Amazon is considering diversifying its market share even further as emerging speculation suggests that the online giant plans to extend its pharmacy business to the UK.
Between 1992-2008, the fees Mastercard charged businesses for accepting payments from consumers in the UK (interchange fees) were too high. Consequently, UK consumers paid higher prices on purchases from businesses that accepted Mastercard. This breach of competition law could entitle 46.2m eligible Britons up to £300 each, making a potential mass consumer claim against the card provider worth just under £14bn.
The comparison website CompareTheMarket has been fined £17.9m for breaching competition law. It has done so by imposing wide “most favoured nation” clauses on insurers, preventing them from advertising cheaper rates elsewhere, and protecting its own site from being undercut by competitors.
Telecom company BT has signed a deal with Ericsson to use their 5G equipment to upgrade its EE mobile network, in a move to ditch reliance on Huawei.
A US congressional report has alleged that Amazon, Apple, Google and Facebook have all participated in anti-competitive business practices in order to quash their competitors.
Despite considering its options overseas, e-commerce retailer The Hut Group plans a London initial public offering (IPO) that would value it at around £4.5 billion, potentially the biggest listing of a British company in the UK since 2013.
Tesco plans to start offering free grocery delivery from online orders in a move designed to compete directly with Amazon Fresh.
Epic Games, the company behind Fortnite, has filed an antitrust probe against Apple for anti-competitive practices in California.
On 19 August 2020, American holiday rental marketplace Airbnb filed papers for its long-awaited Initial Public Offering (IPO). However, the decision to launch IPO proceedings comes as a surprise to analysts after Airbnb cut 25% of its workforce in May in light of the Covid-19 pandemic.
Swiss Chocolate company Milka has lost its long running battle over square chocolate bars with German rival Ritter Sport.