Diageo Plc offered to pay 114 billion rupees ($1.9 billion) to gain control of United Spirits Ltd. in a second attempt to extend its reach in the world’s largest whiskey market. United surged to a record.
The British markets regulator is opening an investigation into how banks set and monitor fees for customers who exceed overdraft limits, after finding that many pay too much.
The U.K.’s financial markets watchdog will review how credit-card companies treat distressed borrowers as it takes over responsibility for regulating consumer credit.
The U.K.’s biggest power utilities fell in London trading on speculation a regulatory review may lead them to separate their generation and retail operations.
Diageo Plc narrowed the bidders for its Whyte & Mackay spirits business to suitors including Lion Capital LLP and KKR & Co. LP, according to people familiar with the matter.
Payday lenders face an investigation into how they treat customers that struggle to pay back short-term loans, the U.K.’s top markets watchdog said.
The U.K.’s future competition authority will decide before year-end whether to conduct a investigation of banking services for smaller companies and retail customers.
Groupon Inc., the largest Internet daily-deal site, is being investigated by Britain’s competition regulator over concerns including unfair promotions and exaggerated savings.
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.
The Financial Conduct Authority said it would investigate the sales practices in the pension industry to better understand why retirees don’t seek out better deals and switch providers.