Archive of all Competition and Markets Authority articles – Page 45
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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.
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NewsPork Farms acquisition gets thumbs up from competition watchdog
Pork Farms is a step closer to completing its acquisition of Kerry Foods chilled savoury pastry business after the monopoly regulator provisionally cleared the deal.
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Comment & OpinionWhich? thing to get angry about? We just don't know
We’ve had superheroes, supersizing, super-injunctions and this morning we had a new one to get our heads around – the super-complaint
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NewsWhich? issues 'super-complaint' over supermarket pricing
Which? described its super-complaints as its “most powerful legal weapon” as the CMA will now be compelled by law to respond within 90-days
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NewsPoundland sticks to its guns forcing in-depth CMA investigation of 99p deal
Poundland £55m acquisition of rival discounter 99p Stores will face in-depth scrutiny from the Competition and Markets Authority after the group decided not to allay the watchdog’s monopoly fears.
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NewsMedia bites 15 April: Poundland, CPI inflation, Phones4u
Most of the papers remark upon Poundland breaking through the £1bn sales barrier yesterday.
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NewsPoundland sales break through £1bn despite fourth quarter slowdown
Sales at Poundland soard through the £1bn barrier last year after the fixed price discounter achieved an 11.8% revenue boost on a constant currency basis.
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NewsCity Snapshot: Carr's posts record first-half performance
Listed agriculture and milling group Carr’s has increased pre-tax profits despite its revenues dipping in a record first-half performance. Plus Halfords loses another leading executive.
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NewsCity News: Rollercoaster ride for Poundland as CMA investigation steps up
The announcement caused an immediate plunge in Poundland’s share price before bouncing back minutes later