Aviation regulator to review Heathrow’s financial model ahead of third runway March 27, 2025 The UK aviation watchdog is to review Heathrow Airport’s financial model after stakeholders raised concerns over how it intends to fund a third runway. Some of Heathrow’s biggest airlines submitted a request to the Civil Aviation Authority (CAA) in February demanding “an urgent and fundamental review” into the way the airport is regulated amid soaring [...]
Businesses told to watch out as CMA complaints spike ahead of new powers March 26, 2025 Complaints to the Competition and Markets Authority (CMA) have jumped by almost a quarter in the year leading to the watchdog being handed more power. According to research commissioned by law firm Pinsent Masons, concerns raised about competition and consumer law surged by 23 per cent from 4,728 to 5,823 in the year to 30 [...]
Don’t look back in anger: Oasis fans misled by Ticketmaster, says CMA March 25, 2025 The UK’s competition regulator has accused Ticketmaster of misleading Oasis fans during the brand’s highly anticipated ticket sale, suggesting that some may have overpaid for seats that offered no real advantage. The Competition and Markets Authority (CMA) has demanded changes to how Ticketmaster labels tickets and displays pricing information, following widespread complaints from fans who [...]
The FCA will boost growth by being a smarter regulator March 25, 2025 The Financial Conduct Authority is prioritising growth and fighting financial crime as chief executive Nikhil Rathi unveils a new five-year strategy Tomorrow the Chancellor will deliver her Spring Statement. Among the blizzard of figures, it’s likely we will hear one word more than any other: growth. The government has made growth their number one mission. [...]
Financial watchdog to push savers to take more risk March 24, 2025 The Financial Conduct Authority (FCA) is set to encourage retail investors to up their level of risk when managing their savings, as part of its mandate to support growth in the UK economy. The watchdog has drawn up the plans as part of a new five-year strategy that is set to launch later this week, [...]
Sky, BT, IMG, ITV and BBC: Broadcasters caught in freelancer pay fixing scandal March 21, 2025 The UK’s sports broadcaster heavyweights have been fined for unlawfully colluding to fix freelancer pay rates, leading to over £4m in penalties. BT, IMG, ITV and the BBC have all admitted to illegally sharing sensitive payment information and details to suppress wages for production staff. Sky, which also participated, avoided a financial penalty by reporting [...]
The FCA must continue work on cutting card fees March 21, 2025 The Payment Systems Regulator was doing vital work on reducing unfair card fees that are hammering retail. Now the FCA must pick up where it left off, says Tom Ironside In their recently published report into scheme and processing card fees, the Payment Systems Regulator (PSR) recently found that “increasing fees impacts on UK businesses’ [...]
Mark Kleinman: CMA revamp to spur boom for M&A bankers March 20, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles changes at the CMA, Achilles’ new target, and a logistics funding boost. Will there even be a competition regulator at this rate? After this week’s latest summons to Downing Street for a [...]
Thames Water says it has received six takeover offers March 18, 2025 Thames Water has said it has received six takeover offers and hopes to agree a deal by the end of June. The offers come in response to an equity raise process launched by the UK’s biggest water supplier last summer. Crisis-hit Thames Water has been battling to stave off nationalisation amid debts of more than [...]
Fintech unicorn council joins Revolut and Zilch bosses for Treasury meeting March 18, 2025 Britain’s top fintech officials met Rachel Reeves on Tuesday morning in the Chancellor’s latest financial summit to boost economic growth. The co-chairs of Innovate Finance’s Unicorn Council for UK Fintech joined leading executives at the Treasury’s meeting, City AM has learned. The council, which launched in March 2024, aims to provide the government with policy [...]