In 2014, the Competition and Markets Authority launched an investigation into the personal current account and the small and medium sized enterprises of the retail banking sectors.
The reasons for the investigation were: concerns raised about the low level of customers shopping around and switching banks; customers having difficulty in comparing banks due to lack of transparency; limited entry of new banks to the market; expansion within the sector which prevented smaller providers being able to develop; and the four largest banks market shares moving very little.
It is believed that competitive pressures are weak, so banks do not have to work as hard on prices or the quality of their service. The Competition and Markets Authority (CMA) want banks to work harder for their customers.
First published by Admin on August 04, 2016 in the following categories: Latest
The Competition and Market Authority (CMA) has carried out an investigation in to the merger of companies Beijer Ref Ab and HRP Holdings Limited.
The CMA carried out an investigation, based on information from third parties and Beijer, as to whether there was still competitive factors that would not breach competition law after the merger.
First published by Admin on August 03, 2016 in the following categories: Latest
The Competition and Market Authority (CMA) are investigating the potential merger between Ladbrokes Plc and certain business in the Gala Coral Group Limited.
While the merger has not happened yet, the CMA have provisionally found that merger of the two companies could lead to competition concerns.
First published by Matt on July 15, 2016 in the following categories: Latest
Competition law is a specialist and technical area of law.
We help people claim damages against organisations who have broken the law on fair competition. In today’s society we are governed by important legislation that is designed to allow fair competition to take place in the markets so consumers can benefit as well as businesses.
But when businesses put profits before their customers… That’s when we get involved.