FORMULA ONE PUTS BRAKES ON ITS FLOAT

FORMULA One’s chief Bernie Ecclestone last night signalled that its IPO could be pushed back by several months due to the current market turmoil. F1 is planning to float in Singapore, with premarketing for the $3bn (£1.95bn) IPO already under way. Ecclestone had said he had hoped to complete the IPO by the end of June but now is “waiting until the right time.”