Unilever has announced plans to ditch PricewaterhouseCoopers after 27 years and is set to move its £18 million a year audit to rival KPMG.
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Sunday 10 April 2011
In an angry exchange of letters, Andrew Tyrie, the head of one of Parliament's most powerful committees, describes the decision by Angela Knight, the head of the British Bankers' Association, not to appear before or to respond to the committee's inquiry into competition in the industry as "incomprehensible".
Sunday 27 February 2011
Friday 25 February 2011
Outlook It was Centrica's turn yesterday, but ask any of the big six energy providers in the UK about profit margins and customer exploitation and you will get a similar answer: gas and electricity prices in the UK are lower than almost anywhere else in Europe, and countless – 15 or more – regulatory probes into the sector have passed without any substantive competition issues being identified.
Monday 20 December 2010
The European Commission is expected to clear News Corporation's planned £12bn buyout of BSkyB this week.
Saturday 27 November 2010
The man taking on Britain's greedy energy companies at last?
The very same, although you might ask why it has taken so long: Mr Buchanan has run Ofgem, theregulator that polices the gas and electricity companies, since 2003. In his defence, there have been a string of reviews and investigations on his watch. We'll have to see what thelatest probe, unveiled yesterday, comes up with.
Thursday 18 November 2010
Outlook The suggestion yesterday from Ed Vaizey, the minister for culture, that Britain might allow internet service providers to charge content providers for the traffic they generate – threatening the principle of net neutrality – is a giant step.
Wednesday 09 June 2010
Tesco's share price slid yesterday on the news that Sir Terry Leahy will step down as chief executive officer next year. It is an understandable reaction from investors. Sir Terry has been a phenomenal retailer since he took control of the supermarket chain 14 years ago. Under his direction, Tesco has overtaken Sainsbury's to grab 30 per cent share of the UK grocery market. A grocery business founded on the philosophy of "pile 'em high, sell 'em cheap" has managed to attract shoppers from across the social spectrum.
Thursday 29 April 2010
Raymarine urged shareholders to take no action yesterday after its giant American rival Garmin tabled a bid, saying it would pay 15p a share cash for the debt-laden marine equipment manufacturer.
Saturday 30 January 2010
Loan rates are starting to gradually fall, however, providers continue to be very selective on who they will offer their best deals to with many of the most competitive products available to existing customers only.
Wednesday 13 January 2010
The European Union's designated antitrust commissioner said he considered the EU's high fines an effective deterrent to cartels or monopoly abuse.
Thursday 17 December 2009
Intel, the world's leading microchip maker, which is already facing the largest European Union fine for anti-competitive practices, was yesterday hit with further legal action in its main market, the US.
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