RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

UK Investigates Amazon Over Suspected Anti-Competitive Business Practices

Rate Captain by Rate Captain
July 6, 2022
in Business, Corporates, Economics
Reading Time: 2 mins read
A A
0
UK Investigates Amazon Over Suspected Anti-Competitive Business Practices
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Britain’s Competition and Markets Authority (CMA) opened an investigation on Tuesday over concerns that Amazon’s practices on its UK Marketplace may be anti-competitive, and could be hurting third-party sellers while giving an unfair advantage to its personal sellers on its marketplace.

Britain’s antitrust watchdog has not reached any conclusions at this stage as to whether or not competition law has been infringed however, it needs to know if the e-commerce giant’s practices have a consequence on sellers on its market and could result in a worse deal for customers.

AlsoRead

SEC Gives Capital Market Operators Two Days to Submit Capital Flows Returns

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

OPEC+ Members Agree to Increase Oil Output by 188,000 bpd in August

According to the disclosure by CMA on its website, “the investigation will consider whether Amazon has a dominant position in the UK and whether it is abusing that position and distorting competition by giving an unfair advantage to its own retail business or sellers that use its services, compared to other third-party sellers on the Amazon UK Marketplace”.

“It’s right that we carefully investigate whether Amazon is using third-party data to give an unfair boost to its own retail business and whether it favors sellers who use its logistics and delivery services – both of which could weaken competition”, Sarah Cardell, General Counsel at the CMA said.

In the UK, millions of people make use of Amazon services for purchase and prompt delivery of all manners of products, and this dominance by Amazon raises concerns about how the company collects data, uses data, and generally how it renders its services to vendors as the Amazon’s access to data gives its retail business an unfair advantage over third-party sellers.

According to CMA, some of the items on Amazon’s platform are supplied through its own retail business. Nevertheless, a large proportion is supplied by third-party sellers. Amazon provides several services to these vendors, some of which are essential to making sales, such as matching sellers with consumers. CMA believes that this dominance by Amazon needs to be assessed to ensure the company’s practices is not infringing the competition laws.

Sarah Cardell, General Counsel CMA also said “thousands of UK businesses use Amazon to sell their products and it is important they are able to operate in a competitive market. Any loss of competition is a loss to consumers and could lead to them paying more for products, being offered lower-quality items, or having less choice”.

Amazon has had similar cases of anti-competition investigations. In November 2020, the EU antitrust regulators probed Amazon for breaching competition rules, saying it used independent sellers’ data to benefit its retail business and also opened a second investigation into the company’s business. In May 2021, the German antitrust watchdog investigated whether Amazon has exploited its market dominance.

The CMA said that as it progresses with its investigation in the UK, it will work with the European Commission which has previously opened 2 investigations covering the same area.

Previous Post

Trouble In Power Sector as Fidelity Bank, AMCON Seize Kaduna, 3 Other DisCos

Next Post

DMO lists $1.25 Billion Eurobond on  NGX and FMDQ Group

Related News

SEC encourages youth’s participation in capital market.

SEC Gives Capital Market Operators Two Days to Submit Capital Flows Returns

by Victoria Attah
July 10, 2026
0

The Securities and Exchange Commission (SEC) has issued an urgent directive to all capital market operators to submit their second-quarter...

Dangote Refinery Opens Direct Petrol Sales to All Marketers, Cuts Price to N1,075 per Litre

by Akpan Edidong
July 6, 2026
0

(petrol) to all licensed marketers, scrapping its previous consortium arrangement. The refinery also announced a fresh reduction in its ex-gantry...

Oil Prices Waver Near $80 as OPEC+ Meeting Looms and Supply Concerns Persist

OPEC+ Members Agree to Increase Oil Output by 188,000 bpd in August

by Akpan Edidong
July 6, 2026
0

Seven major OPEC+ producers have decided to raise their collective oil production quotas by 188,000 barrels per day starting in...

Dangote Bounces Back, Gains N313.2 Billion in 24 Hours Following Stock Losses

Dangote Refinery Cuts Petrol Price by Another N50 to N1,075 per Litre

by Akpan Edidong
July 3, 2026
0

Dangote Petroleum Refinery has further reduced the ex-gantry price of Premium Motor Spirit (petrol) by N50 per litre, bringing the...

Next Post
DMO offers June 2022 FGN savings bond for subscription

DMO lists $1.25 Billion Eurobond on  NGX and FMDQ Group

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Raises N1.06 Trillion at July 8 Treasury Bills Auction, Lifts One-Year Rate to 17.70%

July 10, 2026
FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

Nigeria’s $51 Billion Reserves at Risk from Volatile Capital and Oil Reliance – EBC

July 10, 2026

Popular Story

  • Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

    Dangote Refinery Cuts Petrol Price by N50 as Global Crude Costs Ease

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Petrol Prices Rise at Major Depots as Global Crude Oil Rebounds to $76.20 per Barrel

    0 shares
    Share 0 Tweet 0
  • CBN Raises N1.06 Trillion at July 8 Treasury Bills Auction, Lifts One-Year Rate to 17.70%

    0 shares
    Share 0 Tweet 0
  • SEC Gives Capital Market Operators Two Days to Submit Capital Flows Returns

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>