IlluMyFi

Teresa Ribera says changes are needed to make it easier for innovative firms to merge and spur the green transition

The EU’s new competition chief has signalled a shake-up of anti-trust rules to make it easier for innovative companies to merge, as well as a relaxation of state aid policy to spur the green transition.

In her first major speech since taking office last week, Teresa Ribera said EU merger and anti-trust rules needed to “take full account of innovation and future competition”, signalling a move towards the reform agenda laid out by the former Italian prime minister Mario Draghi in a widely feted report.

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-0.48

Bearish/Bullish

27.12.24 07:37

by theguardian.com

More UK retailers in critical financial distress, as Boxing Day sales footfall d...

Rolling coverage of the latest economic and financial news

Boxing Day footfall down on UK high streets despite discounts

Begbies Traynor also reports that an additional 28,747 retail businesses in the UK are in ‘significant’ financial distress – less severe than ‘critical’, but still concerning.

Begbies Traynor partner Julie Palmer says:

“As we look ahead to 2025, the outlook is very mixed.

While some retail businesses are adapting to these pressures, many others remain vulnerable, especially in the face of rising wages, online competition from the likes of Temu and Shein, and fragile consumer confidence. With mounting challenges on the horizon, weaker businesses are likely to find little joy as we enter the New Year.”

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