Competition watchdog escalates probe into £2.5bn Barratt and Redrow merger

The Competition and Markets Authority has ruled the £2.5bn merger between Barratt and rival housebuilder Redrow would likely result in a “substantial lessening of competition.” In a statement published today, the competition watchdog said it would escalate its enquiries to a phase two investigation unless the companies could provide an acceptable solution to address competition concerns. [...]