Competition & Markets Authority
CMA consults on draft cement price announcement order
The CMA has published a draft order which would prohibit GB cement suppliers from sending generic price announcement letters to their customers.
The CC also said that it would implement 2 further remedy measures aimed at reducing transparency in the GB cement markets, comprising: (a) a prohibition on generic cement price announcements; and (b) restrictions on the disclosure and publication of GB cement market data.
Following the sale of the cement and GGBS plants on 31 July 2015, which concluded the divestment remedies arising from the CC’s report, the CMAis now consulting on its draft price announcement order.
The order sets out that GB cement suppliers will be prohibited from sending generic price announcement letters to their customers. Instead, any future price announcement letters will have to be specific and relevant to the customers receiving them, including setting out the last unit price paid, the new unit price, and specific details of any other fees and charges that apply to the customer.
The draft order provides detailed information on how these changes are to be introduced. The CMA is inviting comments on the draft until Friday 9 October 2015.
The CMA is also considering the final remaining remedy measure (concerning restrictions on the disclosure and publication of cement market data) and is intending to consult on this during October/November with the aim of completing all aspects of the package of remedies by the end of 2015.
The draft order and all other information relating to the investigation can be found on the investigation’s case page.
Latest News from
Competition & Markets Authority
Tribunal upholds CMA decision on pharma collusion and £1.2m fine25/02/2021 15:30:00
The Competition Appeal Tribunal has today upheld the CMA’s finding that Lexon broke competition law, dismissing Lexon’s appeal.
Adevinta’s purchase of Gumtree raises competition concerns17/02/2021 09:20:00
The CMA has found that Adevinta’s anticipated £6.5bn ($9.2 billion) purchase of eCG from eBay could lead to higher prices and less choice for consumers.
Lastminute.com faces legal action unless it pays outstanding refunds15/02/2021 12:20:00
Lastminute.com will face legal action unless it repays over £1 million to customers it committed to refund after their package holidays were cancelled.
New CMA Senior Director of Cartels appointed08/02/2021 12:20:00
A new Senior Director has been appointed by the CMA to oversee its work investigating suspected illegal cartels.
CMA stops Clydesdale ‘bundling’ business accounts with loans05/02/2021 13:20:00
The CMA has stopped Clydesdale Bank from forcing small business customers to open a business current account with it to get a COVID-19 Bounce Back Loan.
CMA launches investigation into Teletext Holidays over refunds04/02/2021 13:15:00
The CMA is launching an investigation into Teletext Holidays in relation to refunds for holidays cancelled due to coronavirus.
CMA locks in a total of £975,000 for Lloyds’ PPI customers03/02/2021 15:10:00
The CMA has secured £975,000 in total refunds for Lloyds’ PPI customers in the last year, after taking action following its latest breaches of the CMA’s Order.
CMA requires viagogo to sell StubHub’s international business03/02/2021 14:33:00
The CMA is requiring viagogo to sell all of StubHub’s business outside North America after its in-depth investigation identified competition concerns.