Archive of all Competition and Markets Authority articles – Page 45
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NewsAbsence of promised GCA powers leaves dairy farmers in the cold
The cavernous Church House venue next to Westminster Abbey, home to this week’s GCA conference, is so imposing that it could have comfortably fitted in a few hundred more delegates on top of the 200 or so that did turn up. In fact, it’s a pity that ...
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NewsExtension of GCA powers could take years
CMA reveals that any further powers would require fresh investigation or new legislation
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NewsNew GSCOP probe threatened after BBG survey reveals agreement breaches
Move from back margin to front margin is causing ructions in supplier-retailer relationships
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Analysis & FeaturesFerrero take over of Thorntons raises more questions than answers
Thorntons shares shot up by more than 40% this morning after news emerged that a takeover bid from Italian chocolate giant Ferrero valued it at £111.9m. But what are the key questions around what a Ferrero-owned Thorntons would look like?
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NewsPoundland shares sink despite £1bn breakthrough
Shares in Poundland sank more than 6% this morning despite sales at the discount retailer breaking the £1bn barrier for the first time.
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NewsCity snapshot: Profits up 18.6% at Poundland but it cautions over first half trading
Poundland’s full-year underlying pre-tax profits were up 18.6% to £43.7m as annual sales hit £1bn for the first time, plus board changes at Poundland and the FTSE 100 hits a five month low.
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NewsMark Allen set for £1.2m pay-out for 'transforming' Dairy Crest if Müller deal a success
Dairy Crest CEO Mark Allen is in line for a potential £1.2m windfall if the proposed £80m acquisition of its liquid milk operation by Müller gets signed off by the UK competition watchdog.
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NewsMüller's Dairy Crest acquisition on verge of fresh investigation
£80m deal for Dairy Crest’s loss-making dairies operation could be referred to a ‘phase two’ investigation unless “acceptable undertakings” were offered
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NewsPoundland shares fall to all-time low after house broker downgrade
Shares in Poundland have fallen today to their lowest price since the discount chain floated in March 2014 on the back of a downgrade from its house broker.
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NewsRegulatory green light for Pork Farms acquisition of Kerry Foods’ pastry business
The Competition & Markets Authority has announced this afternoon it has cleared the acquisition by Pork Farms Caspian of the chilled savoury pastry business of Kerry Foods.
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Comment & OpinionHigh-strength alcohol bans could breach competition law
Public authorities are increasingly asking retailers to help deliver social, health and other policy objectives
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Comment & OpinionBooker's £40m swoop on Musgrave GB looks like a steal
To gain an extra 2,000 stores and an extra £1bn in buying power for the cost of a couple of Extras looks like a steal…
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Analysis & FeaturesTPG Poundworld deal piles the pressure on all retailers
Takeover is yet more recognition of sector’s growing popularity
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NewsReckitt Benckiser K-Y Jelly deal leads to more friction with competition watchdog
Durex owner Reckitt Benckiser’s attempt to acquire the K-Y Jelly brand is to come under more intense scrutiny from the UK’s deal watchdog as a result of concerns over higher prices for shoppers.
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NewsCity snapshot: Waitrose sales edge up as customers shift to summer products
Total sales edged up by just 0.1% at Waitrose in the week to 16 May, the CMA raises more concerns over Reckitt Benckiser’s takeover of KY and all the rest of the news from the City.
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NewsRetailers blast latest Which? 'dodgy deals' claim
Retail leaders have furiously denied the latest claims from Which? of so-called supermarket “dodgy deals”.
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InterviewsPoundland CEO Jim McCarthy: the Big Interview
The £55m deal for rival 99p Stores is on hold while the CMA investigates. So what does Jim McCarthy plan in the meantime?…
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News
Poundland to push ahead with 99p Stores takeover
Poundland has decided to press on with its attempt to acquire rival discount chain 99p Stores and go to a more in-depth investigation process by the UK’s Competition and Markets Authority.
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NewsCity snapshot: Sainsbury's falls to first loss in a decade
Sainsbury’s (SBRY) has recorded its first annual loss in a decade after property writedowns and other one-off charges took their toll. Plus Poundland presses ahead with 99p Stores bid, Finsbury Food Group acquires Johnstone’s Just Desserts and all the latest from the City.
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NewsCity Snapshot: Former Morrisons boss takes home £2.1m in final 12 months
Sacked Morrisons CEO Dalton Philips was given a total pay package of £2.1m last year, which included a £1m annual bonus. Plus East of England Co-op reports full-year results and Divine Chocolate merges UK and US businesses.