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      The valuation would cement Monzo's status as one of Britain's biggest tech start-ups.

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competition and markets authority

  • Class action vehicle lawsuit settles at £55m less than original value

    Legal

    A class action lawsuit representing millions of UK motorists and businesses affected by inflated shipping fees has settled for £57m less than its original £150m target. The claim, brought by class action representative and former Which? campaigns specialist Mark McLaren, alleged that from October 2006 to September 2015, leading European shipping companies had breached competition [...]

    Caledonia has bought a majority stake in DTM for £55m
  • Google to pay £260m to settle ‘unfair’ pricing class action lawsuit

    Lawsuit

    Google’s parent company, Alphabet, has agreed to pay £260m to settle a class action lawsuit that alleged the US company imposed “unfair and excessive” charges on app developers selling apps on the Google Play Store. The case, brought to the Competition Appeal Tribunal (CAT) by competition law professor Barry Rodger on behalf of UK app [...]

    Googles modern Kings Cross headquarters showcasing innovative architecture in Londons dynamic tech district
  • Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers

    Property

    Seven of Britain’s largest housebuilders are facing a class action lawsuit worth a potential £4.5bn in damages over allegations they overcharged 700,000 buyers of new-build properties. Mark McLaren, former parliamentary and legal affairs manager at consumer group Which?, is planning on launching the claim against FTSE 100 firms Barratt Redrow and Persimmon, FTSE 250 companies [...]

    Luxurious London skyline showcasing prime real estate with modern skyscrapers under a clear blue sky
  • Regulator wins decade-long pricing tussle with Pfizer

    June 19, 2026

    The UK competition watchdog has won permission to appeal in a case against US pharmaceutical giant Pfizer after a long-running legal battle over allegations of excessive pricing, overturning a previous decision by the Tribunal. The court said the Competition Appeal Tribunal (CAT), was “wrong to set aside the [Competition and Market’s Authority’s] decision” in relation to [...]

  • Associated British Foods toasts approval for £75m Hovis takeover 

    June 16, 2026

    FTSE 100 giant Associated British Foods has been given the green light for a £75m takeover of Hovis, creating the UK’s biggest bread brand. Associated British Foods (ABF) has been cleared to snap up Hovis after the competition watchdog accepted that the foods giant would likely exit the bakery sector in Great Britain and Northern [...]

  • ‘Languishing share price’: CVS under pressure to turn around performance from activist investor

    May 13, 2026

    One of the UK’s largest veterinary groups is facing increased pressure from an activist hedge fund to improve its performance after competition regulators concluded a probe into high prices in the sector. Canada-based Converium Capital, which holds a two per cent stake in the FTSE 250 group, threatened to rally shareholders to nominate directors to [...]

  • The £4.2m CMA sledgehammer over drip pricing that is totally out of proportion

    April 17, 2026

    There’s a particular kind of institutional vanity that mistakes noise for impact.  It’s particularly prevalent in Whitehall and abundant especially in those – like many in our government today – who have only ever worked in the bureaucratic state or legal profession. The CMA’s triumphant announcement this week — it’s very first fine under the [...]

  • Drop the drip pricing: Consumer watchdog snarls at sneaky fees added late in online bookings

    April 16, 2026

    Online consumers hit by ‘drip pricing’ – when last-second, unavoidable costs are added at the checkout – may be about to save some cash, as websites levying such ‘sneaky fees’ move to the forefront of a crackdown from regulators. The Competition and Markets Authority announced its latest action against this illegal-but-widespread practice yesterday. It slapped [...]

  • In focus: Getty and Shutterstock merger gets CMA probe

    October 20, 2025

    The $3.7bn (£2.7bn) merger between Getty Images and Shutterstock is to be the subject of an in-depth probe from the UK’s competition watchdog after ‘substantial concerns’ were flagged. The deal, which was first announced in January, had already attracted the eye of the Competition and Markets Authority (CMA) in June but will now be looked into [...]

  • Google could be forced to change search in the UK

    October 10, 2025

    Google may be forced to make changes to how its search engine operates in the UK after the competition watchdog granted it ‘strategic market status’ under the country’s new digital markets regime. The Competition and Markets Authority (CMA) confirmed the designation on Friday, giving it new powers to impose rules on Google’s search and advertising [...]

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