All the updated news related to competition and markets authority

All the news related to competition and markets authority updated in real time

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Challenger banks jump ahead of industry giants for customer satisfaction

Challenger banks have overtaken high-street banks in a survey ranking how satisfied people and firms are with their services amid the worsening cost-of-living crisis. Starling Bank and Monzo were the top-ranked current account providers, while ...

15 Aug 2022 at 14:03

City

Watchdog drops case against Barratt Homes in leasehold mis-selling scandal

An investigation into alleged mis-selling by housebuilder Barratt Homes has been dropped by the competition watchdog after it found “insufficient” evidence to take legal action. Four of the UK’s biggest housebuilders came under scrutiny from ...

16 Aug 2022 at 15:19

Sinking value of the pound ‘adds £5 to tank of petrol’

Drivers are paying an extra £5 for a tank of petrol due to the fall in the value of the pound, according to new analysis. Pump price savings from the cost of oil dropping back to where it was before Russia invaded Ukraine are being ...

24 Sept 2022 at 01:01

City

Watchdog says it could approve Morrisons’ takeover of McColl’s

The UK competition watchdog has indicated it could push through the rescue takeover by Morrisons of convenience chain McColl’s after the supermarket firm offered to address competition concerns. Earlier this month, the Competition ...

23 Sept 2022 at 13:24

Music streaming market is offering ‘good outcomes’ for consumers, watchdog says

Streaming now dominates the music industry, but it is delivering a good range of choices for consumers, an initial analysis by the competition watchdog says. The Competition and Markets Authority (CMA) said 80% of recorded music ...

26 Jul 2022 at 15:25

City

Inmarsat takeover faces competition probe as rival UK satellite firm eyes merger

The £5.4 billion takeover of UK satellite giant Inmarsat by US firm Viasat is to be investigated over competition concerns, the industry watchdog has announced. Concerns over the impact of foreign takeovers in the industry ...

25 Jul 2022 at 17:45

British Airways ‘suspends ticket sales for short-haul flights from Heathrow’

British Airways has reportedly suspended selling short-haul flights from Heathrow for at least a week. Tens of thousands of flights have already been cancelled this summer as the industry struggles to cope with the demand ...

02 Aug 2022 at 10:02

British Airways suspends ticket sales for short-haul flights from Heathrow

British Airways has suspended selling short-haul flights from Heathrow Airport for several days. Customers will be unable to book onto domestic or European services flying from the west London airport until Monday August ...

02 Aug 2022 at 17:57

Big retailers failing to cut fuel prices in line with wholesale cost, RAC warns

Major retailers are failing to reduce petrol prices in line with falling wholesale costs, the RAC has warned. The roadside recovery firm said the wholesale cost of unleaded – the price when it arrives at forecourts – is ...

03 Aug 2022 at 13:06

Airlines accused of ‘harmful practices’ in treatment of passengers

Airlines have been accused of “harmful practices” in their treatment of passengers affected by disruption. The Competition and Markets Authority (CMA) and the Civil Aviation Authority (CAA) have issued a joint letter ...

21 Jul 2022 at 12:37

City

Asos, Boohoo and George at Asda subject to greenwashing probe by regulators

Regulators have launched a probe into whether fashion giants Asos, Boohoo and George at Asda are misleading their customers over their green credentials. The inquiry will examine whether the brands are pulling the ...

29 Jul 2022 at 11:32

Dominic Raab asks BBC presenter how much petrol is in cost-of-living clash

Justice Secretary Dominic Raab has asked a BBC presenter how much a litre of unleaded petrol costs, adding: “I’m just checking how in touch you are.” It comes as fuel prices have climbed to record highs, with ...

20 May 2022 at 11:24

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