FINANCIAL TIMES PRESS DIGEST – MAY 12

FINANCIAL TIMES PRESS DIGEST - MAY 12

The top stories in the Financial Times are listed below. These articles have not been verified by Reuters, and we cannot guarantee their authenticity. Headlines – Vodafone and CK Hutchison’s Three are in negotiations to merge their UK operations. – Chelsea signs sponsorship deal with cryptocurrency exchange – UK competition watchdog completes 2-year hunt for new chair – Sunak plans new household support package Overview – Vodafone Group PLC is in talks to merge its UK business with domestic rival Three UK, which is owned by CK Hutchison Holdings Ltd, a Hong Kong infrastructure behemoth. – 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.

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