PRESS DIGEST- Financial Times - May 12

Reuters | Updated: 12-05-2022 05:49 IST | Created: 12-05-2022 05:49 IST
PRESS DIGEST- Financial Times - May 12

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Vodafone in talks to combine UK arm with CK Hutchison's Three - Chelsea strikes sponsorship deal with crypto trading platform

- UK competition watchdog to end 2-year search for new chair - Sunak prepares new support package for UK households

Overview - Telecoms group Vodafone Group PLC is in talks to combine its UK operations with its domestic rival Three UK, the mobile operator owned by Hong Kong infrastructure conglomerate CK Hutchison Holdings Ltd.

- Chelsea Football Club has struck a 20 million pound ($24.46 million) shirt-sleeve sponsorship deal with WhaleFin, a digital asset platform, as the Premier League side prepares to move on from the Roman Abramovich era. - Britain's Competition and Markets Authority (CMA) is expected to name Clive Bannister as its new chair to replace Andrew Tyrie.

- UK Chancellor Rishi Sunak is preparing to announce in the summer a major new support package for UK households struggling with soaring energy bills, as he seeks to head off criticism he is not doing enough to tackle the cost of living crisis. ($1 = 0.8177 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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