Market Data Financial News Market Sectors Contact Us - UK Share Information - Thursday, 16th August 2018

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Grand Vision31.0029.17 %
On The Beach474.5015.31 %
Tiziana Life Sc53.0014.72 %
Marshalls479.8013.59 %
Summit Ther38.5011.59 %
Indigovision130.0011.11 %
Walker Crips36.5010.61 %
Aiq Limited38.5010.00 %
Ra Internation.84.007.69 %
Hochschild174.407.39 %
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Skinbiotherap.19.75-17.71 %
On-line Block38.50-13.48 %
Bowleven30.00-11.76 %
Statpro141.00-8.44 %
Arcontech Grp108.50-8.05 %
Capital Drill40.50-7.95 %
Optibiotix H.99.50-7.87 %
Spectra (Unres)93.00-7.46 %
Angling Direct86.50-6.49 %
Nostrum Oil&gas234.00-6.02 %
Share Price Fallers

Fears Grow That Supermarket Merger Could Drive Up Fuel Prices

Thursday, 16th August 2018

The fear is that the price wars that consumers are benefiting from now could come to an end as competition starts to reduce. Senior Tory MP Robert Halfon wrote to the Competition and Markets Authority demanding assurances that measures would be put in place to ensure that fuel prices are kept in check. The ex-minister noted that he has serious concerns that the merger could have a negative impact on competition, and that it would cause motorists to be hit hard.

Since half of all fuel sold is sold by supermarkets, the merger could affect a large percentage of the population. Britain is already one of the highest taxed countries in the world for motorists, so anything that might further reduce competition is not good news.

Sainsbury’s and Asda are the second and third largest grocery retailers, and the merger would create an entity that is bigger than Tesco, the current largest supermarket in the country. The bosses at Sainsbury’s and Asda insist that the merger would be beneficial to consumers, however Halfon notes that Asda is an aggressive leader when it comes to cutting fuel prices, and the merger would put it under the control of a rival, opening up the potential for a pricing cartel.

Read previous editors articles here

Stock Market Update

Thursday, 16th August 2018

A swift recovery in the mining sector following the sell-off on Wednesday helped the FTSE 100 rise 0.6% to 7,544 around midday.  Glencore led the way, gaining 1.6% to 303.2p. Fresnillo ...
Thursday, 16th August 2018

UK stocks are edging tentatively higher from the open on Thursday morning ahead of UK retail sales data and the start of a further round of Brexit negotiations.   At 0908, ...
Wednesday, 15th August 2018

There was a sea of red on the global markets as a toxic combo of a strong dollar, falling copper price and concern over Turkey's crisis and slower Chinese growth ...

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