After a week in which the outpouring of revelations from the CMA investigation into big rigging in the UK demolition sector has grown from a trickle to a deluge, we look back at all the key news items of the past seven days in the exclusive and special edition of The Weekend Wrap.
Collusion
The Weekend Wrap – CMA Special
The eye of the storm
The “voice of the demolition industry” is characteristically silent amidst the bid rigging scandal that has named 10 of its members. The Federation is choosing inaction when action is so clearly required. In the eye of the storm, the NFDC is apparently hoping the whole thing will blow over. Anyone that has seen the movie…Read moreRead more
The Break Fast Show #329
In today’s show: With the National Federation of Demolition Contractors seemingly planning to soldier on unaltered by the CMA debacle, we look at what that actually means for the Federation and – more importantly – for its members. With the latest Ritchie Bros sale now in full swing at their Maltby facility, we’re bringing you…Read moreRead more
The Break Fast Show #328
In today’s show: As McGee Group sets aside £2.4 million to cover fines arising from the price-fixing probe, you have your say on the CMA fallout. As one of the eight NFDC companies that have admitted involvement in price fixing is fined over the death of a worker back in 2019, we ask: What price…Read moreRead more
CMA – Our viewers have their say
In light of the findings of the Competition and Markets Authority probe into alleged bid rigging and price fixing in the UK demolition industry, we asked our viewers what they thought about the companies named and about the trade association of which they are all members. These are their thoughts.
McGee earmarks £2.4 million for CMA penalty
McGee Group has become the latest demolition company to reveal the size of the provision it has made for any fines that might arise from the Competition and Markets Authority probe into bid rigging and price fixing with the industry. The company has revealed that it was set aside £2.4 million to cover the financial…Read moreRead more
The Break Fast Show #327
In today’s show: The CMA collusion probe – The blast and the fallout; HS2 pushes the compaction technology envelope; and we take a leisurely stroll around Liebherr’s stand at last week’s Hillhead show. PLUS Dynapac is getting set for Bauma 2022. All that and more on The Break Fast Show:
CMA probe – The blast and the fallout
On Friday 24 June 2022, the Competition and Markets Authority (CMA) dropped a bomb on the UK demolition industry. Even though it was the culmination (for now) of a cartel-busting investigation that has been running for more than three years and which has been public knowledge for almost as long, the bomb came as something…Read moreRead more
CMA investigation – The news is spreading
Any hopes that the provisional findings of the Competition and Markets Authority investigation into demolition price fixing might quickly fade from public view have been dashed at media outlets across the UK begin their own investigations. Although the news continues to spread, here is a list of the more notable news outlets covering the news:…Read moreRead more
NFDC responds to CMA provisional findings
The National Federation of Demolition Contractors (NFDC) has responded to this morning’s news that 10 of its member have been named in the provisional findings of the investigation into alleged collusion and price-fixing. The Federation’s role is to champion professional standards within the demolition industry. We have a clear code of conduct, which all members…Read moreRead more
