and whether competition is strong enough to protect the interests of households? take the example of the supermarkets. it's striking that the competition and markets authorityhe other supermarkets, such as tesco and sainsbury�*s "did not respond in the way you would expect in a competitive market and instead raised their prices in line with these changes." some experts have argued for some time that the competition authorities have been stuck in a somewhat economically naive and outdated view on what they need to do to make sure markets deliverfor consumers. this view, they say, is based on the belief that an absence of direct proof of collusion on price setting between firms is sufficient. the belief that the market share of a particular firm is the key metric. the intellectual revolution was slightly sinister in the way. it came from a world run by an economics movement which invited regulators to focus on a rather narrow set of consumer welfare, doing rather detailed economic modelling of what might happen to prices as far as consumers were concerned. and certainly the effect, and i am inclined to believe the intention of all of that, was to emasculate a

i think the real actually the real the people really harmed by this inquiry is the competition and markets authoritynot theirjob in a competitor market to go around and tell companies what they can charge when there is competition. and as far as i'm aware, there's reasonable competition in the market for petrol and diesel. so if you don't like the prices at asda, you can go somewhere else. if you're on service station on you're on the service station on the you can usually the motorway, you can usually see before you get to see the prices before you get to the service station. it's the to the service station. it's the to the service station. it's the same if you're driving in the same if you're driving in the street. they're outside, you can and if you don't can see them and if you don't like price, can go like the price, you can go somewhere else and to come in on one particular company and say they're charging too much not they're charging too much is not meant job of the meant to be. the job of the competition markets competition and markets authority. meant their job authority. it's meant their

the competition and markets authority said supermarkets are usually the cheapest places to buy fuel butven up prices. the regulator says it will launch a "fuel finder scheme" to help drivers find better prices online. one of the uk's largest private pension funds has backed thames water to turn around its finances and performance, after fears the firm could collapse. uss, a major investor, is the first to offer its public support as the firm looks to secure extra funding. thames water is struggling with $17 billion worth of debt. much more on all those stories on the website. see you soon. goodbye. it has been closed since the autumn of 2019. first due to c verv g and then a massive project to rebuild then a massive project to rebuild the rail tracks right to the top. but now the trains are back and that means have ordinary can reopen for business. ~ , u, means have ordinary can reopen for business. ~ , ., , , ., business. when we first came appear the buildin: business. when we first came appear the building was _ business. when we first came appear the building was really _ business.

so there's this thing called cma, the competition called the cma, the competition and markets authorityng, the oft , and it trading, the oft, and it combined with the competition commission as the as the officials in whitehall sort of moved to deckchairs and so on. but now have cma, which but we now have the cma, which is body. it's an is a powerful body. it's an independent and official body and it examines particular sectors where it thinks competition may not be happening , retailers are , where maybe retailers are colluding and so consumers don't get a good deal basically. and there have been two really big investigations going on over the last couple of months . i'm going last couple of months. i'm going to tell you about the first one, which is supermarket hits selling fuel. right? so when you go to the supermarket and they've got petrol stations there use to fill there and you use them to fill up, and the results of this one actually out at the end of actually came out at the end of last week and it was barely noticed. last week and it was barely noficed.soi last week and it was b

so it will really be a big questionnaire on the second one obviously is that the uk competition and markets authority regardless of what has happened with us rulings, has agreed a stay of litigation and an openness to negotiation with microsoft but it doesn't actually guarantee it doesn't actually guarantee it will still approve it and it is still hanging a bit in the balance particularly as this deadline ofjuly 18 could close the deal is coming up. it is really interesting. - the deal is coming up. it is really interesting. some i really interesting. some reports suggest the competition and markets authority in the uk is also warming to the idea that its initial concerns about the impact on competition are kind of going away. it is talking about, the worry was it would hamper growth in cloud gaming because of its dominance?— gaming because of its dominance? , , , dominance? yes. it is very unusual— dominance? yes. it is very unusual to _ dominance? yes. it is very unusual to actually - dominance? yes. it is very i unusual to actually announce this day of litigation, normally when it is an objection

the uk's competition and markets authority has said drivers paid an average of six pence more per litre year and has blamed retailers increasing their profit margins. a report out today has made a number of recommendations, including a "fuel finder" scheme, to help people find the cheapest prices. earlier, i spoke to simon williams, who's fuel and road—safety spokesperson for the royal automobile club, or the rac. the wholesale price of fuel has fallen from where we were last year when we had record prices for petrol and diesel. but unfortunately the retailers didn't pass on those savings to drivers and today everything we've been saying for years in terms of our monitoring of the fuel market has been proven to be true, that the supermarkets have increased their margins and haven't given their customers and other drivers a good deal at the pumps. now hopefully today's landmark decision will lead to change. honor decision will lead to change. how will it lead to _ decision will lead to change. how will it lead to change? the - will it lead to change? the government _ will it lead to chan

the competition and markets authority said unclear pricing could be hampering people's ability to compare also called on the government to bring in reforms to tighten the law. it also said that prices were not being driven by weak competition. to the us now, where streaming giant netflix says it has added almost 6 million subscribers in the three months to the end ofjune. that's almost three times what wall street was expecting. it appears a password sharing crackdown is paying off. but its shares have fallen after quarterly revenue was lower than expected. we're nowjoined by tom harrington, head of television at enders analysis. tom, why the dip in the shares? it is a product of them are not being as successful as people thought they would be with their new endeavours. the advertising tear is going well, it is not growing particular well, but it is growing. it is a product of not going fast enough, even i they are moving forward. the actors and writers — they are moving forward. the actors and writers strike _ they are moving forward. the actors and writers strike might _ they are moving

supermarkets in the uk have been told by the competition and markets authority to make their pricingg also told the government to bring in reforms to tighten the law on this but it also said soaring food prices are not being driven by weak competition. tesla has cut its prices several times in major markets including the us and china with shares felling by more than 4% in after—hours trade in new york. that is it. you're now up to date with developments in the business world here on bbc news. and live updates on the news app. don't forget you can get in touch with me and some of the team on twitter. that's it for now, goodbye. bbc news, bringing you different stories from across the uk. cows controlled by the callers around their necks. controlled by the callers around their necks-— controlled by the callers around their necks. ., , ., ., their necks. you can see we have a solar panel— their necks. you can see we have a solar panel which _ their necks. you can see we have a solar panel which charges - their necks. you can see we have a solar panel which charges the i solar panel whic

some supermarkets are not displaying prices as clearly as they should, according to the competition and markets authority not always be able to compare prices properly and find the best deals. with me is our business correspondent, emma simpson. so what have they actually found? this is all about unit pricing, where you can see the unit cost of a particular product. instead, per100 grams. the numbers are they to help shoppers get the right price across different sizes. the problem is there has been a lot of inconsistency, so that's what the regulator is concerned about, as well as transparency. it wants the rules clarifying so that retailers must display the unit price for promotions. that's not surprising, given how popular loyalty cards are these days, so here is what the boss of the cma told me this morning. it only works really well if people can compare prices to get the best deal. there are problems with the rules around unit pricing. there are problems with compliance with those rules, and we're calling on the government to take action to improve those rules, and we're calling on retailers to impr

an investigation by the competition and markets refrerffv— the competition and markets authority has—n lockdown, breaking gatherings in rewrfre— lockdown, breaking gatherings in downing street— lockdown, breaking gatherings in downing street .— lockdown, breaking gatherings in downing street . ms grey was downing street. ms grey was efeeref— downing street. ms grey was cleared last— downing street. ms grey was cleared last week by the efvfeerv— cleared last week by the advisory committee on business krrefrfrrerfe— advisory committee on business krrefrfrrerfe fe— advisory committee on business appointments to start work as sir appointments to start work as sfr ker— appointments to start work as sir keir starmer's, chief of efeff— sir keir starmer's, chief of efeff fr— sir keir starmer's, chief of staff in september, the anti—corruption watchdog ruled it anti—corruption watchdog ruled ff ref— anti—corruption watchdog ruled ff ref eee— anti—corruption watchdog ruled it had seen no— anti—corruption watchdog ruled it had seen no evidence that her reefefer— it had seen no evidence that her

the competition and _ decision from the cma? tt2 competition and markets authorityn it comes to supermarket food prices, incredibly important, given the cost of living squeeze. they were looking at whether supermarkets were profiteering, the comments you mentioned from the governor of the bank of england and the chancellor. we know there are lower producer costs out there, are they being passed on quickly enough to shop is in supermarkets profiteering? and there were looking at unit pricing. things clear enough in—store? on the first part, they say they have found no evidence so far that high food prices have been driven by weak competition. essentially, that supermarkets have not been profiteering. they're going to keep looking into this on certain products. on the second part, they say not all retailers are displaying prices as clearly as they should. this could be hampering people was more ability to compare product prices. they're worried by consistency, like the tea bags, often per 100 grams and occasionally per tea bag. often per 100 grams and occasionally per

the competition and markets authority says it means those customers have paid in total around £900 millionromising a change in the law to increase competition. our business correspondent emma simpson reports. filling up at the pump. we buy nearly half our fuel at the supermarkets. it's usually the cheapest but according to the regulator, it may not be as cheap as it should be. i think it's absolutely disgusting. i think they should be supporting us, not trying to make it worse. it doesn't surprise me. just on the make all the time, aren't they? the price has come down a little bit but comparedl to what it used to be like, | ijust put in whatever i can but i don't normally fill the car right up because it costs - too much money. the watchdog has found that the gap has increased between what retailers pay for petrol and diesel, and what they sell it for. we've seen that competition between retailers of petrol and diesel is not as effective as it could be. we've seen retail margins increase over the last few years and that means motorists are paying more at the pump than they would be if comp

— the competition and market authorities for— the competition and market authorities forsupermarkets are being accused of us ing drivers using the enebbere— of us ing drivers using the enebbere anar— of us ing drivers using the shoppers that choose to shop at rnebr— shoppers that choose to shop at their supermarket— shoppers that choose to shop at their supermarket as cash cows to their supermarket as cash cows re bee— their supermarket as cash cows re runbe— their supermarket as cash cows to raise funds back that they beer— to raise funds back that they beer bubne— to raise funds back that they lost during the— to raise funds back that they lost during the pandemic. okay. mank— lost during the pandemic. okay. bbanb yeu— lost during the pandemic. okay. bbanb you very— lost during the pandemic. okay. thank you very much.- lost during the pandemic. okay. thank you very much. will. will hollis there asda and also a cashless and that fits in with our campaign at gb news. we want to stop this move towards- to stop this move towards a eaenbeee— to stop this move towards a cashl

the competition and markets authority warns less than clear pricing could be make it difficult for customerse that the big chains were profiteering from rising food prices. here's our business correspondent, emma simpson. are grocery prices higher than they should be? the regulator's been taking a look. its conclusion? soaring food inflation isn't down to a lack of competition, and it doesn't think retailers are passing on all their rising costs to consumers either. we haven't seen any evidence that the supermarkets are profiteering on groceries. we do think it's important to keep this market under review, though. we have heard from some of the supermarkets, some of the retailers, that they're looking for opportunities to rebuild their margins. and we are mindful that we would expect input costs to be falling over the coming months. so we want to make sure that that competitive pressure remains. but it wants to see government action on pricing. that's unit pricing, where supermarkets are required to display the unit cost of a product to make it easier to compare prices. take a look at this.

should in theory mean things are a bit clearer when you go shopping in store and the competition and markets authority profits rather than passing on lower wholesale cost? the regulator found passing on lower wholesale cost? the regulatorfound no passing on lower wholesale cost? the regulator found no evidence of this. the more interesting part was on unit prices and the regulator said not all retailers are displaying prices as clearly as they should which could be hampering the ability of people to compare product prices. on things like tea bags they found in some stores products were labelled unit price per 100 grams and on others they were labelled per tea bag, making it harder to work out which product offered the best value. they have written to retailers asking them to make changes or face enforcement action and they also want changes to the law which could take a bit longer. the government says it will consult on those law changes in the regulator says it will look at elsewhere in supply chains to see if there could be other problems that mean that profits are essentially being contained in par

have not been profiteering from the recent food price rises — that's the verdict of the competition and markets authoritys for supermarket shoppers is not down to weak competition. but it did say that supermarkets should be making more efforts to display prices more clearly — to help people find the best deals. our business correspondent emma simpson has the details. are grocery prices are higher than they should be? the regulator's been taking a look. its conclusion — soaring food inflation isn't down to a lack of competition, and it doesn't think retailers are passing on all their rising costs to consumers either. we haven't seen any evidence that the supermarkets are profiteering on groceries. we do think it's important to keep this market under review, though. we have heard from some of the supermarkets, some of the retailers that they're looking for opportunities to rebuild their margins. and we are mindful that we would expect input costs to be falling over the coming months. so we want to make sure that that competitive pressure remains. but it wants to see government action on pricing. that's uni

the competition and markets authority says drivers paid an average of an extra six pence a litre forwith diesel 13 pence a litre more expensive. the government is now promising a change in the law to increase competition. our business correspondent theo leggett is with me now. the competition regulator's been carrying out a major study into how much we pay for fuel. last year we saw a huge increase in prices between january and july. petrol and diesel went up by 50p a litre. now, a large part of that was down to factors like the war in ukraine — and prices have eased a bit since. but here's the catch — this red line is the average price of petrol at the pump. and this?is the wholesale price — what it actually costs retailers to buy the fuel they sell. the concern is that the gap between the two has been getting wider. and that when wholesale prices go up, extra costs are passed on to you and me very quickly. but when they go down, pump prices are very slow to follow. our main conclusion is that competition is not working well in this market. we've seen that competition between retail

the competition and markets authority says drivers paid an average of an extra six pence a litre forl, with diesel 13 pence a litre more expensive. the government is now promising a change in the law to increase competition. simon williams, the rac�*s fuel spokesperson, gave us this reaction. yes, consumers have been overcharged for some considerable time. the rac has a programme called fuelwatch. we monitor the price of retailfuel but also, crucially, the price of wholesale fuel. and for the last three months, the price of diesel on the wholesale market has been lower than petrol. yet if you go to virtually any forecourt across the uk, you will see diesel being priced above petrol. now, that is simply not right, it's not fair. it doesn't reflect what's going on at all and it's led to drivers being overcharged incredibly. in fact, we saw the margin on a litre of diesel at one point in may go to 25p a litre. now the long term margin is 7p a litre. we all know costs have increased and margins probably need to go up a bit to reflect that, to reflect operating costs, but 25p a litre comp

and welcome to the bbc news at six. drivers who bought their petrol from a supermarket forecourt last year paid an extra 6p per litre because of a lack of competition between companies. the competition and markets authorityeans those customers have paid around £900 million in additional costs. the government is now promising a change in the law to increase competition. our business correspondent emma simpson reports. filling up at the pump. we buy almost half of the appeal of the supermarkets because it is normally the cheapest but according to the regulator it may not be as cheap as it should be. i regulator it may not be as cheap as it should be-_ regulator it may not be as cheap as it should loo-— it should be. i think it is disgusting _ it should be. i think it is disgusting and - it should be. i think it is disgusting and they - it should be. i think it is i disgusting and they should it should be. i think it is - disgusting and they should be supporting us and not trying to make it worse. . , ., _, ., ., it worse. prices have come down a little but compared _ it worse. prices have come down a little but compared to _ it worse. prices have come down a little but compared to what - it worse. prices h

the competition and markets authority says it means those customers have paid around £900 million in est howard cox. he is running for mayor of london. thank you forjoining us. presumably the ship or something you welcome? , ., ~ presumably the ship or something you welcome? , ., ,, , ., presumably the ship or something you welcome? , ., ,, i. ., presumably the ship or something you welcome? , ., ,, ., ., welcome? yes, thank you for having me on. i welcome? yes, thank you for having me on- i am — welcome? yes, thank you for having me on. i am delighted _ welcome? yes, thank you for having me on. i am delighted that - welcome? yes, thank you for having me on. i am delighted that after i me on. i am delighted that after campaigning, i presented it to robertjenrick in 2018, the idea of having a pump watch pricing regulator. he was very excited about the anterior five years later, at last it is being implemented because evidence has been found of profiteering in the supply chain. what have these higher prices meant for drivers? , ' for drivers? huge suffered -- suffering _ for drivers? hu

the competition and markets authority says uk drivers have been paying over the odds for fuel since 2019 paid an extra six pence per litre. live now to bristol — where we can speak to simon williams — who's fuel and road—safety spokesperson for the royal automobile club — or the rac. why are we not seeing those price cuts trickle down to people at the four courts? the cuts trickle down to people at the four courts?— cuts trickle down to people at the four courts? ., , . ., four courts? the wholesale price of fuel has fallen _ four courts? the wholesale price of fuel has fallen considerably - four courts? the wholesale price of fuel has fallen considerably from i fuel has fallen considerably from where we were last year, we had record prices, with 191.5 petrol, and the need to pound a litre on average for diesel. but unfortunately, the retailers didn't pass on those savings to drivers. and today, everything we've been saying for years, in terms of monitoring the fuel market, has been proven to be true. the supermarkets have increased their margins, and haven't given their customers and ot

. >>> microsoft and activision-blizzard secured a two month-stay in the competition and markets authorityiving them more time to resolve the dispute this after both parties went to the london tribunal on monday after this would extend the deliberation process by six weeks. as part of the judgment, the cma must issue an explanation by thursday why it changed its mind this comes as microsoft and activision is in talks to extend the deal contract which is set to expire midnight tonight san francisco time this could put microsoft on the hook for $3 billion break fee if it chooses to walk away. there is a third option. microsoft could move to complete the deal without the cma approval in breach of uk law that could lead to a fine of 5% of the combined global revenue by this time tomorrow, we will know which option they have decided. the least disruptive is to extend the timing of the deal. this as warren buffett said it cut its deal in activision to 14.5 million shares putting the total holding of 1.9%. >>> morgan stanley and bank of america are the latest banks to report before the bell today

and compete with rival manufacturers. here in the uk, drivers paid an extra 6p per litre for fuel last year at supermarkets because of weaker competition. the competition and markets authorityces. the regulator says it will launch a "fuel finder scheme" to help drivers find better prices online. you are watching bbc news. that was of the latest business news. let's turn to another important story here. kevin spacey�*s trial in london has heard from an alleged victim who says he was groped by the actor, while he was driving a car. kevin spacey is accused of 12 sexual offences against four men, between 2001 and 2013. he denies the charges. our correspondent sanchia berg has the latest from outside the court. we had from the first witness, a man who said he was assaulted, grabbed, groped multiple times by kevin spacey in the early 2000 is when kevin spacey was spending a lot of time here, thanks to his work with the old vic. the man referenced one specific incidents that said happened when he was driving kevin spacey to a celebrity party out in the english countryside. he said, as you mentioned that kevin spacey made a grab for his crotch and squeeze so hard that he had to sto

what else did the competition and market authority have to say to the ceo about the deal and how it is progressing in the u.k.? >> thanks for having me. this morning we had them in the london studio to talk us through where they were in the probe. she made clear that the veto will still stand until microsoft offers up officially fresh restructuring and ideas. that is a big one that we need to keep in mind that those are to be freshly submitted. another thing that was an interesting point was after they consider microsoft's new proposals, if they still don't think those address the competition issues at heart, still could be vetoed again and we may go back to the phase we were at before where the competition of people were getting a fillet appeal. the most import thing you touched on a moment ago is they could debate any claims that you cme bowed to political pressure or -- ucme had bowed to political pressure. caroline: trying to still stand by their independence. what then does a deal, what recommendations, what remedies are likely to cut the mustard when it comes to the cma. >> she t

competition and— margins. an investigation by the competition and markets aurnonry— competition and markets authority has— competitionents on pride. so you could even argue that that's religious discrimination , wouldn't you? i discrimination, wouldn't you? i would love to see them do that to somebody of other communities , wouldn't you? i'm not sure that's going happen . it's now , wouldn't you? i'm not sure that'sreported happen . it's now , wouldn't you? i'm not sure that'sreported that pen . it's now , wouldn't you? i'm not sure that'sreported that jeremy's now , wouldn't you? i'm not sure that'sreported that jeremy hunty been reported that jeremy hunt is about this is deeply concerned about this and has ordered an investigation . right. okay. well, that investigation needs to take place, too. sweet. joining me now spokesperson now is reform uk spokesperson and brexit party mep. and former brexit party mep. it's the wonderful alex phillips. alex, thank you very, very much . this is an absolute very much. this is an absolute shocker. deal with the shocker. let's deal with the first thing first, which is that banks

it looks like microsoft may be winning over the competition and markets authority in the uk.dicated, was last week when the judge indicated, was last week when thejudge in the us, the district courtjudge in california, who said this actually is not only going to be, it's not going to be detrimental to consumers, it may well be helpful to them because microsoft has such wide reach and thereby, it could actually expand the access to gaming by the public at large so, it was a huge monumental shift and as a result of that, i think a number of other parties have fallen in line. one is the uk's own, additional authority, as well as, clearly, the competitors who realise this could be a done deal and they may as well sign on the dotted line in as good terms as they can now, rather than wait for later. �* ., , they can now, rather than wait for later-— for later. and actually doing this deal with _ for later. and actually doing this deal with sony - for later. and actually doing this deal with sony is - this deal with sony is significant, isn't it, because thatis significant, isn't it

competition and markets authority. join me for that conversation 10:40 a.m., london time.is bloomberg. ♪ dani: let's turn to south africa were the central bank paused for the first time after 10 straight hikes. that is after inflation cooled in june. let's get out to our africa correspondent in johannesburg. is south africa out of the woods now? >> not necessarily. the pause from the central bank on thursday was a surprise for many people because there was this expectation the central bank would hike 25 basis points. we heard from the governor is at this point in time it is apposite, not a full reversal -- it is a pause, not a full reversal or a stop. it does not mean this economy is out of the woods. he said although he is seeing signs of economic conditions slightly improving, there are external factors that could potentially worsen the conditions here. namely, if you think about locally, the power outages that have been affecting businesses, but there are also these ideas of weather conditions affecting food production down the road. also a lot of global, external, econ

the competition and markets authority said on clear pricing could be hampering people's ability to compare products. the cma said retailers should make the necessary changes, or risk facing enforcement action. it also called on the government to bring in reforms to tighten the law. our business reporter peter ruddick is in salford with the details. what does this report mean for consumers?— what does this report mean for consumers? . , , ~ , consumers? that will be the very key auestion i consumers? that will be the very key question i think _ consumers? that will be the very key question i think the _ consumers? that will be the very key question i think the chancellor, - question i think the chancellor, jeremy hunt, will be asking. the timing he was really interesting. we have fresh inflation figures out yesterday suggesting that the average headline inflation rate had eased a little, but that food inflation remained incredibly high. the chancellor, jeremy hunt, he directly question supermarkets questioning whether they were passing on lower costs quickly enough to consumers. the regulat

the competition and markets authority has been looking at two things.? the regulator found no evidence of this. it found not all retailers are displaying prices as clearly as they should, which could be hampering people�*s ability to compare product prices. 0n tea bags, they found some stores labelled them per 100 grams, and another as they were labelled per tea bag, making it harder to work out which product offered the best value. 0n out which product offered the best value. on this, they have written to retailers asking them to make changes or face enforcement action. they also want to war, which could take a bit longer. the government says it is going to consult on those law changes, and the regulator says it is also in to look elsewhere in the supply chain to see if there could be other problems that mean that profits are essentially contained in parts of the supply chain, and lower costs are not being passed on to us. chain, and lower costs are not being passed on to us— passed on to us. what are the supermarkets _ passed on to us. what are the su

cows after the competition _ customers like cash cows after the competition and markets aatnorttw— the competition and markets authorityer angela rayner, has that it leader angela rayner, has that t as— leader angela rayner, has that t as as— leader angela rayner, has that t as as ner— leader angela rayner, has that it as as her theme, what do you tntnt— it as as her theme, what do you tntnt tnat— it as as her theme, what do you think that she's— it as as her theme, what do you think that she's trying to get across? what's— think that she's trying to get across? what's the- think that she's trying to get across? p think that she's trying to get across? �*tftiit. ip 7 the across? what's the message? the message is across? what's the message? the nessaeg ts tnat— across? what's the message? the message is that local— across? ip7 the message is that local leaders otten— message is that local leaders otten know— message is that local leaders often know more— message is that local leaders often know more about what's going— often know more about what's gotng on— often know more about what's gotng on rtan— often know more ab

that's the findings of the competition and market authority, which says retailers could be hampering to make necessary changes or risk facing enforced payment and is calling on the government to tighten the laws around pricing display. on the government to tighten the laws around pricing display . the laws around pricing display. the eu's top diplomat, laws around pricing display. the eu's top diplomat , josep eu's top diplomat, josep borrell, says russia is responsible for causing a major global food crisis. on monday , global food crisis. on monday, moscow withdrew from the grain deal , which guaranteed the safe deal, which guaranteed the safe passage of ukrainian shipments through the black sea. ross russia has subsequently bombed storage facilities in odesa and other port cities and global wheat prices have soared following russia's threat to view ships bound for ukraine as potential military targets . two potential military targets. two people have been killed in a shooting in auckland in new zealand. it took place just hours before the women's world cup got underway there. six

and 29th of july. super markets are not displaying pnces markets are not displaying prices as clearly as they should be, preventing shoppers from finding the best deals. the competition and markets authorityers could be hampering people's ability to compare products. the watchdog is warning supermarkets to make the necessary changes or risk facing enforced court action. tv online dab+ radio and on tunein . this is gb news nato on tunein. this is gb news nato . back to . . back to. nigel good evening. i'm here in newport, south wales with a live audience . since i spoke out audience. since i spoke out a couple of weeks ago about the way i've been treated by coots , way i've been treated by coots, a subsidiary of natwest bank, the public reaction has been truly astonishing. >> i've asked people, please come forward and tell me whether you've a problem with your you've got a problem with your bank. we booked venue some bank. we booked this venue some time would believe time ago, but would you believe this venue, this club that has banked with natwest for 55 years is currently has its accounts suspended .7 you see, what i've suspended? you see, what i've learnt is this is not just about me fa

and 29th of july. super markets are not displaying pnces markets are not displaying prices as clearly as they should be, preventing shoppers from finding the best deals. the competition and markets authorityfound retailers could be hampering people's ability to compare products. the watchdog is warning supermarkets to make the necessary changes or risk facing enforced court action. tv online dab+ radio and on tunein . this is gb news nato on tunein. this is gb news nato . back to . . back to. nigel good evening. i'm here in newport, south wales with a live audience . since i spoke out audience. since i spoke out a couple of weeks ago about the way i've been treated by coots , way i've been treated by coots, a subsidiary of natwest bank, the public reaction has been truly astonishing. >> i've asked people, please come forward and tell me whether you've got a problem with your bank. booked venue some bank. we booked this venue some time would you believe time ago, but would you believe this venue, club that has this venue, this club that has banked with natwest for 55 years is currently has its accounts suspended .7 you see, what i've suspended? you see, what i've learnt is this is not just

an investigation by the competition and markets authority motty, has found that drivers paid an extra

and again. on the 29th of july. super markets are not displaying prices as clearly as they should be, which is now preventing shoppers from finding the best deals. the competition and markets authorityound retailers could be hampering people's ability to compare products. the watchdog is warning supermarkets to make the necessary changes or risk facing enforcement action. tv online dab+ radio and on tunein. this is gb news. now, though, back to .jacob it was announced last night that strike action over the past several months has caused disruption to nearly three quarters of a million appointments on this program . appointments on this program. >> we have covered at length the fact that junior doctors earned more than pretty much other more than pretty much all other graduates one from graduates after one year from graduation , as well as after ten graduation, as well as after ten years. these newly revealed figures have disrupted appointments. really do beg. the question that extra worth question is that extra pay worth it? especially considering the fact that the government has granted a pay granted junior doctors a pay rise in alignment with the independent pay review process . i

the competition and markets authority has found retailers could be hampering people's ability to compareucts . the ability to compare products. the watchdog is warning supermarkets to make the necessary changes or risk facing enforcement action, andifs risk facing enforcement action, and it's calling on the government to tighten the law around pricing displays and rush has imposed restrictions on the movements of british diplomats due to what it is calling london's hostile actions as diplomats, with the exception of the ambassador and three other senior diplomats are now required to give five days nofice required to give five days notice of any plans to travel beyond a 75 mile radius. britain's diplomatic representative was summoned to moscow to be reprimanded for what moscow said was support for the terrorist actions of ukraine and for the obstruction of russian diplomacy in britain . russian diplomacy in britain. and voting is well underway in the three by elections that are taking place in england today. the three seats are in london, uxbndge the three seats are in london, uxbridge and

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watchdog tells uk supermarkets the cma, which is the competitive and markets authority, says said basicallyot stoked that stores should not stoke food inflation as it looks into competition on key categories such as milk and baby food. and this is this is basically a non—story. you know, it is a real story. is it because it is a real story? because it shows how deep the state goes into every bit and pieces of somebody. you know what it is? >> it's the centralisation. >> it's the centralisation. >> it's the centralised centralisation . exactly of centralisation. exactly of everything. it's the death of love. it's well, it could cause the death of loves is, is the state is the worst to fight for competition. >> but what we seem to be what the specifics they seem to be talking about is like confusing people with deals. two for three for two. that kind of stuff is it or is that the problem here rather than it could be actually pnces rather than it could be actually prices it's prices not coming down. it's like work out what the like you can't work out what the best deal is, but why should the s

watchdog tells uk supermarkets the cma, which is the competitive and markets authority, says said basicallyld not stoked that stores should not stoke food inflation as it looks into competition on key categories such as milk and baby food. and this is this is basically a non—story. you know, it is a real story. is it because it is a real story? because it shows how deep the state goes into every bit and pieces of somebody. you know what it is? >> it's the centralisation. >> it's the centralisation. >> it's the centralised centralisation . exactly of centralisation. exactly of everything. it's the death of love. it's well, it could cause the death of loves is, is the state is the worst to fight for competition. >> but what we seem to be what the specifics they seem to be talking about is like confusing people with deals. two for three for two. that kind of stuff is it or is that the problem here rather than it could be actually pnces rather than it could be actually prices not coming it's prices not coming down. it's like work out what the like you can't work out what the best deal is, but w

no wonder why the competition and markets authority is bonnet up time at the supermarkets are they priceouging? they would deny that. are they being opportunistic? they would deny that cma launched an inquiry in may. it won't report till the end of july. get a move on, guys. this is one of the biggest political issues in the country. and then there's called core there's this thing called core inflation, which economists like me tend to put a lot of sway on. core inflation is the inflation number. when you remove things that are particularly volatile and often imported . so subject and often imported. so subject to exchange rate fluctuations , to exchange rate fluctuations, mainly food and energy. so let's pretend it's a world where people don't eat and they don't have to heat or cool homes have to heat or cool their homes or that's core or drive cars. that's core inflation. it's the kind of underlying price pressures, wage pressures coming through, supply chain issues. pressures coming through, supply chain issues . well, core chain issues. well, core inflation was 7.1% in may, a 30 year

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the chancellor asked the competition and markets authority to investigate and it will release its report the average fuel price in one year. for an idea of how those prices have changed, look at this graph! there is a lot of detail, let me talk you through it. this red line is the price of unleaded, the price we pay at the pump ? including vat, so some of this goes to retailers and some of it is tax. you can see it hit that high last summer ? nearly £2 a litre. that's because it followed the wholesale price — this line here. this is what petrol retailers pay to buy fuel in. it rose sharply because of the war in ukraine. it then fell and the pump price followed but is slightly behind and notice that wider gap between the two. and when you look at current average diesel prices, there is a bigger difference. thatis that is the difference between the pump price and the wholesale price. and just like with energy and food prices — when the wholesale cost falls, there's a delay before we see that drop reflected in what we pay at the till. but even so, analysts say the gap between the price at w

competition and market authority said it will extend the deadline for review of the takeover by six weekshe merger from going through, though it's been hit from legal set becky quicks >>> and hollywood actors are headed to the picket line. their union was unable to reach a deal with producers on issues ranging from wages to health benefits to guardrails over the industry's use of a.i. and residual payments based on streaming. fran drescher spoke on the unanimous vote to walk off the job. >> actors want to work, performers want to work, workers want to work what is this maniacal need to put people out of business because why? you can save a nickel or a dime? it's sick. >> and writers will also strike at the same time and that hasn't happened since the early 60s >> and leslie picker joins us with a wrap. all largely better beats, leslie >> yeah, beats across the board, citi, jpmorgan reporting and wells fargo and jpmorgan raising guidance for full-year net interest income as a measure of profitability from loan making thanks largelies to the impact of higher for longer interest rates becaus

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year after the supermarkets increased their profit margins and investigation by the competition and markets authority the chancellor now supports the idea that the cma's call for a cheapest fuel finder website could help motorists find the best and nearest fuel pnces find the best and nearest fuel prices on their phones or in cars. prices on their phones or in cars . satnavs nearly 4000 cars. satnavs nearly 4000 migrants crossed the english channelin migrants crossed the english channel in june, which is the highest monthly figure for the last five years, pushing the total for the year so far to more than 11,000. the figure comes almost six months after rishi sunak vowed to stop the boats as one of his cabinet's chief objectives and downing street insists discussions on nhs pay and conditions can't be held unless strikes are stopped . the british medical association, though , says association, though, says doctors could continue to strike over the next few years if their demands aren't met. junior doctors are planning five days of strike action from the 13 to the 18th of july and consultants are walk

let's look at the report we are expecting from the competition and markets authority today. are your concerns around the issue? ~ . ., ., ., issue? we have quite a lot of concerns. — issue? we have quite a lot of concerns, and _ issue? we have quite a lot of concerns, and particularly- issue? we have quite a lot of| concerns, and particularly one issue? we have quite a lot of. concerns, and particularly one of the things that bothers us is the idea that consumers are struggling to understand best value for money. at a time when people are struggling with the cost of living, looking for bargains on those deals, unit pricing is so important and you have shown that some of the examples there. the idea that people can't just look at a deal and understand if it is the best one or not. what we really want from this report this morning is for them to produce some sort of clarity for the supermarkets to follow so they know exactly what they ought to be doing with unit pricing and making sure consumers can look at a price and know if it is the best deal or not. by, can look at a pric

and every time the priestly, the office of fair trading, which is now the competition and market authoritythis and showed and keep saying there's no and they keep saying there's no signs collusion or any signs of any collusion or any cartel management. but now they recognise there is, especially from supermarkets. >> yeah, well we saw that they were overcharging litre and were overcharging 6pa litre and that raising about an extra that was raising about an extra 900 million. and there's a story in, in the papers today, a tesco filling station charging £0.15 a litre more than another petrol filling station 40 miles away. thatis filling station 40 miles away. that is ripping people off. >> yes. and you don't see that with with milk or bread or anything, those sorts of differences might differences you might get a penny here there, but it's penny here and there, but it's absolute. can understand absolute. you can understand certain the state certain because the retail state where are or the where where they are or the where they're garage is, it could be an expensive place to run. they might