TNT Express and Royal Mail’s international delivery arm GLS are among 20 parcel companies that have been fined by the French competition authority for price fixing between 2004 and 2010. An investigation by French competition body L’Autorité de la concurrence (FCA) found that the companies traded pricing information and agreed on annual rate increases in the French parcel delivery sector during meetings held by trade association TLF. The allegations came to the authority’s attention in 2008. The body has today […]
A third group action has been registered with the Competition Appeal Tribunal (CAT) seeking redress for those affected by the €3bn truck price-fixing cartel.
Having fired the starting gun on the sale of its remaining stake in Royal Mail last week, the government is out of the blocks and has sold 15% of its shareholding to institutional investors.
Ofcom has provisionally found that Royal Mail breached competition law with the price increases competitor Whistl complained to the regulator about last year.