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
Collusion
McGee earmarks £2.4 million for CMA penalty
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
CMA ball drops (but quietly)
A number of demolition contractors are understood to have received fines following a three-year probe by the Competition & Markets Authority (CMA). Leading construction news portal Construction Enquirer is reporting that penalties following the investigation into six companies have now been handed-out. Officials at the CMA have declined to comment beyond confirming that updates on…Read moreRead more
Opening the CMA files…
DemolitionNews compiles dossier charting continuing collusion investigation. The highly-secretive but potentially far-reaching investigation into alleged collusion within the UK demolition industry is a topic that has had the sector transfixed for more than two years now. Who is involved? Are they guilty? What will the punishment be? How will the fallout impact and shape the…Read moreRead more
Comment – A sense of foreboding…
It’s way over eighteen months now since we revealed that the Competition & Markets Authority (CMA) had turned its investigative spotlight towards the demolition industry. Indeed, it was initially thought that an investigation into alleged collusion involving as many as six UK demolition firms would have been concluded back in September 2019. As that deadline…Read moreRead more
