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Ex-Amazon boss Doug Gurr set to become permanent CMA chair

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Ex-Amazon boss Doug Gurr set to become permanent CMA chair

The government has named former Amazon executive Doug Gurr as its preferred candidate to become permanent chairman of the Competition and Markets Authority (CMA), cementing a leadership change designed to align the regulator more closely with its pro-growth agenda.

Peter Kyle confirmed that Gurr, who has held the role on an interim basis since January last year, will be put forward for a full five-year term, subject to a non-binding hearing by the Commons business and trade select committee.

Gurr, 61, replaced Marcus Bokkerink after the latter was removed amid pressure from the government to ensure regulators support economic growth and international investment. At the time, Rachel Reeves said the CMA needed leadership that shared the government’s “mission”.

Kyle said that over the past year Gurr had worked with CMA chief executive Sarah Cardell to improve the pace and predictability of merger investigations and to make the process more proportionate.

City sources said the move was widely expected, noting Gurr’s background in both corporate and public sector leadership. A former McKinsey partner, he served as Amazon’s UK country manager until 2020 and is currently director of the Natural History Museum and chairman of the Alan Turing Institute.

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The appointment comes as the government consults on reforms aimed at speeding up merger clearances and overhauling the CMA’s decision-making structure. One proposal would replace the regulator’s independent merger panel with members of the CMA board, who are more directly accountable to parliament.

Supporters argue the changes will streamline reviews and provide greater certainty for businesses. Critics warn they could increase the risk of political influence over competition decisions.

In 2025, the CMA cleared 36 mergers and blocked none, the first year since 2017 without a prohibition. Six deals were approved subject to conditions, compared with seven in 2024 and 12 in 2023, according to data compiled by Simpson Thacher & Bartlett.

Antonio Bavasso, the law firm’s head of European antitrust, said the figures reflected the government’s shift towards a more growth-oriented regulatory stance.

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Ministers have rejected claims that the new approach weakens oversight of major technology companies, insisting that the UK must remain both competitive and robust in its enforcement.

If confirmed, Gurr’s appointment would formalise a new chapter for the CMA as it navigates the balance between promoting investment and safeguarding competition in an increasingly technology-driven economy.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

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VVR: Avoid This Floating-Rate Fund For The Time Being (NYSE:VVR)

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VVR: Avoid This Floating-Rate Fund For The Time Being (NYSE:VVR)

This article was written by

Power Hedge has been covering both traditional and renewable energy since 2010. He targets primarily international companies of all sizes that hold a competitive advantage and pay dividends with strong yields.
He is the leader of the investing group Energy Profits in Dividends where he focuses on generating income through energy stocks and CEFs while managing risk through options. He also provides micro and macro-analysis of both domestic and international energy companie. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Top Tobacco Stocks to Watch, According to Morgan Stanley

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Top Tobacco Stocks to Watch, According to Morgan Stanley

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GeoPura to supply hydrogen generators for Thames crossing project

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The generators are made in Newcastle through a partnership with Siemens Energy

GeoPura produces green Hydrogen Power Units (HPU) to replace traditional diesel generators

GeoPura produces green Hydrogen Power Units (HPU) to replace traditional diesel generators(Image: GeoPura)

Hydrogen generators made in Newcastle are to be part of the largest ever use of green hydrogen on a British construction project.

The Lower Thames Crossing – a £10bn project that will create a tunnel under the Thames between Thurrock and Gravesham – has signed a deal with hydrogen firm GeoPura to use hydrogen as a power source on the project.

The scheme is aiming to be the first major infrastructure project in the UK to operate on a carbon neutral basis, and will use hydrogen, electric and other low-carbon fuels to replace diesel and reduce emissions.

GeoPura produces green hydrogen across several locations in the UK and works with Siemens Energy in Newcastle to produce hydrogen generators. Six hydrogen-powered generators provided by GeoPura are already at work on the project, charging batteries used in electric machinery on a work site in Essex.

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The company will ultimately supply 2,500 tonnes of hydrogen to the Lower Thames Crossing, enough to replace over 12m litres of diesel and save an estimated 30,000 tonnes of CO2 emissions.

GeoPura CEO Andrew Cunningham said: “We’re extremely proud to be supplying the largest volume of green hydrogen ever contracted for a British construction project and I congratulate the Lower Thames Crossing for setting a powerful example of how major infrastructure can be delivered sustainably.

“This contract award further strengthens the British hydrogen supply chain driving both price efficiency and British jobs across this new, exciting industry with tangible deployments.”

GeoPura was founded in 2019 and employs more than 170 people around the UK and Europe. It started work with Siemens Energy in Newcastle in 2022 to produce green hydrogen at an industrial scale.

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Minister for Industry Chris McDonald said: “GeoPura and the Lower Thames Crossing collaboration is proof that clean energy goes hand-in-hand with major British infrastructure projects. Hydrogen has a key role to play in our industrial strategy, and from Nottinghamshire to Kent, our first flagship hydrogen projects will sustainably power projects up and down the country.”

Matt Palmer, executive director for the Lower Thames Crossing, said: “Today we’ve given the green light to green hydrogen. By replacing diesel with home grown hydrogen, we’re not only reducing our own carbon footprint but also helping clean up the construction sector.

“National Highways is supporting new jobs and skills that will put British businesses and people at the forefront of the growing clean energy sector.”

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C.H. Robinson CEO says AI will drive freight brokerage consolidation

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C.H. Robinson CEO says AI will drive freight brokerage consolidation


C.H. Robinson CEO says AI will drive freight brokerage consolidation

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Nestle remains committed to US frozen food business

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Nestle remains committed to US frozen food business

Company is selling its ice cream business to Froneri International. 

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New Jeep Cherokee set to lead Stellantis’ U.S. sales turnaround

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New Jeep Cherokee set to lead Stellantis' U.S. sales turnaround

2026 Jeep Cherokee

Michael Wayland / CNBC

LOS ANGELES – Stellantis is counting on the return of the Jeep Cherokee to help lead a U.S. turnaround for the SUV brand and embattled automaker.

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The Cherokee returns after a three-year hiatus, rejoining the compact and midsize vehicle markets, which represent the largest segments in the U.S. It also marks Jeep’s first traditional hybrid model and its most fuel-efficient, gas-powered vehicle ever in the U.S.

“This is a critical vehicle for us,” Richard Cox, Jeep senior vice president of brand operations, told CNBC during a media event for the 2026 Cherokee. “I think this expands our reach with this level of powertrain, with this level of fuel efficiency and capability.”

The vehicle is currently arriving in U.S. dealerships as arguably the most important U.S. launch for the automaker this year. Stellantis is attempting to regain market share after significant losses in recent years.

The automaker has set a target to increase retail sales by roughly 25% in 2026 to 1.15 million vehicles, driven by updated and new models as well as pricing and product realignments to move vehicles off dealer lots.

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“It’s a huge part of our growth,” Cox said regarding the new Cherokee. “It positions us well in ’26.”

The interior of the 2026 Jeep Cherokee Overland.

Stellantis

Last year, Jeep narrowly reported its first annual sales increase – up less than 1% – since 2018, when the brand achieved sales of more than 973,200 units. That compares with sales of 593,401 Jeeps in 2025, a 39% decline over the seven-year period.

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The 1% annual sales growth for Jeep wasn’t enough to lift Stellantis’ overall U.S. sales into the black for the year, though. The parent company reported a 3% decline in U.S. sales in 2025 – marking its seventh consecutive fall amid a failed push into all-electric vehicles and significant cost cutting and price increases under former CEO Carlos Tavares.

Sean Hogan, a Los Angeles-area dealer who’s leading Stellantis’ franchised national dealer council, believes the 25% target increase in U.S. sales is achievable with the company’s new leadership and product slate.

“We’ve been missing Cherokee. It’s huge to us. It’s huge to Jeep, and I think they nailed it,” said Hogan, vice president of Sierra Auto Group. “It’s key for us to getting the machine turned back on to start the volume that’s going to be flowing again and generate the capacity in our dealerships. It’s bringing in new customers.”

Jeep Cherokee is priority

Jeep CEO Bob Broderdorf told CNBC in December that Cherokee is the priority for the brand amid slowing EV sales.

“Once Cherokee is done and has a good run rate, then we can start on Recon,” he said. “Recon, I’m not in a hurry. I want to get the quality right of Cherokee, and then as soon as we’re confident, OK, turn on the Recon.”

Broderdorf has been leading a turnaround strategy for Jeep since being named CEO in February. Those efforts have included significantly reducing prices and model complexity and shifting away from the brand’s all-electric plans as part of a broader pullback by Stellantis that will cost the company $26 billion.

2026 Cherokee

The 2026 Cherokee is a traditional hybrid – a technology pioneered by the Toyota Prius – that does not require a plug, but does use a small battery and electric motors to assist fuel economy.

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Jeep has historically been known for its large, boxy gas-guzzling SUVs, but the Cherokee is expected to achieve 37 combined miles per gallon, including 35 mpg on the highway and 39 mpg in the city.

“Those are very competitive numbers,” said Mike Cockell, director of Jeep Cherokee nameplate. “It’s a vehicle that must do it all for the customer, and we feel we’re able to do it all. It’s like a Swiss army knife.”

The updates are an attempt to make the vehicle more competitive against brands such as Toyota as well as to capitalize on expected growth in hybrid vehicles.

“Electrification trends are pretty flat. Hybrid trends are absolutely growing,” Cox said. “So, I think it was a big move in the right direction.”

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The Cherokee features a 1.6-liter turbocharged, four-cylinder hybrid powertrain rated at 210 horsepower and 230 foot-pounds of torque. It features standard four-wheel drive, relatively large interior screens, and 140 standard and available safety and security features.

Starting pricing for the Cherokee ranges from roughly $37,000 to $46,000, according to Stellantis. The bestselling model is expected to be the $39,995 Cherokee Laredo, which Stellantis says is projected to represent 36% of the vehicle’s sales.

The pricing positions the midsize vehicle to be competitive in its own segment as well as against compact SUVs such as the Toyota RAV4 and Honda CR-V.

Jeep officials say those two brands served as benchmarks for the updated Cherokee.

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‘We have a number of customers that have either defected or they’ve moved into something else because we didn’t have a product offering for them. So, this is our chance to get them back into the family, and I think do some conquesting as well,” Cox said.

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Nobody knows how to define ultra-processed foods

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Nobody knows how to define ultra-processed foods

Consumer views of food processing run gamut, says expert at ASB BakingTech.

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Baftas 2026: fans ‘beamed’ onto red carpet from more than 100 miles away

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They appeared as life-sized holograms and chatted to guests at the star-studded event

Film fans 'beamed' onto the BAFTAS red carpet

Film fans ‘beamed’ onto the BAFTAS red carpet(Image: EE)

A group of film fans in Bath was “beamed” onto the Baftas red carpet on Sunday from more than 100 miles away using innovative tech. The individuals were able to experience the star-studded awards ceremony at London’s Royal Festival Hall using immersive holographic technology – powered by mobile giant EE’s 5G network.

They appeared live on the red carpet as life-sized holograms, surprising guests at the event and sharing their excitement in real time.

Ex-Made in Chelsea stars Jamie Laing and Sophie Habboo hosted the holographic experience from London, guiding globally recognised stars through the live interactions with fans from the West Country.

Bafta host Alan Cumming, actress Aimee Lou Wood, and EE Rising Star winner – actor Robert Aramayo – were among guests to interact and speak to the holographic fans live from the EE stage.

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Aimee Lou Wood told one Bath film fan which of her characters she’d bring to a Bafta nominated film, saying: “I would put Chelsea from The White Lotus into Sinners so she could live forever…”

David Jonsson, Robert Aramayo and Aimee Lou Wood

David Jonsson, Robert Aramayo and Aimee Lou Wood at the Bafta Film Awards(Image: Variety via Getty Images)

Actor Jay Lycurgo, who starred in Peaky Blinders, offered a Bath film fan his advice for the next generation of actors: “Acting is a true rollercoaster,” he said. “You have to really believe in yourself and your authenticity. It’s about playing the long game, it’s not about immediate success.”

Reflecting on hosting the night, Laing and Habboo said it was “an honour” to give film fans “the night of a lifetime”.

“The awards truly celebrate creativity and storytelling at the highest level but tonight felt extra special,” they said. “It wasn’t just about what was happening inside the ceremony, it was also about celebrating the UK’s love of film and bringing audiences closer to the action.”

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The winners of the Bafta Film Awards were announced on Sunday (February 22) in a ceremony hosted by Alan Cumming in London.

US comedy action-thriller One Battle After Another, starring Leonardo DiCaprio, Sean Penn, Teyana Taylor and Chase Infiniti, won six awards – the most of the night – followed by I Swear, Sinners and Frankenstein, which got three each, while Hamnet scooped two.

Jessie Buckley won the Leading Actress category for Hamnet; Robert Aramayo won Leading Actor for I Swear; Sean Penn won Supporting Actor for One Battle After Another; and Wunmi Mosaku won Supporting Actress for Sinners

The Bafta Fellowship was presented by Bafta’s President, the Prince of Wales, to Dame Donna Langley, in honour of her “transformative leadership, sustained commitment to inclusion and pipeline building, and the strength of her relationships with creative partners who bring film and television to life”.

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Apple’s First Foldable iPhone Could Launch as Soon as Late 2026

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iPhone 18 Pro Max

Apple is poised to enter the foldable smartphone market with its first foldable iPhone potentially launching in late 2026, according to mounting industry reports and analyst predictions. The highly anticipated device, often referred to as the “iPhone Fold,” is expected to feature a book-style folding mechanism similar to Samsung’s Galaxy Z Fold series, offering a larger inner display for productivity while maintaining a compact form when closed.

iPhone 17e
iPhone 17e

Multiple credible sources, including analysts Ming-Chi Kuo, Jeff Pu and Bloomberg’s Mark Gurman, point to a debut in the second half of 2026, likely alongside the iPhone 18 Pro and iPhone 18 Pro Max in September. Mass production of key components, such as the foldable display, is reportedly set to begin in July 2026, aligning with Apple’s traditional fall launch timeline. Foxconn, a primary manufacturing partner, has reportedly entered the engineering validation and pre-production phases, with component stockpiling underway.

The book-style design remains the consensus, eschewing a clamshell flip format for the initial model. When unfolded, the inner screen is expected to measure around 7.8 inches, providing an iPad mini-like canvas for multitasking, media consumption and AI-enhanced features. The outer cover display is rumored to be approximately 5.5 inches, allowing conventional smartphone use when folded. Thickness estimates vary: Kuo suggests 9-9.5 mm folded and 4.5-4.8 mm unfolded, while recent leaks indicate at least 4.8 mm unfolded for durability.

Durability and crease minimization are priorities. Apple is reportedly aiming for a nearly crease-free inner OLED panel through advanced hinge technology. The hinge may combine titanium and stainless steel or aluminum, with the frame using a hybrid titanium-aluminum alloy to balance strength, heat dissipation and weight. Volume buttons could shift to the top edge, akin to the iPad mini, while the power button and potential Camera Control remain on the side. The rear camera module is described as an iPhone Air-style plateau on the left.

A fingerprint sensor under the power button is rumored as an alternative to Face ID, possibly to save internal space and maintain thinness. Connectivity may include Apple’s in-house C2 modem and N2 Wi-Fi 7 chip for improved performance.

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Battery life could benefit from a larger capacity, with some leaks mentioning around 5,000-5,500 mAh to support the bigger screen and power-hungry features. The device is expected to run enhanced iOS versions with multitasking optimizations for the foldable form factor.

Pricing positions the iPhone Fold as Apple’s most expensive smartphone yet. Estimates range from $2,000 to $2,500 in the U.S., with some analysts like Kuo citing $2,000-$2,500, Gurman suggesting at least $2,000, and others narrowing it to $2,100-$2,400. UBS predicts a possible $1,800-$2,000 range due to cost optimizations, particularly in hinge assembly priced at $70-$80 per unit. The premium reflects advanced materials, complex engineering and Apple’s brand positioning, though it could limit initial volume compared to standard iPhones.

Shipment forecasts are cautious: Kuo anticipates 3-5 million units in 2026, scaling to over 20 million (including second-generation models) in 2027. Production challenges, such as hinge reliability and display yield, could constrain supply.

The foldable arrives amid Apple’s evolving lineup. Reports indicate the standard iPhone 18 may shift to early 2027, focusing 2026 on premium models including the foldable. This strategy leverages the 20th anniversary of the original iPhone while addressing competition from Samsung, Google and Chinese brands dominating foldables.

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Apple has tested prototypes for years, prioritizing quality over speed. While a clamshell version is reportedly in early development, it’s not expected soon and may follow if the book-style succeeds.

The iPhone Fold could redefine Apple’s mobile ecosystem, emphasizing AI integration on a larger canvas. Success hinges on crease-free performance, battery endurance and seamless software adaptation.

As details remain speculative, Apple’s official reveal — if it occurs in 2026 — will clarify the device’s positioning in a maturing foldable market.

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Unlicensed betting firms face sponsorship ban

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Close-up of Bournemouth's Alex Toth. The team's red-and-black striped shirt has a bj88 sponsorship logo in gold lettering across the front.

Gambling firms not licensed in the UK could be banned from sponsoring sports teams – including Premier League clubs – as part of a government crackdown.

Ministers say they are worried about the risks stemming from the unlicensed market, such as companies not following laws and guidelines aimed at protecting customers.

These include mandatory financial vulnerability checks and responsible advertising.

The government also warns a lack of data protection measures can leave people open to fraud and identity theft and that unlicensed betting has been linked to organised crime.

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A consultation into the prosposals will be launched this spring.

Last year, several clubs were warned by the Gambling Commission over their relationship with unlicensed TGP Europe.

Premier League Bournemouth, Fulham, Newcastle and Wolves, as well as then-Championship Burnley, were all sponsored by betting websites run by the firm, which had surrendered its British licence after an investigation found it failed to “carry out sufficient checks on business partners” and breached “anti-money laundering rules”.

A letter sent to the clubs warned they “may be liable to prosecution… if they promote unlicensed gambling businesses that transact with consumers in Great Britain”.

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