joining us now from the competition and markets authority is senior director daniel gordon. nd why you feel it is necessary? our announcement today is an interim report to be put out on oui’ an interim report to be put out on our market study that we launched six months ago and it contains the initial findings six months ago and it contains the initialfindings into six months ago and it contains the initial findings into the funeral sector and the cremation sector. as you said we are worried about the prices, in the last ten years we found prices have increased by over two thirds for a funeral so the typical cost is about £4300, that increase is not just typical cost is about £4300, that increase is notjustjustified as far as we increase is notjustjustified as faras we can increase is notjustjustified as far as we can see by any cost increases or improvements in quality so we are worried there is vulnerable consumers here who potentially are being exploited at a time of great need. this is it, recently bereaved and in no position to shop around. and given cremation is account

britain's funeral market is facing an investigation after the competition watchdog found prices have been soaring for "well over a decade." the competition and markets authorityrganising a funeral — more than on food, clothing and energy combined. our personal finance correspondent simon gompertz is here. how is it that prices have risen so steeply? the competition and markets authority blames the big national chains for pushing up prices, but also funeral directors in general for taking advantage of the fact that when this happens to our families we tend to want to get it sorted very quickly, we take the first price we see or a firm that a family has used, and they have the opportunity to keep the prices up. let's have a look at what has happened to the price of the average funeral, which stands at the moment at £4271. the interesting thing is that has gone up by 68% over ten yea rs, that has gone up by 68% over ten years, which is nearly three times the rate of inflation. and within that, the price of a typical cremation is £733, up by 84% and people have said that it is shocking and unjustified. what can we do about it? we can wait for the authorities to t

that plan is being considered by the competition and markets authority. xplained more about the planned merger. competition authorities have a role to play. they are an evidence based authority and they will look at the analysis and tell us what we need to do in orderfor the analysis and tell us what we need to do in order for the transaction to ta ke do in order for the transaction to take place. the key thing for customers is this is a unique opportunity to bring the organisations together to lower costs, and ultimately that will result in lower prices for customers. this is the most competitive sector in uk industry. so there is more choice to customers available than ever, whether it is in shops or increasingly online. we would make a strong case to the authorities that they should look at this in the round and ultimately it will result in lower prices for customers. that was the chief executive of sainsbury‘s. the headlines on bbc news at 9:16am. prince charles vows to keep his opinions to himself when he becomes king. in his own words he's "not that

and all the details so that at the end of it there is a very clear position for there is a very clear position for the uk market. and you, catherine shuttleworth. that competition and markets authority as the future of smartphones. no, she is not the future of smart things, she is the new chair of tesla! she is taking overfrom elon musk as the chair of the company. you might remember that the regulator, when it comes to america, the sec see, they said that elon musk would have to leave as chairman as part of that settlement following the now in tweet that he was going to ta ke the now in tweet that he was going to take the company private back in august so all the now infamous tweet. oh, i've got all of my stories here, haven't i?! i'm going to wonder if it here. let's talk about the duke of york. he said this morning that entrepreneurs should continue in gauging with saudi arabia despite the murder last month of the journalist jamal khashoggi. —— conte engaging. he made those comments at the pitch at palace, quite controversial. i'm going to moonwalk back over here. and this is the future of smart things. we talking about a folding screen. unfolded the phone looks like a tablet. wh

britain's funeral market is facing an investigation after the competition watchdog found prices have been soaring for well over a decade. the competition and markets authoritytheir annual outgoings on organising a funeral, more than on food, clothing and energy combined. 0ur personal finance correspondent simon gompertz is here. these figures are quite staggering. why are the up so much? the authority blames some of the big chains for pushing up their prices but also funeral directors in generalfor taking but also funeral directors in general for taking advantage of the fa ct general for taking advantage of the fact that when we are in that situation, having to organise a funeral, they don't want to spend time on that and you simply want to be involved in the bereavement and sorting that out and so people tend to ta ke sorting that out and so people tend to take the first price that comes their way or use a firm that their family has used before. they take advantage of that. let's have a look at what has actually happened to some of the prices. the average price of a funeral in this country, which is £11271, and that's up 68% over ten years. prices have gon

sainsbury‘s is the proposed as the acquisition, we will hear in the new year from the competition and markets authority sinking. the ship was returning from a nato military exercise when it collided with an oil tanker. the damage to the frigate — now listing heavily to its side — was to such an extent that the captain was forced to run the ship aground to stop it from sinking. all those onboard were evacuated — eight people are being treated for minor injuries. the ea rliest—known painting of an animal has been identified in a cave on the island of borneo. the faint reddish image dates from a0,000 years ago and was drawn using iron oxide pigment. it‘s thought to depict a type of wild cow that still lives in the region. victoria gill reports. these mountain forests have been hiding a secret of our human past — a secret that scientists have now set out to reveal. this australian and indonesian team spent days travelling by canoe, then trekking through the jungle. it was all to reach this one limestone cave in east kalimantan. its walls are covered in some of the world‘s first paintings. among hand stenci

markets. later on we will see gina miller. this is bloomberg. ♪ >> this is "bloomberg surveillance." the swiss competition authority has started a probe against credit suisse andhree other companies. the regulator is investigating if they colluded in payment services such as apple pay. uber are slowing, particularly in its food delivery business. that was a most half the rate of growth. the company which plans an ipo next year lost $1.1 billion in the last three months. the california utility pg&e on the possibility that equipment started one of the wildfires. shares plummeted after the company announced it exhausted its credit line. damages from the fire make up over $15 billion, far more than pg&e has. that is the bloomberg business flash. francine: welcome back to "bloomberg surveillance." we are here in westminster. in the last 20 minutes, the brexit secretary resign. it could have implications for theresa may. , noays on twitter democratic nation has signed up to be bound by such an extensive regime. without any democratic control, nor the ability to decide the arrangement. we will have more on that, the pound is trading down sharply. resigned.nic raab th