UK: Balmoral loses legal fight overprice fixing fine

UK: Balmoral loses legal fight overprice fixing fine

The Competition and Markets Authority (CMA) issued the penalty to Balmoral Tanks, a subsidiary of Aberdeen-based engineering services company Balmoral Group, after it was found illegally exchanging price information in a secretly recorded meeting in 2012. The watchdog stated that Balmoral, a supplier of steel water tanks, took part in an exchange of competitively-sensitive information […]

UK: Brexit priority for CMA in annual plan

UK: Brexit priority for CMA in annual plan

The CMA is publishing its annual plan when the timing and nature of the UK’s exit from the EU remain uncertain. The plan makes clear that CMA will be ready to step up to its additional responsibilities, including a new UK state aid function, whether at the end of March or later. Whilst a ‘no […]

EU: EC gives greenlight on CMA CGM’s US$1.6B bid for Ceva

EU: EC gives greenlight on CMA CGM’s US$1.6B bid for Ceva

Shipping company CMA CGM’s bid to enter the freight forwarding market took another step forward as the ocean carrier opened up its US$1.68 billion bid for Ceva Logistics to the company’s public shareholders. Last week, the European Commission’s takeover board ruled that the combination of the fourth largest ocean carrier by size and the Swiss […]

UK: NED and panel members appointed to CMA board

UK: NED and panel members appointed to CMA board

Business Secretary Greg Clark has appointed Cynthia Dubin as a non-executive director and Robin Foster, Colleen Keck, Karthik Subramanya, Shrinivas Honap, and Maria da Cunha as panel members to the Competition and Markets Authority (CMA). The CMA is a non-ministerial department and the UK’s primary competition and consumer authority. It has responsibility for carrying out […]

UK: CMA ready for increase workload after Brexit

UK: CMA ready for increase workload after Brexit

According to the Financial Times, the Competition and Markets Authority (CMA) is gearing up for a big increase in responsibilities and workload after Brexit, including an array of cases that could put it under the political spotlight. At present, the European Commission investigates the biggest mergers and competition cases affecting EU markets and citizens, and […]

UK: CMA investigates 1,600% price increase of liothyronine over 8-year period

UK: CMA investigates 1,600% price increase of liothyronine over 8-year period

The Competition and Markets Authority (CMA) has refined its window of investigation into the alleged “excessive and unfair pricing” of liothyronine tablets, which it says has seen the NHS overcharged by millions of pounds. The CMA initially suggested in November 2017 that Advanz Pharma (formerly Concordia) had overcharged the NHS over the course of ten […]

UK: CMA clears airport services merger

UK: CMA clears airport services merger

The Competition and Markets Authority (CMA) on Thursday, January 17, cleared Menzies Aviation’s takeover of part of Airline Services’ business after an in-depth investigation allayed competition concerns. Both firms supply airlines in the UK with support services, including the de-icing of aircraft and ground handling. An initial Phase 1 probe raised concerns that the merger […]

UK: No breakup for Big Four accountancy firms

UK: No breakup for Big Four accountancy firms

The UK’s Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA), The Guardian reported on Tuesday (Dec. 18). Instead, the watchdog is suggesting that major audits of top companies be conducted by at least two firms, one of which must not […]

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 […]

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