Office Of Fair Trading

Office Of Fair Trading News

• Britvic Casts Doubt on Reviving Barr Merger After Clearance

  Britvic Plc cast doubt on resurrecting its proposed merger with A.G. Barr Plc after the U.K.’s main antitrust regulator provisionally cleared the combination of the soft-drink makers.

• Barclays CEO Says New Consumer Banks Face Market Share Battle

  Barclays Plc Chief Executive Officer Antony Jenkins said new entrants to Britain’s consumer-banking market will find it hard to win market share as the Co-Operative Bank Plc struggles to meet regulatory capital targets.

• U.K. Lawmakers Urge Regulator to Be Tougher on Consumer Credit

  The U.K.’s retail credit market regulator lacks adequate information on lenders and should be more aggressive toward firms that breach consumer protection rules, a panel of lawmakers said.

• Britvic Gains as Cost Cutting Plans Reduce Merger Uncertainty

  Britvic Plc, the U.K. maker of Robinsons Barley Water, rose the most in more than eight months after saying it will shut factories and reduce staff after abandoning a merger with A.G. Barr Plc.

• U.K. May Force Gasoline Retailers to Display Prices on Motorways

  Prime Minister David Cameron has asked his newly formed policy unit to look at whether gasoline retailers could be forced to display the prices of motorway service stations more prominently, the premier’s office said.

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  Global Regulators Probing Oil-Price Reporting Compliance

  Global financial supervisors are reviewing whether benchmark price-setters for the oil market are meeting international standards amid a European Union probe into potential manipulation of the $3.4 trillion-a-year crude market.

• OFT Says Cineworld-City Screen Deal May Cause Higher Prices

  Cineworld Group Plc’s acquisition of City Screen Ltd. may reduce competition in five British cities, a U.K. antitrust regulator said.

• Groupon’s Advertising Practices Are Being Probed by Office of Fair Trading

  Groupon Inc., the largest Internet daily-deal site, is being investigated by Britain’s competition regulator over concerns including unfair promotions and exaggerated savings.

• Office of Fair Trading Says Some Postal Gold Firms May Have Breached Rules

  The U.K.’s Office of Fair Trading said it is consulting with some companies that buy gold from customers through the mail because they may have breached consumer-protection legislation.

• EU Markets Law, EU Bank Supervisor, SEC: Compliance

  European Union nations must resume talks on a draft law to overhaul the bloc’s financial market rules, after ambassadors failed to resolve a clash between the U.K. and Germany on competition in derivatives clearing.

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