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Competition and Markets Authority (CMA)

  • Retailers hit back at Healey’s ‘profiteering’ threat

    Retail

    Retailers have hit back at the Chancellor’s warning against profiteering, saying they will prove they have fought hard to keep food prices down during the Iran war. Chancellor John Healey said at the weekend that the Treasury is prepared to crack down on any retailers which are taking Brits “for a ride” by using the [...]

    Chancellor John Healey smiling, wearing a navy suit, white shirt, and red tie.
  • ITV hands shareholders £100m returns after £1.6bn Sky deal

    Media

    ITV has announced a £100m share buyback as part of its commitment to return £950m to investors following its blockbuster £1.6bn Sky deal. The broadcaster said the “milestone” merger will “unlock significant value for shareholders,” as it posted a two per cent jump in revenue across the last six months.  Earlier this month, ITV agreed [...]

    Studios revenue rose three per cent to £893m, driven by an 11 per cent jump in external sales to streaming platforms.
  • Ryanair blasts ‘misguided’ watchdog over family seating probe

    Transport & Infrastructure

    Ryanair has slammed the “misguided” competition regulator over a probe into its family seating rules, claiming the watchdog has turned a “blind eye” to more serious issues. Michael O’Leary, the boss of the budget airline, claimed that the Competition and Markets Authority (CMA) has forced it to “reluctantly” make a rule change which will make [...]

    Michael OLeary speaking at a Ryanair press conference, dressed in a suit, discussing the airlines latest business updates

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