The UK’s Competition Commission (CC) has published a final set of remedies to address competition concerns in the local bus market, ending a two-year investigation.
UK Financial Investments, the company which manages the UK government’s shareholdings in financial institutions affected by the 2008 financial crisis, announced today that it is selling its holding in Northern Rock to Virgin Money for £747 million.
The UK’s Competition Commission has announced the areas it will examine in its probe of Alpha Flight Group (AFG) and Lufthansa Service Group (LSG)’s joint venture agreement.
British Airways has brought 32 airlines into legal proceedings regarding an alleged international air cargo cartel, to limit the effects of damages claims brought against it.
The UK’s Office of Fair Trading is examining broadcaster BSkyB’s acquisition of Virgin Media Television to determine whether the deal presents any competition issues.
Construction company Kier has launched an appeal against the UK Office of Fair Trading’s £17.9 million fine imposed on it for bid rigging. Lawyers say the appeal could have repercussions for the OFT’s future fining policy.
The former head of the UK’s Office of Fair Trading, John Vickers, has been placed in charge of an independent commission to examine competition in the banking sector.