Tag: Watchdog

Wedding firm raises refunds after watchdog steps in

Image copyright Getty Images Image caption Couples that had splashed out on dream wedding venues were struggling to get refunds Hundreds of brides and grooms whose weddings were cancelled by the Covid lockdown are to get bigger refunds, after the competition watchdog acted. Couples due to be married at venues owned by the Bijou Weddings group had complained to the… Read more →

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Google and Facebook too powerful, says watchdog

Image copyright Getty Images The UK needs tougher rules to curb the dominance of Google and Facebook, including powers to break them up, the Competition and Markets Authority has said. It is concerned that the firms’ dominance in digital advertising raises barriers for new competitors. This may be pushing up prices for consumers, the CMA said. The tech giants said… Read more →

Wirecard: Financial watchdog lifts restrictions on payments

Image copyright Getty Images The UK’s financial watchdog has lifted restrictions on German payments company Wirecard, allowing it to resume payment activities. The Financial Conduct Authority (FCA) imposed restrictions on the company’s UK arm after its collapse last week. Thousands of people could not access their money or make payments through apps as a result. “Our primary objective all along… Read more →

Coronavirus: Watchdog seeks new powers to fight inflated prices

Image copyright Getty Images Image caption Reports of price-gouging have involved hundreds of businesses, the CMA says The UK’s consumer watchdog has asked the government to bring in emergency laws to stop retailers profiteering during the coronavirus pandemic. The Competition and Markets Authority said it had written to “hundreds of businesses” charging inflated prices for products such as hand sanitisers.… Read more →

Watchdog blocks JD Sports’ takeover of Footasylum

Image copyright Getty Images The UK’s competition watchdog has blocked sportswear retailer JD Sports from taking over rival Footasylum, saying the purchase would leave shoppers worse off. The Competition and Markets Authority (CMA) said the £90m deal would leave shoppers with fewer discounts and lower quality customer service. JD Sports hit back, saying it “fundamentally” disagreed with the CMA. The… Read more →