Advertisement
UK markets close in 3 hours 4 minutes

  • FTSE 100

    8,031.07
    +7.20 (+0.09%)
     

  • FTSE 250

    19,689.72
    +90.33 (+0.46%)
     

  • AIM

    753.31
    +4.13 (+0.55%)
     

  • GBP/EUR

    1.1612
    +0.0023 (+0.20%)
     

  • GBP/USD

    1.2399
    +0.0049 (+0.39%)
     

  • Bitcoin GBP

    53,296.38
    +144.95 (+0.27%)
     

  • CMC Crypto 200

    1,422.56
    +7.80 (+0.55%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CRUDE OIL

    81.10
    -0.80 (-0.98%)
     

  • GOLD FUTURES

    2,319.60
    -26.80 (-1.14%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,028.18
    +167.38 (+0.94%)
     

  • CAC 40

    8,072.20
    +31.84 (+0.40%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Avast’s £6bn merger with cybersecurity rival cleared by regulator

Anna Wise, PA Business Reporter
·2-min read

The investigation into the £6 billion merger of British cybersecurity company Avast and its US rival NortonLifeLock has been closed by the competition regulator.

The Competition and Markets Authority (CMA) said its investigation found that the two businesses face significant competition, primarily from main rival McAfee as well as other smaller suppliers in the UK.

It also identified Microsoft as an emerging player in the cybersecurity market and a key competitor for NortonLifeLock and Avast.

The outcome means there is no risk to consumers of the tie-up restricting their options or pushing up prices due to a significant reduction of competition in the market.

ADVERTISEMENT

The companies – which both sell products including antivirus, privacy and identity protection software under a variety of different brands – first announced plans to merge in August last year.

But the CMA conducted an in-depth probe, known as a “phase 2” investigation, after competition concerns were raised in an initial review.

In August, NortonLifeLock said it hoped to complete the merger by September 12 after the regulator provisionally gave it the green light.

Kirstin Baker, chairwoman of the CMA inquiry group, said on Friday: “Millions of people across the UK rely on cyber safety services to keep them safe online.

“Phase 2 investigations allow us to explore concerns identified in our initial review in more detail, as we gather further information from the companies involved and other industry players.

“After reviewing the evidence in an in-depth review, we are now satisfied that this deal won’t worsen the options available to consumers.

“As such, we have concluded that the deal can go ahead.”