UK: Competition watchdog hits Heathrow with US$2m fine

UK: Competition watchdog hits Heathrow with US$2m fine

According to a report from Reuters, Britain’s competition watchdog imposed a £1.6 million (US$2 million) fine on Heathrow Airport on Thursday, October 25, after finding that the airport and the owner of Heathrow T5 Hotel Limited had infringed competition law. Heathrow Airport and Arora Holdings—parent of Heathrow T5 Hotel—had admitted in September to limiting competition […]

UK: Competition watchdog gives final clearing to SSE-Npower merger

UK: Competition watchdog gives final clearing to SSE-Npower merger

A merger between SSE and Npower’s retail operations has been cleared by the UK’s competition watchdog. The Competition and Markets Authority (CMA) said it had given final clearance to the deal after concluding households would still have “plenty of choice” on standard variable tariffs (SVTs). It found the two providers were “not close rivals” on the tariffs, […]

Bulgaria: PPF appeals antitrust ban on Nova buy

Bulgaria: PPF appeals antitrust ban on Nova buy

According to SeeNews, investment group PPF announced that it has appealed the decision of Bulgaria’s competition authority to ban the acquisition of Sofia-based Nova Broadcasting Group by PPF. “We can confirm that we filed an appeal against the decision of the Bulgarian antimonopoly office about Nova Broadcasting Group,” PPF Group spokeswoman Zuzana Migdalova wrote in an […]

UK: Barclays rapped by competition watchdog after second PPI breach

UK: Barclays rapped by competition watchdog after second PPI breach

The UK’s competition watchdog has taken action against Barclays after it failed, for a second time, to send annual payment protection insurance (PPI) reminders to some of Littlewoods credit card customers. The Competition and Markets Authority (CMA) claims that between October 2016 and October 2017, Barclays failed to send reminders to 2,265 Littlewoods credit card […]

Australia: Competition Commission probing potato contracts

Australia: Competition Commission probing potato contracts

Following a complaint by an unnamed Tasmanian farmer, Australia’s competition watchdog is looking into contract negotiations between vegetable processor McCain Foods and growers in Victoria and Tasmania. As part of the investigation, the Australian Competition and Consumer Commission (ACCC) sent out letters to potato suppliers for the company’s Victorian and Tasmanian plants in early June. […]

New Zealand: Regulator launches new “whistleblowing” tool

New Zealand: Regulator launches new “whistleblowing” tool

The country’s competition watchdog hopes to encourage more people to anonymously dob in cartels. The Commerce Commission announced a new “whistleblowing” tool it was providing would let people contact it about cartel behavior without the risk of being identified. “Cartel conduct is hard to detect because it is often conducted in secret,” general manager of […]

UK: Pension scheme advisers avoid break-up

UK: Pension scheme advisers avoid break-up

The three largest investment consultant firms to the UK’s £1.6 trillion (US$2.1 trillion) pension fund industry face tougher rules and mandatory tendering, but have escaped a forced break-up after a probe by the competition watchdog, reported Financial Times. The so-called “big three” of Mercer, Willis Towers Watson, and Aon had feared they could be forced […]

UK: Watchdog probes Stars Group, Sky Bet union

UK: Watchdog probes Stars Group, Sky Bet union

The UK’s competition watchdog is probing The Stars Group’s US$4.7b acquisition of Sky Betting & Gaming (SBG). On Tuesday, Canada’s The Stars Group (TSG) announced that it had completed its acquisition of SBG, which the company originally announced in April. The Competition and Markets Authority (CMA) announced that it was “investigating the completed acquisition” and […]

Ireland: Competition watchdog investigates Reach’s takeover of Express Newspapers

Ireland: Competition watchdog investigates Reach’s takeover of Express Newspapers

The Competition and Consumer Protection Commission of the Republic of Ireland (CCPC) announced that a preliminary investigation found further analysis would be needed to determine whether the proposed acquisition by Reach, formerly Trinity Mirror, would harm competition in the country. The regulator is launching a Phase 2 investigation into Reach’s takeover of Richard Desmond’s Northern […]

New Zealand: Watchdog lays charges against Spark

New Zealand: Watchdog lays charges against Spark

New Zealand’s competition watchdog has filed 11 charges against telecom company Spark, alleging the telecom misled customers. The charges were filed in Auckland District Court by the Commerce Commission under the Fair Trading Act and cover the period 2 June 2014 to 7 December 2017. The Commerce Commission alleges Spark overcharged customers for broadband data […]