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Market News - 22 September

Ofcom announces it is to launch a market study into the UK's cloud services sector to examine the strength of competition in cloud services generally and the dominant position held by Zoom, WhatsApp and FaceTime.

The UK CMA says it will not refer the proposed Saint-Gobain/GCP merger to a phase 2 investigation.

Walmart plans to employ 40,000 seasonal workers ahead of the key Christmas sales period. However, this is well down from the 150,000 it stated it would employ for the season this time last year.

JPMorgan suggests that Apple may move as much as a quarter of its iPhone production to India by 2025, as the US corporation continues to work on China exit plans if Beijing makes a move on Taiwan and creates an exodus comparable to that seen in Russia over its invasion of Ukraine.

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