The Competition and Markets Authority has given Mastercard a week to address reservations that the deal will restrict the number of companies able to provide systems to Link, which operates over 70,000 hole-in-the-wall machines.
The CMA’s Andrea Coscelli said: “It’s important Link has a good choice of providers when it comes to supplying the required infrastructure to it.”
Mastercard said the deal will bring “greater choice and innovation ”.
BUMPER sales of seasonal items such as crackers, decorations and confectionary ensured record Christmas trading for B&M.
Shares in the discount retail chain, which has 533 stores in the UK and 73 in Germany, jumped 26¼p to 303¼p as third-quarter group revenue rose 20.5 per cent to £789.1million.
UK sales grew 20.7 per cent to £741.4million or by 7.2 per cent on a like-for-like basis. Chief executive Simon Arora said: “We have once again demonstrated the strength, relative appeal and popularity of our model at a time of uncertainty for consumers. We have delivered our best-ever Christmas.”
THE fastest expansion in housebuilding for nearly a year laid the foundations for a fourth straight month of growth in Britain’s construction industry.
Activity in the sector, which generates about 6 per cent of UK output, increased to a nine-month high in December, according to the Markit/CIPS purchasing managers’ index, which rose to 54.2 from 52.8 the previous month.
A reading above 50 means expansion. Residential led the way, while civil engineering projects picked up “at a robust pace”.
But subdued investment spending amid economic uncertainty has led to “marginal” growth in commercial, while costs are rising at the steepest rate for over five years.
AGGREKO has won a $40million (£32.5million) contract to supply power to the 2018 Olympic Winter Games in South Korea.
As part of the deal, the Glasgow-based company, which has been involved in nine Olympics and six football World Cups but pulled out of a bid to help power the Rio Olympics last summer, will be a sponsor of the PyeongChang 2018 games.
Analysts believe that the contract, which involves providing power across 18 competition venues and the international broadcast centre, could generate pre-tax earnings of about £10million for Aggreko, which powered the broadcasters at the Sochi Winter Olympics in Russia in 2014.
Chief executive Chris Weston said: “I am delighted Aggreko has been appointed the offi cial power provider for the Games.”