermarkets “overlap in hundreds of local areas”, meaning shoppers could face higher prices or worse service if the two were to merge, after its phase [...]
UK and US should have mutual recognition of financial sectors on ‘day one’ of a post-Brexit trade deal, says new report September 18, 2018 The UK and US should seek an immediate system of mutual recognition to deepen trade in financial and professional services, according to a new report produced by policy experts from both sides of the Atlantic. The proposal is one of a range of suggestions put forward by a group of 11 think tanks in a [...]
UK and US should have mutual recognition of financial sectors on ‘day one’ of a post-Brexit trade deal, says new report September 18, 2018 The UK and US should seek an immediate system of mutual recognition to deepen trade in financial and professional services, according to a new report produced by policy experts from both sides of the Atlantic. The proposal is one of a range of suggestions put forward by a group of 11 think tanks in a [...]
EU to investigate whether BMW, VW and Daimler colluded over clean-car technology September 18, 2018 The EU is investigating BMW, Volkswagen and Daimler over allegations they may have colluded to thwart the development of clean-emission technology for cars. The probe relates to claims the car giants may have agreed not to compete against each other on the development and roll-out of technology aimed at reducing harmful emissions from petrol and [...]
EU to investigate whether BMW, VW and Daimler colluded over clean-car technology September 18, 2018 The EU is investigating BMW, Volkswagen and Daimler over allegations they may have colluded to thwart the development of clean-emission technology for cars. The probe relates to claims the car giants may have agreed not to compete against each other on the development and roll-out of technology aimed at reducing harmful emissions from petrol and [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
PwC UK chairman resists calls for Big Four breakup as firm posts record revenues September 17, 2018 The chairman of PricewaterhouseCoopers UK said the Big Four accountant has learnt from its mistakes and improved processes, after it raised revenues despite settling two regulatory investigations in the past year. Kevin Ellis, PwC’s UK chairman and senior partner, told City A.M. he stands by the company’s opposition to breaking up the Big Four accountancy firms, [...]
Competition watchdog launches inquiry into CME takeover of Nex Group September 13, 2018 US exchange operator CME's planned $5.5bn (£4.89bn) acquisition of London's Nex Group will be investigated by the UK's competition watchdog. The deal, which was announced in March and is expected to be completed by the end of this year, will either be approved or referred for a more in-depth investigation by 8 November, the Competition and Markets Authority said. [...]
Competition watchdog launches inquiry into CME takeover of Nex Group September 13, 2018 US exchange operator CME's planned $5.5bn (£4.89bn) acquisition of London's Nex Group will be investigated by the UK's competition watchdog. The deal, which was announced in March and is expected to be completed by the end of this year, will either be approved or referred for a more in-depth investigation by 8 November, the Competition and Markets Authority said. [...]