UK’s Competition and Markets Authority (CMA) News

UK to Probe Unilever’s Environmental Claims as Part of Greenwashing Crackdown

Britain’s competition watchdog said on Tuesday it would scrutinize environmental claims made by UK consumer goods giant Unilever about certain household essential items, amid a wider crackdown on greenwashing. The Competition and Markets Authority (CMA) said it is seeking to …

Major European Power Cable Suppliers Face UK Class Action Over Alleged Cartel

Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages over allegations that a cartel led to inflated electricity charges for at least 30 million consumers in Britain. The proposed …

UK Regulator to Review ‘Crippling’ Post-Grenfell Property Insurance Costs

Property insurers have forced “crippling costs” onto residents of apartment blocks in the aftermath of the Grenfell disaster, the U.K. government said as it requested a review of the market. Some residents in medium- and high-rise buildings have seen their …

UK Competition Regulator Ends Probe Into Gallagher’s Planned Purchase of Willis Re

Britain’s competition watchdog said on Monday it will not refer insurance broker Arthur J Gallagher & Co’s planned $3.25 billion purchase of Willis Towers Watson’s treaty reinsurance brokerage business to an in-depth investigation. The Competition and Markets Authority said it …

UK Competition Authority Investigating Gallagher Bid to Buy Willis Re

The UK’s Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the treaty reinsurance business of Willis Towers Watson by Arthur J. Gallagher & Co. In a brief statement, which says the probe was …

Reports Call for Reducing Big 4 Accounting Firms’ Dominance in British Company Audits

Britain needs a new watchdog to shake up the country’s “Big Four” accounting firms and reduce their dominance of the market for auditing companies’ books, two government-requested reports said on Tuesday. The reports’ proposals mark the most radical attempt yet …

UK Regulator Approves Xchanging’s Acquisition of Agencyport Europe

Business technology and services provider Xchanging plc announced that the UK’s Competition and Markets Authority (CMA) has delivered its formal decision to clear the completed acquisition of Agencyport Europe. Xchanging said the acquisition would “broaden and strengthen its existing insurance …