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UNCOVERED: 41 - The Untold Story

Confederate flags are banned from CMA country music festival, officials announce

One of the biggest country music festivals has put its boot down: No more Confederate flags.

Tribune News Service

Short Volatility Alert: Comerica Incorporated

On Tuesday, shares of Comerica Incorporated (NYSE: CMA) experienced volatile short activity. After the activity, the stock price went up +0.46% to $83.21. The overall sentiment for CMA has been Bearish.

Benzinga

BT-Warner Bros Discovery Sports Deal Invites UK Antitrust Inspection

BT Group Plc's (OTC:BTGOF) £633 million ($797 million) sports TV joint venture with Warner Bros Discovery, Inc (NASDAQ:WBD) is subject to antitrust scrutiny from the U.K.'s competition watchdog, Bloomberg reports. The Competition and Markets Authority enquired whether the transaction could raise competition concerns. Accordingly, CMA will decide whether to move to an in-depth probe…

Benzinga

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Regulator unwinds Babcock/CHC helicopter deal over competition concerns

The Canadian company must now sell the business it bought for £10m

Insider UK

Canadian Pacific Inks Multi-Year Deal With CMA CGM

Canadian Pacific Railway Ltd (NYSE: CP) (TSX: CP) established

Benzinga

McColl's rescue deal by Morrisons investigated by competitions watchdog

The CMA has opened an investigation into Morrison's recent takeover of the stricken convenience store chain

Birmingham Post

UK regulator warns takeover of Jus-Rol could push up pastry prices

CMA asks dough brand and French buyer Cérélia to also address its concerns about quality

The Guardian - UK

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Morning Brief: Top Financial Stories Dominating on Thursday, May 26

CNBC Two Major Tech Deals Come Under UK Government Scrutiny

Benzinga

Britain Competition Watchdog Launches Second Probe On Google

Britain's competition regulator launched its second probe into the advertising practices of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google for allegedly distorting competition and illegally favoring its services, Reuters reports. The Competition and Markets Authority examined three critical parts of the ad tech stack chain, services that mediate ad tech since Google owned the largest…

Benzinga

JD Sports boss Peter Cowgill quits as executive chairman with immediate effect

A former CFO of ASOS will become interim non-executive chair

Birmingham Post

JD Sports boss quits after £4.3 million CMA fine

The Executive Chairman of JD Sports has quit the company after it was fined £4.3 million by the Competition and Markets Authority (CMA).

Evening Standard

UK forced to bridge data gap after losing full access to EU food alerts – report

Regulators say loss of data sharing arrangements after Brexit has negatively impacted their ability to carry out their work, the NAO has warned.

The Independent UK

More powers for tech regulator to boost competition proposed

The draft Digital Markets, Competition and Consumer Bill would give more power to the Digital Markets Unit to curb the largest tech firms.

The Independent UK

UK watchdog will have power to impose huge fines on big tech firms

According to the government, Digital Markets Unit will protect small businesses and consumers

The Guardian - UK

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The Independent UK

UK tech regulator to get new powers in bid to boost competition, minister says

But it remains unclear when exactly the changes will come into force, as the DCMS says the necessary legislation will be introduced ‘in due course’.

Liverpool Echo

Morrisons announce huge changes to its petrol stations affecting drivers

Private equity firm Clayton, Dubilier & Rice (CD&R) has bought the retail giant

The Guardian - UK

Morrisons owner offers to sell 87 petrol stations to clear £7bn takeover

US private equity group Clayton, Dubilier & Rice is seeking approval for deal from competition regulator

Wales Online

Morrisons' new owner set to sell dozens of petrol stations

Moves come ahead of £7 billion takeover of the supermarket group

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Birmingham Post

One of the biggest M&A deals in Northern Ireland history falls through

Canadian company Ritchie Bros has pulled out of the deal after the UK competition authority stepped in

Asharq Al-Awsat

Individual Investors Doubled in Saudi Financial Markets

Recent official data revealed that over 4.7 million subscribers per capita are active in the proposals of financial markets in Saudi Arabia, according to the 2021 annual report of the Saudi Capital Market Authority (CMA). The annual report stated that the number of individual investors in IPOs jumped 4.7 times,…

Asharq Al-Awsat

Meta Fights to Overturn UK Order to Sell Giphy

Facebook owner Meta started its appeal on Monday against Britain's ruling that it must sell Giphy, arguing the fact that rival Snap offered far less to buy the animated-images provider undermined the rationale used to block the deal. Britain's Competition and Markets Authority (CMA) last year ordered Meta to sell…

Manchester Evening News

New rules coming into force to help homeowners save hundreds on their property bills

It is the first step in the government's plan to create a fairer housing system

Wales Online

Why one of Wales' leading tech firms needs to come out of Chinese ownership

The UK Government needs to use legislation to intervene on the acquisition of Newport Wafer Fab by Nexperia

Daily Mirror

Paying for fake reviews on sites such as Amazon and Tripadvisor will become a crime

Under the new rules, websites that act as host to such reviews may also be criminally liable, unless they take “reasonable steps” to check the reviews are genuine

Daily Record

Consumer watchdog given more powers to protect people from fake reviews and subscription traps

The average UK household spends around £900 each year influenced by online reviews.

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