UK offices of Murdoch's 21st Century Fox raided as EU probes sports broadcasting 'cartel'

European Commission carries unannounced inspections of companies across continent amid investigation into 'suspected anti-competitive practices'
The London offices of Rupert Murdoch’s Fox Networks have been raided by the European Commission as part of a continent-wide investigation into a possible sports broadcasting cartel.
Officials carried out “unannounced inspections” of companies in several countries over concerns the firms “may have violated EU antitrust rules”, the commission said.
Fox Networks Group (FNG), an operating unit of 21st Century Fox which distributes TV and cable channels around the world, said it was co-operating with the investigation after its offices in Hammersmith, west London, were raided.
Read more Murdoch takeover of Sky ‘not in the public interest’, watchdog finds The commission said the inspections were “a preliminary step into suspected anti-competitive practices”.
In a statement, it added: “The fact that the commission carries out such i..

Brexit: Sticking to EU rules 'vastly' more beneficial than creating UK's own, says business group

'For the majority of businesses, diverging from EU rules and regulations will make them less globally competitive,' says Confederation of British Industry
The economy will be much better off if the UK sticks closely to EU rules rather than creating its own after Brexit, a leading business group has said.
Eighteen of 23 sectors analysed would benefit from regulations that remain aligned with Brussels, the Confederation of British Industry found.
It said the costs of divergence would “vastly outweigh” the benefits in most parts of the economy.
Read more UK firms face storm of flawed legislation after Brexit, experts warn The CBI spoke to thousands of business leaders up and down the UK over a six-month period and found that, while there were opportunities to make beneficial new rules in sectors such as agriculture, shipping and tourism, these are limited.
In sectors such as aerospace, aviation, chemicals, financial services and technology, the majority of important reg..