Category: CMA
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Google vows tougher measures on fake reviews after CMA probe
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Google has committed to stronger guarantees against fake online reviews in the UK by promising to tighten the screws on misleading practices and punish companies and individuals who turn to being strengthened by their stars by fraud. The agreement comes in the aftermath of an investigation by the CMA, which…
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Kakuzi directors escalate fight with CMA over insider dealings probe
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Eight directors of Kakuzi Plc have moved to the High Court seeking to prevent the Capital Markets Authority (CMA) from investigating them over alleged conflicts of interest and financial irregularities. In a petition to the court, the directors said the Capital Markets Tribunal erred when it allowed the CMA to…
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Kakuzi directors escalate fight with CMA over insider dealings probe
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Eight directors of Kakuzi Plc have moved to the High Court seeking to prevent the Capital Markets Authority (CMA) from investigating them over alleged conflicts of interest and financial irregularities. In a petition to the court, the directors said the Capital Markets Tribunal erred when it allowed the CMA to…
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MPs summon Thugge, CMA boss over NSSF bonds trade
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Parliament has summoned Central Bank of Kenya Governor Kamau Thuji and Capital Markets Authority CEO Wycliffe Shamia over suspicious bond trading between some brokers and the National Social Security Fund. The National Assembly’s Finance and National Planning Committee wants the two regulators to shed light on alleged irregularities in bond…
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CMA clears three more firms to trade at Nairobi coffee auction
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The Capital Markets Authority has granted full coffee brokerage licenses to three companies, allowing them to trade on the Nairobi Coffee Exchange (NCE). The regulator also granted a six-month extension to a special licence allowing New Kenya Planters Co-operative Union Plc (NKPCU) to trade as a coffee broker. The special…
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Petrol Stations Overcharge UK Drivers by £1.6bn in 2023, Says CMA
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Petrol stations have come under fire after overcharging UK motorists by £1.6bn last year, according to the Competition and Markets Authority. The regulator’s findings reveal that fuel margins – the difference between wholesale cost and pump price – have remained well above pre-pandemic levels. The Competition and Markets Authority said…
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CMA fines auditor, company directors over Sh8m for breach of trading rules
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The Capital Markets Authority has fined several directors of listed companies including the auditor over Sh8 million for breaching trading rules in the financial year ending June 30, 2023, new disclosures have revealed. While the authority did not disclose the companies or individuals affected by the sanctions, it said that…
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CMA Launches Probe into Nationwide’s £2.9bn Takeover of Virgin Money
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Britain’s competition watchdog has launched an investigation into Nationwide’s £2.9bn takeover of Virgin Money, examining potential antitrust concerns. The Competition and Markets Authority (CMA) confirmed the investigation on Friday, setting July 26 as the deadline for its initial decision. The investigation by the Capital Markets Authority will assess whether the…
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CMA Considers Capping Vet Prescription Fees Amid Sector Probe
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The UK Competition and Markets Authority (CMA) is considering capping veterinary prescription fees as it digs deeper into the sector to address concerns that pet owners are being overcharged for treatment. The CMA’s formal investigation comes after it received 56,000 responses from pet owners, vets and charities following a review…