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Sainsbury's-Asda merger will rival value clothing retail

2018-04-30 16:10:00| Daily apparel & textile news and comment - from just-style.com

News of Sainsbury's return to growth in its last fiscal year was dwarfed by confirmation of the UK retailer's merger intentions with Asda this morning (30 April), in a move that could rival value clothing retailers in the UK.

Tags: clothing retail merger rival


Galileo: UK plan to launch rival to EU sat-nav system

2018-04-25 12:57:45| BBC News | Business | UK Edition

The UK is looking at its own sat-nav system if the EU locks it out of Galileo because of Brexit.

Tags: system plan launch rival


Telkom Kenya eyes merger with Airtel to rival Safaricom - report

2018-04-11 09:14:00| Telecompaper Headlines

(Telecompaper) Telkom and Airtel Kenya plan to merge operations as a first step to acquiring all of Airtel's assets, creating a stronger challenger to market leader Safaricom, Reuters reported, citing unnamed sources. A source at the communication authority said the two firms have been engaging officials over the plan to share outlets and infrastructure, such as transmission assets, before Telkom acquires Airtel Kenya at an unspecified time. According to the source, the two operators are yet to make a formal application to the regulator disclosing all the details.

Tags: report eyes kenya merger


Uber is selling its south-east Asia operations to rival Grab

2018-03-26 01:00:58| BBC News | Business | UK Edition

Uber is expected to announce a retreat in the region as it prepares for a share listing in 2019.

Tags: selling asia operations southeast


Comcast launches rival bid for Sky, beating Fox offer

2018-02-27 08:39:00| Telecompaper Headlines

(Telecompaper) US-based Comcast has announced that it's considering a takeover bid worth GBP 22.1 billion for European pay-TV group Sky, beating the earlier offer from Sky's largest shareholder, 21st Century Fox. Comcast would offer GBP 12.50 per share cash, a 16 percent premium to Fox's bid of GBP 10.75. 

Tags: offer bid fox sky


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