“The key issue for the CMA is, will enough competitive tension exist to force the new combined company to pass its savings to the consumer? Whilst Aldi and Lidl have made good progress with their cost-based approach of smaller stores and a limited range, the buying power of the new combine should more than combat those advantages.
Published: 22 September 2018
Commenting on today’s developments, Deirdre Michie, chief executive at the industry trade association, said: “Following hard on the heels of recent merger and acquisition activity, today’s announcements are very good news indeed for the UK’s offshore oil and gas sector. After three difficult years, they reinforce the gathering strength of belief in the future of the UK North Sea as we move slowly out of the downturn caused by the oil price slump.
Published: 3 December 2017
GMB, the union for energy workers, is calling on the Labour Party front bench to commit to downgrade Ofgem in line with the Helm report and push for the SSE Npower merger to be blocked. The union has written to Rachel Reeves, chair of the Business, Energy and Industrial Strategy Committee and Rebecca Long-Bailey the Shadow Secretary of State for BEIS seeking their support.
Published: 1 December 2017
I would expect job cuts. PSA has done it before and there is no other way to realistically achieve the cost savings they have in mind, which might possibly mean plant closures as well. Whether this is a Vauxhaul/Opel plant or a Peugeot plant is hard to say at the moment. From Professor Christian Stadler.
Published: 13 March 2017