UK: Construction firms admit to cartel activity

UK: Construction firms admit to cartel activity

The Competition and Markets Authority (CMA) has provisionally found that 3 drainage product manufacturers broke UK competition law by coordinating prices for customers and sharing the market. Two of the businesses, —Derbyshire-based Stanton Bonna Concrete and Somerset-based CPM Group—have admitted to breaking competition law by taking part in a cartel, which started in 2006 and […]

UK: Sainsbury’s and Asda challenge CMA over merger probe

UK: Sainsbury’s and Asda challenge CMA over merger probe

Sainsbury’s and Asda are seeking to take the competition watchdog to a judicial review – saying they have not been given enough time to argue the case for their merger. The planned tie-up between Britain’s second and third-biggest supermarkets has been referred for an in-depth investigation by the Competition and Markets Authority (CMA), expected to be […]

UK: PayPal-iZettle takeover in CMA crosshairs

UK: PayPal-iZettle takeover in CMA crosshairs

Britain’s competition watchdog announced on Wednesday, December 5, that PayPal’s US$2.2 billion takeover of Swedish financial technology startup iZettle would be referred for an in-depth review. The Competition and Markets Authority (CMA) stated PayPal had refused to offer proposals to address its concerns on how the deal—PayPal’s biggest ever—could hurt competition and could lead to […]

UK: CMA warns of no-deal Brexit

UK: CMA warns of no-deal Brexit

According to the Financial Times, the Competition and Markets Authority (CMA) has warned it will not have the resources to carry out some of its main functions if Britain leaves the EU in March 2019 without a deal in place. In a draft annual plan for 2019-20, published on Monday, December 3, the CMA stated […]

UK: CMA sees new panel appointments

UK: CMA sees new panel appointments

Business Secretary Greg Clark has appointed Kip Meek to the Competition and Markets Authority (CMA) Panel and subsequently the CMA has appointed him as an Inquiry Chair. His role will include chairing groups of CMA panel members making decisions on Phase 2 merger inquiries, market investigations and regulatory appeals, as well as taking part in […]

UK: Watchdog opens investigation into financial services

UK: Watchdog opens investigation into financial services

Britain’s competition watchdog has opened an investigation into “suspected anti-competitive arrangements” in the financial services sector, reported the Financial Times. “The case is at an early stage and no assumption should be made at this point that competition law has been infringed,” the Competition and Markets Authority (CMA) announced in a statement on Friday, November […]

UK: CMA closes pharmacy cartel

UK: CMA closes pharmacy cartel

The Competition and Markets Authority (CMA) has decided to close its investigation into the alleged anti-competitive agreements and concerted practices in relation to generic pharmaceutical products. The watchdog announced  its decision is based on administrative priority grounds. The authority further stated that it has not reached a view on whether there is sufficient evidence of […]

UK: CMA launches probe into British Airways transatlantic deal

UK: CMA launches probe into British Airways transatlantic deal

British competition regulators have launched a probe into a transatlantic pricing deal between British Airways and three other airlines, reported the Wall Street Journal. The Competition and Markets Authority  is investigating a series of commitments made by British Airways, American Airlines, Iberia, and Finnair to the EU, which also allow the quartet to cooperate on […]

UK: CMA publishes a study into pricing algorithms

UK: CMA publishes a study into pricing algorithms

The CMA has published a study into pricing algorithms and whether they could be used to support illegal practices. The research increases the CMA’s expertise at a time of widespread scrutiny of pricing algorithms and how they interact with competition law. The research posed key questions, including: can algorithms aid “personalised pricing,” where customers are […]

UK: Investors hold private talks to head off CMA

UK: Investors hold private talks to head off CMA

According to the Financial Times, eight investment consultants, including the “big three” of Aon Hewitt, Mercer, and Willis Towers Watson, are taking part in the talks, dubbed Project Spotlight. One intention is to develop standards for the disclosure of performance and costs charged to pension schemes. The meetings come as the UK’s Competition and Markets […]

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