Google break-up on the table in US antitrust case October 9, 2024 The US government is weighing up a break-up of Google in an attempt to end its monopoly over much of the internet. The US Department of Justice has said that it was considering asking a judge to impose “structural requirements” on the tech giant to prevent it from maintaining its dominance on search. “Fully remedying [...]
Pasta Evangelists: From ‘pasta le disaster’ to £40m turnover October 9, 2024 After conquering London's pasta takeaway scene, Pasta Evangelists has set its sights on the restaurant industry.
Vertical Aerospace: Battersea to Heathrow in 10 minutes? October 9, 2024 Imagine a future where a taxi from Central London to Heathrow took little more than 10 minutes? That's the goal of Bristol-based Vertical Aerospace.
City regulator: Concentration poses risk to markets October 8, 2024 The boss of the Financial Conduct Authority (FCA) said “herding behaviour” and “market concentration” were posing new risks to the financial markets today as he warned investors to brace for volatility in the long term. Speaking at the regulator’s market conference in Westminster, Nikhil Rathi said excessive daily swings had become a bigger concern to [...]
S&U fires barbs at regulator after motor finance probe dents profit October 8, 2024 Specialist lender S&U fired another salvo at the Financial Conduct Authority (FCA) today as it blamed regulatory pressure for the “uninspiring performance” of its motor finance business in the first six months of the year. Pretax profit across the London-listed firm slumped by nearly half to £12.8m for the six months to 31 July, down [...]
Don’t turn the City into the ‘best regulated graveyard’, pension funds told October 7, 2024 A group of pension funds has been warned against turning the City into the “best regulated graveyard” today after they called for the boss of the London Stock Exchange to stop lobbying for reform of financial services rules. In the latest of a series of letters to the London Stock Exchange Group (LSEG), a coalition [...]
Leading with insight: Geradin Partners corners trend in competition law October 7, 2024 When trying to "shake things up" in the competition legal market, who better than someone who spent over seven years as a legal director for the regulator
Win a dream house for £10? How Omaze found controversial success in the UK October 7, 2024 Luxury house prize draw Omaze has found booming success in the UK, but not everyone's happy about it. Anna Moloney examines why.
Barratt Redrow merger given greenlight by competition watchdog October 4, 2024 The competition watchdog has given its final clearance for the merger of housebuilders Barratt and Redrow. The Competition and Markets Authority (CMA) launched an investigation into the proposed £2.5bn deal in June after it was first announced in February. The deal was completed in August without regulatory approval after the CMA suggested there were reasonable grounds to believe [...]
SSP Group: Upper Crust owner reports ‘significant increase’ in profitability October 3, 2024 The travel food specialist behind Upper Crust SSP Group has reported a boost in revenue, with UK sales supported by demand for air travel and easing rail disruptions. Revenue grew by 17 per cent for the year to 30 September, with full-year operating profit expected to be £210 to £220m, up around 30 per cent [...]