Supermarkets hike prices to make loyalty card customers feel like they are getting a discount, new study claims September 15, 2023 Supermarkets such as Tesco and Sainsbury’s could be hiking their ‘regular’ prices to make loyalty scheme customers feel they are getting a discount, according to a new report by Which. The consumer choice group analysed 141 Clubcard and Nectar card prices at Tesco and Sainsbury’s and tracked their pricing history back six months. According to [...]
Payally boss: Big Tech crackdown will kill London startups September 13, 2023 The UK needs to “loosen its grip” on Big Tech and steer away from copying the EU’s tough approach to the sector, the founder payments firm Payally has warned. “We need to be attracting big tech to London, not discouraging it,” Rafal Andzejevski told City A.M. “For right or for wrong, we left the EU, [...]
PRA hits back at claims it has been ‘captured’ by insurance sector September 13, 2023 The head of the banking and insurance regulator today rebuffed accusations that it had been "captured" by the insurance industry as it considers major reforms to the sector.
Planned rule changes for SME lending a ‘dramatic backward step’, challenger banks warn September 11, 2023 Richard Davies, chief executive of SME-focused challenger bank Allica, told City A.M. that the changes would be a "dramatic backward step".
Vodafone boss: Social media’s a good thing – it tells us what’s happening September 11, 2023 Vodafone's UK boss on immediate feedback, the merger with Three, and his cycling summer holiday
AI companies should to be allowed to build quickly, and we need to let them get on with it September 10, 2023 Dr Chris Kacher urges the world to set aside concerns and embrace a future inevitably laced with artificial intelligence.
Heathrow: competition regulator says airport charges should be reconsidered after errors made September 9, 2023 The competition regulator has provisionally found that some errors were made in a decision on how much Heathrow Airport can charge airlines. The Competition and Markets Authority (CMA) said it proposes to require aviation regulator the Civil Aviation Authority (CAA) to reconsider certain aspects of its conclusion. In February, the CAA said the cap on [...]
Lime looks to out-muscle Tier and Bird as e-scooter rivals scrap for profit September 9, 2023 E-scooter investors will be looking ahead to operator Lime’s half-year results next Tuesday.
Pets at Home and CVS shares plunge after CMA vows to investigate veterinary fees September 7, 2023 Shares in British veterinary services firms Pets at Home and CVS Group plunged on Thursday, after the UK’s antitrust watchdog launched a review into the market amid concerns that pet owners might not be getting a good deal. The Competition and Markets Authority (CMA) will look into the fees charged for veterinary services amid soaring [...]
Google faces £7bn UK legal claim over anti-competitive search engine practices September 7, 2023 Google is the subject of a new multibillion-pound legal claim in the UK which accuses the tech giant of shutting out competition in mobile search and driving up prices for consumers as a result. The claim, filed with the Competition Appeal Tribunal, is seeking around £7 billion in damages for UK consumers. It accuses the [...]