Tel: +44 (0) 7841 513 323 | +44 (0) 1732 875 808 | Email: info@LSCPROM.co.uk

News

Drug firms accused of illegal market sharing over anti-nausea tablets

The Competition and Markets Authority (CMA) has provisionally found that 4 pharmaceutical companies broke the law by agreeing not to compete in the supply of an anti-nausea drug in the UK. In a statement of objections issued today, the CMA alleges that, between June 2013 and July 2018, Alliance, Focus, Lexon and Medreich agreed not [...]

May 23rd, 2019|Comments Off on Drug firms accused of illegal market sharing over anti-nausea tablets

ESMA appoints chair for its new Coordination Network on Sustainability

The Board of Supervisors of the European Securities and Markets Authority (ESMA) has today established a Coordination Network on Sustainability (CNS), and appointed Ana María Martínez-Pina Garcia, Vice-Chair of the Comisión Nacional del Mercado de Valores (CNMV, Spain) to chair the CNS for two years with immediate effect. The CNS was created to foster the [...]

May 23rd, 2019|Comments Off on ESMA appoints chair for its new Coordination Network on Sustainability

Apple pledges clearer information on iPhone performance

Apple has committed to be clearer and more upfront with iPhone users about battery health and performance, following action by the Competition and Markets Authority (CMA). The CMA raised consumer law concerns with the tech firm last year after finding people were not being warned clearly that their phone’s performance could slow down following a [...]

May 23rd, 2019|Comments Off on Apple pledges clearer information on iPhone performance

Update on the independent investigation into London Capital & Finance

HM Treasury (HMT) have today announced details of the independent investigation into London Capital & Finance (LC&F) to be commissioned by the Financial Conduct Authority (FCA). HMT has agreed to the appointment of Dame Elizabeth Gloster by the FCA to conduct the investigation. On Thursday 28 March the FCA Board decided that there should be an investigation [...]

May 23rd, 2019|Comments Off on Update on the independent investigation into London Capital & Finance

FCA wins case against unauthorised forex firm

Following an application by the Financial Conduct Authority (FCA), the High Court, on 14 May 2019, declared that Xcore Capital Limited (Xcore) and Jonathan Chitty had carried on an unauthorised investment scheme. The scheme took in at least £1 million from investors but only a small amount of the investors’ money was ever used for [...]

May 22nd, 2019|Comments Off on FCA wins case against unauthorised forex firm