News

Unilever has announced plans to ditch PricewaterhouseCoopers after 27 years and is set to move its  £18 million a year audit to rival KPMG.

Too late for Lang to cut off electricity mergers: comment

Poor little Northern Electric. The spirited defence it launched yesterday against its US assailant seems unlikely to do the trick, even though the shares promise to pay out 20 per cent of their value next year with 10 per cent a year promised thereafter. Northern's largest shareholder, the Pru, seems prepared to give it a whirl, but with Labour now fully committed to a much harsher regulatory regime on top of the windfall profits tax, most shareholders are going to just take their 650p a share and run.

Cowie bus deal goes to MMC

Cowie, the North-east of England bus group and car dealer, saw its shares dive 7 per cent yesterday in reaction to a surprise announcement that its pounds 282m acquisition of British Bus had been referred to the Monopolies and Mergers Commission.

German cartel proposal opposed

Britain is fighting a rearguard action to block German plans for the creation of an independent cartel authority to vet mergers and takeovers throughout the European Union.

Open skies cloud the issue for BA deal

This week Ian Lang, the Trade and Industry Secretary, has his first opportunity to scrutinise the Office of Fair Trading's recommendations on the proposed alliance between British Airways and American Airlines.

British Gas's Goldfish angers watchdog

British Gas could be heading for another confrontation with the industry regulator, Clare Spottiswoode, this time over this week's high-profile launch of "Goldfish", the company's venture into the credit card business.

Disposals likely to spark war for Lloyds Chemists 450 words here like this here

A renewed bidding war for Lloyds Chemists drew closer yesterday after it said agreements had been reached for the depot sales demanded by competition authorities.

Nat Express rail referral puts bus bids on guard

Bus companies may be put off bidding for rail franchises after yesterday's announcement by the Department of Trade and Industry that the Monopolies and Mergers Commission was to investigate the acquisition of the Midland Main Line franchise by National Express.

OFT crosses swords with Labour

The Director General of Fair Trading, John Bridgeman, set himself on a collision course with Labour yesterday by rejecting one of the key changes the party would make to competition policy once in power.

Labour plans bid overhaul

The Labour Party is considering a plan to keep rival bidders at bay after companies have had their takeovers referred for a monopolies investigation. This would be a substantial shift in policy from the present government's position.

CBI backs Labour on reform of MMC

The Labour Party and the Confederation of British Industry have reached almost identical conclusions about how to reform Britain's competition authorities, it emerged yesterday.

Labour to woo British Gas by scrapping regulator

Labour is planning to relax controls over British Gas by scrapping Ofgas, the power industry regulator.

BT and Oftel to lock horns over local calls

A new battle between BT and the telecoms regulator Oftel is about to break out over the expected growth in the market for local telephone calls. According to BT's own estimates growth in local calls will slow to 2 per cent a year in the five years from 1997 from a post-war average of 5 per cent.

Oftel toughens stance on BT

BT faces a fresh round of controversy over plans by the watchdog, Oftel, to acquire far-reaching new powers against anti-competitive practices. The regulator is understood to be toughening its stance on potential abuse by BT of its market position and, unless the company agrees the changes, the matter will be referred to the Monopolies and Mergers Commission.

British Gas to hold back on domestic price cuts

British Gas has decided against slashing prices to maintain market share when competition is introduced in the spring, giving rivals an unexpectedly clear run at the domestic market.

OFT boss seeks wider powers

PETER RODGERS
Property
pets
Arts and Entertainment
tvThe C-Word, TV review
Arts and Entertainment
The Ridiculous Six has been produced by Adam Sandler, who also stars in it
filmNew controversy after nine Native American actors walked off set
Sport
Danny Jones was in the Wales squad for the 2013 World Cup
rugby leagueKeighley Cougars half-back was taken off after just four minutes
Life and Style
The original ZX Spectrum was simple to plug into your TV and get playing on
techThirty years on, the ZX Spectrum is back, after a fashion
News
Tiger Woods and Lindsey Vonn are breaking up after nearly three years together
peopleFormer couple announce separation in posts on their websites
Sport
football
Life and Style
Google celebrates Bartolomeo Cristofori's 360th birthday
techGoogle Doodle to the rescue
Arts and Entertainment
Haunted looks: Matthew Macfadyen and Timothy Spall star in ‘The Enfield Haunting’
tvThe Enfield Haunting, TV review
News
news
Latest stories from i100
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 1 May 2015
Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Russell Brand's interview with Ed Miliband has got everyone talking about The Trews

Everyone is talking about The Trews

Russell Brand's 'true news' videos attract millions of viewers. But today's 'Milibrand' interview introduced his resolutely amateurish style to a whole new crowd
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living