Modest proposals will not make the audit process any more watertight

Andrew Tyrie’s report recognises the value of more competition, but tinkering at the edges won’t make it happenCompanies go out of business all the time, but big companies should be an exception. They have responsibilities to the communities where they…

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The big four auditors are failing – and the watchdog’s report won’t change that | Prem Sikka

The near-collapse of BHS, Carillion and the bailed-out banks wasn’t spotted. The CMA’s remedy shows it is not fit for purposeWhat do BHS, Carillion, Conviviality, Quindell, Aero Inventory, the Co-op Bank, and London and Capital Finance have in common? …

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Watchdog calls for UK’s big four accountancy firms to be split up

Competition regulator says huge outfits should also have to work with smaller rivalsThe “big four” accountancy firms could be partially split up and forced to work with smaller rivals, under proposals made by the competition watchdog following a number…

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Viagogo offering tickets to Michelle Obama at more than three times face value

Listings appear to breach law as London’s O2 arena says buyers risk being turned awayThe ticket resale website Viagogo has been criticised for advertising tickets to see Michelle Obama speak this weekend at far above face value, despite the risk that b…

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Competition watchdog to investigate funeral sector as prices escalate

Cost has increased by 6% each year – twice the inflation rate – for past 14 years, says CMABritain’s competition watchdog is launching an investigation into the funeral market after it found the cost of organising one increased by 6% each year – twice …

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UK watchdog orders Spanish car hire firms to reveal hidden costs

CMA takes cross-border action against companies accused of misleading practices Britain’s competition authorities have for the first time taken cross-border action against Spanish car hire firms, following widespread complaints about misleading practic…

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Sainsbury’s and Asda offer to sell up to 150 stores to secure merger

They would also shut 38 petrol stations to try to persuade competitions watchdog on dealSainsbury’s and Asda have offered to sell off up to 150 supermarkets and 38 petrol stations in an attempt to persuade the competition watchdog that their £7bn merge…

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Sainsbury’s £1bn reveal is unlikely to move the competition authority | Nils Pratley

The supermarket’s merger with Asda would permanently reshape the UK grocery marketSainsbury’s pitch to the Competition and Markets Authority didn’t work the first time, so here comes chief executive Mike Coupe with another plea. His big reveal was a fi…

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Sainsbury’s to publish price cut data if Asda merger goes ahead

Supermarkets ‘happy to be held to account’ on reducing prices by £1bnSainsbury’s has promised to publish an annual breakdown of the £1bn-worth of price cuts it has promised shoppers if it merges with Asda, as it scrambles to reverse the competition wat…

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