CMA

Transport giant Arriva's takeover of rail services in northern England has stifled competition and could push up fares on certain routes, the Competition and Markets Authority (CMA) has warned.

A report by the competition watchdog ordering monthly unarranged overdraft fees to be capped has been criticised by the Treasury Committee for not going far enough.

Banks have been told they must take part in an "Open Banking revolution" and allow customers to manage their accounts with multiple providers through a single digital app by early 2018, as part of a package of measures designed to "shake up retail banking for years to come".

Energy regulator Ofgem has announced that an interim price cap set to save four million people on prepay meters around £75/year will come into effect from next April.

The competition watchdog has said it will force energy suppliers to open up customer databases to let rivals offer those on standard tariffs better deals, as part of a series of measures to reform the energy market. But if you're worried about being spammed, you now won't get emails unless you opt in.

The competition watchdog has called for monthly unarranged overdraft fees to be capped as part of its recommendations to overhaul the way banks work.

A multi-billion pound merger between O2 and Three has been blocked due to concerns over the impact the proposed deal would have on UK mobile customers.

Asda is so far the only supermarket to confirm it will change its price promotions in light of an investigation by the competition watchdog into pricing tactics.

Four million households on prepaid energy tariffs will see prices temporarily capped and energy suppliers will be forced to open up customer databases to allow rivals to offer those on standard tariffs better deals, under wide-ranging plans to reform the energy market announced today.

The competition watchdog has today launched a review into the cloud storage sector – where data such as photos, music and documents are stored virtually – following concerns over practices that may potentially breach consumer law.