Archive of all Competition and Markets Authority articles – Page 37
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NewsMedia Bites 30 June: Walgreens Boots Alliance, Tesco/Booker, Greene King
Stefano Pessina’s ambition to turn Walgreens Boots Alliance into a global drugstore group was dealt a blow by US regulators after he was forced to scrap a $17.2 billion takeover of Rite Aid, writes The Times.
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NewsCity snapshot: Tesco/Booker request swift move to in-depth competition investigation
Tesco and Booker have requested that the Competition and Markets Authority fast track its investigation into deal to a more in-depth phase 2 investigation. Plus Greene King raises revenues despite “demanding backdrop”, DS Smith swoops for US packaging firm and all the rest of the latest news from the City
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NewsEnergy suppliers blocked from 'locking in' micro businesses
The Association of Convenience Stores has welcomed the move from the Competition & Markets Authority
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NewsWarm June weather boosts supermarket sales growth to multi-year high
Warm weather in June helped the UK grocers to their largest monthly year-on-year rise in sales since July 2013, according to market share data from Nielsen, while Kantar Worldpanel finds the best supermarket growth since March 2012.
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Comment & OpinionOwning wholesale will embed big four in almost total dominance
We have very early notice of the consequences for the entire grocery sector of failing to stop Tesco-Booker
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Analysis & FeaturesTesco Q1 results: analyst reactions
During the quarter it reported a 1.3% growth in customer transactions – some ten million more than last year
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NewsBooker deal 'will free up £500m war chest for Tesco'
A successful merger “will give Tesco a £500m war chest to fight against wholesale and supermarket price hikes”…
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NewsCity snapshot: CMA finds Heineken’s Punch Taverns deal could reduce competition in 33 local areas
The Competition and Markets Authoroty has ordered Heineken to address competition concerns over 33 local areas across Great Britain, but said the £305m deal raised no competition issues for brewers. Plus all the latest news from the City
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NewsCity snapshot: Mounting inflation drives highest discounter growth since 2015
Mounting food price inflation is driving consumers back into the hands of Lidl and Aldi, according to the latest market share figures
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NewsMedia Bites 31 May: Tesco, Booker, Co-op Bank, M&S
Three former Tesco directors charged with fraud are seeking to have the case against them dismissed, arguing that no false accounting took place, while Tesco CEO Dave Lewis is to be called as a witness.
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Comment & OpinionJudgment day now looms for Tesco-Booker
Now it is time for the industry to respond with its observations and objections
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NewsTesco-Booker merger investigation opened by CMA
The phase I investigation was launched today (30 May), with comments to be submitted by 13 June. A decision will follow on 25 July
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NewsMcColl's Jonathan Miller 'open to supply deal with Booker'
McColl’s CEO Jonathan Miller said he would be open to a supply deal with Booker
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NewsMedia Bites 22 May: McColl's, Tesco/Booker, M&S, Unilever, Coca-Cola
McColl’s CEO Jonathan Miller is eyeing a possible takeover of Tesco’s One Stop chain if the supermarket has to sell assets to get its Booker merger passed the CMA. Plus, the papers focus on the upcoming M&S results.
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NewsCity snapshot: Coca-Cola HBC revenues up 5.2% in first quarter
European Coke bottler Coca-Cola HBC saw revenues rise 5.2% at constant exchange rates in the first quarter driven by higher prices in emerging markets. Plus, strong first quarter sales growth at Refresco and Henkel, Diageo fights £107m tax demand and all the rest of the latest news from the City.
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NewsMedia Bites 11 May: Diageo, Aldi, Pret A Manger, Just Eat
Diageo, the drinks company behind Johnnie Walker, Smirnoff and Guinness, is to pay HMRC £107m under the “Google tax” crackdown aimed at multinationals.
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NewsJust Eat faces CMA in-depth inquiry into £200m Hungryhouse takeover
The CMA is worried that the loss of competition from the combination of the two companies could lead to worse terms for restuarants who use either of the takeaway services
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NewsCity snapshot: Record Kerrygold performance drives 9% revenues surge at Ornua
A record performance by Kerrygold has helped Irish dairy group Ornua increase revenues 9% in 2016 to €1.8bn. Plus, Compass announces its first-half results; the CMA is to investigate the Just Eat takeover of Hungryhouse; Ahold Delhaize reports it Q1 results; and Eagle Eye appoints a new COO
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Comment & OpinionTesco and Booker should provide more clarity on deal
Uncertainty over the Tesco-Booker deal is inevitable given the unprecedented nature of the deal