Today's business and finance round up 9th May 2022
New owners agreed for Chelsea
9th May 2022
Bite-sized business news from the UK and beyond
Good morning WhatsApp users across the globe are being treated to a raft of new features. The messaging app announced a blockbuster new release which includes being able to create emoji reactions, send much larger files and – for the very popular – create groups of over 500 people.
Today's stories
New owners agreed for Chelsea
Morrisons and Asda-owner compete for McColl’s supermarket
FOOTBALLNew owners agreed for Chelsea
A group of investors led by Sir Martin Broughton, the former chairman of Liverpool FC and sports stars Lewis Hamilton and Serena Williams.
Consortium of ex-players, including John Terry, as well as British entrepreneurs and fans.
British billionaire and owner of chemical company Ineos, Jim Ratcliffe, who probably didn’t help his case by submitting his bid weeks after the deadline.
£2.5bn for the shares will go towards charitable causes.
£1.75bn in further investment in Chelsea’s stadium and training academy.
Barring them from paying dividends or management fees until 2032
Prohibiting sale of any shares in the club for 10 years
Agreeing to strict limits on the level of debt taken on
Other stories to keep you in the loop
House prices hit new record but growth set to slow
British Airways cuts flights as it struggles to rehire after axing 10,000 staff
EasyJet to tackle staff shortages by removing seats from planes
US job creation beats forecasts despite headwinds
Peloton reportedly looks to sell up to a 20% stake amid struggles
RETAILMorrisons and Asda-owner compete for McColl’s supermarket
Stat of the day
A recent survey found the average Brit is sitting on £2,500 of unused household items
Interesting links from around the web
Why people behave badly on dating apps
The ugliest buildings in London according to Londoners
The death of office snacks
