Quotes from the news wire:
The specific reason for wanting to merge was to lower prices for customers, the CMA's conclusion that we would increase prices post-merger ignores the dynamic and highly competitive nature of the UK grocery market. The CMA is today effectively taking 1 billion pounds out of customers' pockets.
Found on Reuters 5 years ago
First, as of today, there's no sign the grocery market is going to return to volume growth and that would be a tipping point, second, there's no sign that there will be food inflation coming through in the next period, so the market dynamics are going to be extremely squeezed.
Found on Reuters 9 years ago
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