Work on a €1bn light rail system for Cork will not start until 2031 at the earliest with the focus in the interim on improved roads and increased bus lanes.

Britain’s competition regulator has blocked Sainsbury’s proposed £7.3bn (€8.4bn) takeover of Walmart-owned Asda — a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.

Earlier this week the banks launched an organisation that would “change the culture” of how they do business and treat customers.

Sainsbury has lost its status as the UK’s No. 2 supermarket group by market share to its takeover target Asda for the first time in four years, industry data showed.

UK supermarket Sainsbury’s and its takeover target Asda have committed to deliver £1bn (€1.1bn) of lower prices annually by the third year after completion of their proposed €8.5bn deal.

Two of the Big Four accounting firms said they will stop offering consulting services to audit customers in an effort to restore public trust in a sector shaken by corporate scandals.

Aer Lingus has named Cork native Sean Doyle as its next chief executive, after announcing that the incumbent, Stephen Kavanagh, intends to step down at the end of the year.

Sky News would be sold off to Walt Disney or ringfenced under improved concessions put forward by Rupert Murdoch's 21st Century Fox as part of its efforts to seize full control of broadcaster Sky.

Staff at Sky News have piled into the debate over the broadcaster’s potential takeover, warning the competition watchdog that blocking the deal would trigger 500 job losses and deliver a "deeply damaging" blow to British journalism.

British Gas owner Centrica is scrapping standard gas and electricity tariffs (SVT) for new customers ahead of British Government plans to impose a price cap on the costly energy products.

Some 235,000 documents and emails have been examined as part of an ongoing probe into anti-competitive ticket event pricing, the body responsible for the inquiry has said.

Rupert Murdoch's £11.7bn (€13bn) bid to take full control of Sky through 21st Century Fox will be referred to the UK competition watchdog for an in-depth probe, British Culture Secretary Karen Bradley has confirmed.

The UK plans to expand its probe into 21st Century Fox’s bid for broadcaster Sky, exposing Rupert Murdoch and his family to further scrutiny over governance at their media empire and adding to the uncertainty about the £11.7bn (€12.8bn) deal.

Rupert Murdoch's £11.7bn bid to take full control of Sky is to be referred to the competition regulator for further investigation, the UK's Culture Secretary has said.

The British government is seeking further advice from Ofcom on Rupert Murdoch's £11.7bn swoop for Sky after receiving "new evidence and comments".

Rupert Murdoch may have to wait until at least March 2018 before finding out whether the UK government will allow his 21st Century Fox entertainment company to buy the rest of Sky.

The UK's competition watchdog looks poised to launch an in-depth investigation into Rupert Murdoch's £11.7bn swoop for Sky after British culture secretary Karen Bradley said she was "minded" to refer the bid for further scrutiny.

Rupert Murdoch’s £11.7bn (€13.2bn) bid to take full control of Sky has been given the green light by regulators in Ireland, leaving the UK’s decision the last remaining hurdle for the deal.

Pfizer and Flynn Pharma were fined a record amount for abusing their dominant position in the UK by charging unfair prices for unbranded versions of the Epanutin anti-epilepsy drug.

Drug firms Pfizer and Flynn Pharma have been fined nearly £90m (€106m) for "excessive and unfair" pricing to the NHS after hiking the cost of an anti-epilepsy drug by up to 2,600% overnight.

Bookmakers BoyleSports has reconfirmed its interest in scooping up retail shops in the UK after Britain’s competition watchdog said Ladbrokes and Gala Coral must sell around 350 to 400 shops to obtain clearance for their proposed merger.

The beautiful people have been accused by UK regulators of having an ugly side.

Bookmakers Ladbrokes and Gala Coral will have to sell between 350 and 400 shops to win clearance for their UK merger, the British competition regulator has said.

Given a second chance to get tough on banks, the UK antitrust regulator outlined a cap on fees on customers who spend more than they have in their current accounts, a proposal criticised as too little, too late by consumer groups.

England winning the Euro 2016 soccer championships in France is the biggest single risk to Ladbrokes’ profit this year, chief executive Jim Mullen said.

A UK watchdog, the Competition and Markets Authority (CMA), has urged European regulators to effectively block the €12.7bn merger of mobile phone networks Three and O2.

Britain’s competition watchdog has accused Pfizer and Flynn Pharma of breaching UK and European law by ramping up the cost of an epilepsy drug, given to more than 50,000 British patients, by as much as 2,600%.

The British competition authority says Ryanair is still required to reduce its stake in Aer Lingus to no more than 5%.

Eurotunnel is selling its cross-channel ferries to Denmark’s DFDS for an undisclosed sum following a legal tussle with UK competition authorities.

Royal Bank of Scotland could be asked to increase the size of the Williams & Glyn business, its subsidiary of which outgoing Ulster Bank CEO, Jim Brown is due to head up, which it plans to sell next year after the British government asked for a speedy review of its impact on competition in the banking market.

Ryanair has put longer-haul route ambitions to the likes of Russia on hold and will focus on closer destinations like Germany to fuel short-term growth.

Is the ‘will they, won’t they sell’ saga nearly over for Aer Lingus?

British banks and markets are bracing themselves for a fresh onslaught from their regulator after it assumed extra powers to police competition in financial markets yesterday.

A private was discharged from the Defence Forces last year after being found guilty at an Army Court-Martial of sexual assault.

Ryanair has been dealt a fresh blow in its battle to control the future direction of its shareholding in Aer Lingus.

Ryanair has said it will take its case to the British Supreme Court, after UK Court of Appeal refused to set aside a ruling that the company must sell a portion of its shares in Aer Lingus.

Poundland is set to buy rival 99p Stores in a £55 million cash and shares deal 14 years after the family-run chain was founded.

A full-blown competition investigation is to take place into the dominance the major banks have over personal and business accounts, the Competition and Markets Authority has announced.

A husband is suspected of foul play after his wife disappears in Gone Girl; Harry Connick Jr and Morgan Freeman star in the family-friendly sequel Dolphin Tale 2; a legendary vampire rises from the grave in the blood-sucking fantasy Dracula Untold, and Kevin Costner stars in American football yarn Draft Day.

fBritain’s major lenders are facing a full-scale competition probe over personal accounts and small business banking under plans set out by the watchdog today.

Britain’s major lenders are facing a full-scale competition probe over personal accounts and small business banking under plans set out by the watchdog today.

Payday lender Wonga is to pay more than £2.6 million in compensation to around 45,000 customers for “unfair and misleading debt collection practices”, the UK markets regulator has announced.

The UK’s major banks are facing another inquiry after regulators highlighted their fears about the market for lending to small and medium-sized (SME) firms.