The OFT has launched an investigation into competition across the capital's premier live venues and a potential move for Wembley Arena by AEG.

Alarm bells have been sounded by the competition watchdog as the battle between Live Nation and AEG over control of prime London venues continues, including Hyde Park, Wembley Arena and the Olympic Stadium.

AEG has snapped up a number of key venues in the capital recently. Already the owner of the O2 Arena, the currently for sale ...