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Tag: deal

Sainsbury's-Asda deal in jeopardy over price and quality concerns

Sainsbury's-Asda deal in jeopardy over price and quality concerns

Business
By John-Paul Ford Rojas, business reporter A planned merger of Sainsbury's and Asda has been thrown into jeopardy after the competition watchdog identified "extensive" concerns.The Competition and Markets Authority (CMA) said the deal could lead to higher prices and lower quality and that it would be "difficult" for the companies to resolve them so that it can go ahead. Its provisional findings effectively block the merger unless the plans are altered before a final report due at the end of April - and were described as "death by 1,000 cuts" by one person close to the tie-up.The CMA said options for addressing its concerns included blocking the deal or forcing the companies to sell off "a significant number of stores and other assets" - potentially includ...
Government to miss Brexit trade deal target

Government to miss Brexit trade deal target

Business
By Adam Parsons, business correspondent, in Switzerland Government officials have admitted for the first time that they will not be able to renegotiate all trade treaties involving the European Union by the end of March.The UK is party to around 40 European treaties, covering trade with more than 70 countries and making up 12% of the UK's total trade. In the event of no deal, each would need to be rewritten, either with new terms or by mirroring the existing terms, a process known as "rolling over".Two years ago, the International Trade Secretary Liam Fox said that updated versions of all those treaties should be ready to sign within a minute of Britain leaving the EU.Now, according to senior government sources, expectations have been tempered. In...
Man ends Booker Prize sponsorship deal

Man ends Booker Prize sponsorship deal

Entertainment
By Andy Hayes, news reporter Organisers of the Booker Prize are looking for a new sponsor after Man Group decided to pull out.The investment firm, which has donated £25m to the prestigious literary prize and its international edition since 2002, said this year's contest would be its last. The Booker Prize Foundation said its trustees were "in discussion with a new sponsor and are confident that the new funding will be in place for 2020".Man Group has been an "excellent and very generous sponsor", foundation chairwoman Helena Kennedy said.The prize has been the focus of controversy during the last few years. Best-selling author Sebastian Faulks described Man Group as "the enemy" and said the award was "irritating". ...
Transfer news and football gossip: Marko Arnautovic set to stay at West Ham after China move collapses, Callum Hudson-Odoi ready to reject new Chelsea deal

Transfer news and football gossip: Marko Arnautovic set to stay at West Ham after China move collapses, Callum Hudson-Odoi ready to reject new Chelsea deal

Sports
talkSPORT.com round up all the biggest transfer news and latest football gossip from Saturday’s papers and online… All the latest football news and gossip Callum Hudson-Odoi is ready to reject the Blues’ bumper contract offer worth £85,000 a week and hold out for a move to German giants Bayern Munich as he feels he can develop his game more playing in the Bundesliga. (Mail on Sunday) West Ham forward Marco Arnautovic’s lucrative move to China has collapsed after an unnamed club pulled out of the proposed £45m deal. (FULL STORY) Chelsea have asked Spanish champions Barcelona about their £100m-rated Brazil and former Liverpool midfielder Philippe Coutinho, 26. (Daily Expres...
Charlie Colkett: Aston Villa targeting loan deal for Chelsea starlet but rivalled by Ostersunds

Charlie Colkett: Aston Villa targeting loan deal for Chelsea starlet but rivalled by Ostersunds

Sports
transfer report The 22-year-old midfielder joined Shrewsbury last summer but had his loan deal cut short in December Chelsea starlet Charlie Colkett is being tracked by Aston Villa who want to sign the young midfielder on loan with the view of a permanent deal. Villa are battling Swedish side Ostersunds for the 22-year-old, according to The Mirror, with a tug-of-war set to ensue between the two clubs. Colkett, the England youth international, was part of the Chelsea academy side which recorded back-to-back wins in both the UEFA Youth League and FA Youth Cup in 2015 and 2016, but he has not kicked on since. Colkett captained Chelsea’s youth side to domestic and European success His loan spells away from the club have not been overly impr...