BBC Home
Explore the BBC
BBC News
Launch consoleBBC NEWS CHANNEL
Languages
Last Updated: Saturday, 21 May, 2005, 15:17 GMT 16:17 UK
Competition watch calls supported
A Guernsey Home Department member is backing calls for more inter-island co-operation on competition laws.

Deputy Graham Guille supports Jersey Senator Philip Ozouf, who believes a joint approach could benefit both the public and the islands' governments.

The issue has been raised following the purchase of the Morrisons supermarkets in both islands by CI Traders.

The takeover has led to concerns about the company's market dominance in the retail sector.

Closer involvement

CI Traders, which also owns Jersey's Marks & Spencer, plus Le Riche and Checkers stores, bought the Safeways/Morrisons stores in Jersey and Guernsey for £51m.

Mr Ozouf is concerned about the takeover as it occurred hours before a new competition law was brought in.

The sale has been referred to the Jersey Competition Regulatory Authority (JCRA), but Guernsey has no equivalent.

Deputy Guille said he would welcome closer joint government involvement on issues such as monopoly control.


SEE ALSO:
Islands urged to act on takeovers
20 May 05 |  Jersey
Senator's supermarket sale worry
16 May 05 |  Jersey
Inquiry calls over Safeway sale
02 May 05 |  Jersey
Supermarket chain sold for £51m
30 Apr 05 |  Jersey
Company's profits increase by 30%
20 Apr 05 |  Jersey


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | World | UK | England | Northern Ireland | Scotland | Wales | Politics
Business | Entertainment | Science/Nature | Technology | Health | Education
Have Your Say | Magazine | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific