World’s richest football clubs 2020: Barcelona replace Real Madrid at top of Deloitte Football Money League as Manchester United are left behind January 14, 2020 Barcelona have overtaken Real Madrid to become the world’s richest football club, according to Deloitte’s Football Money League. The Spanish champions saw revenue soar to €840.8m (£741.1m) last year – a record figure for any team and almost 10 per cent more than rivals Real Madrid, who are second. Manchester United, in third, remain the [...]
US markets hit fresh record high on trade deal optimism January 13, 2020 US stock markets hit fresh all-time highs today as investors optimistically await the signing of “phase one” of the US-China trade deal. Indices were also boosted by expectations of a pick-up in profits for US companies as fourth-quarter earnings season kicks off. Read more: Donald Trump: US to suspend planned tariffs after reaching China trade [...]
US officials provide UK with fresh data ahead of Huawei decision January 13, 2020 Senior US officials made a last-minute plea to Boris Johnson today to keep Huawei out of Britain’s telecoms network, warning that allowing the Chinese firm to remain involved would be “nothing short of madness”. A dossier was presented by a US delegation to the UK that officials told media outlets included new technical information that [...]
Department store Beales in crisis talks to stave off collapse January 13, 2020 Struggling department store chain Beales is in crisis talks with potential buyers in an effort to stave of a collapse that could cost hundreds of jobs. The talks come after the Bournemouth-based firm yesterday filed notice of its intention to appoint administrators to step in as a last resort if the firm cannot cannot be [...]
Relx buys ID Analytics for $375m January 13, 2020 Relx today said it had agreed to buy ID Analytics from Norton Life Lock (NLL) for $375m (£288m). ID Analytics will become part of Lexis Nexis Risk Solutions, part of Relx’s risk and business analytics arm and its fastest-growing division. Founded in 2002, San-Diego based ID Analytics provides credit and fraud risk solutions for enterprises [...]
Travis Perkins sells plumbing arm for £46m January 13, 2020 British builders’ merchant Travis Perkins has sold its plumbing and heating business to distribution group Newbury Investments for £46m. The sale comes just four months after Travis Perkins halted the sale of the unit, called Primaflow, blaming “unprecedented uncertainty”. Read more: Travis Perkins halts sale of plumbing unit amid uncertainty The deal, which the building [...]
Planning uncertainty over Nigel Farage Brexit night party January 13, 2020 Confusion surrounds the fate of Nigel Farage’s Brexit night party as City Hall and Westminster Council wrangle over planning permission for the event. The Brexit Party leader is planning on throwing a party at at Westminster’s Parliament Square to celebrate the UK’s exit from the EU at 11pm on 31 January. Read more: Boris Johnson’s [...]
Flybe in crisis talks with government to stave off collapse January 13, 2020 Struggling airline Flybe is reportedly locked in last ditch talks with the government to defer its multi-million pound air passenger duty (APD) bill as it teeters on the brink of collapse. The airline has asked Whitehall to help it find a way of delaying its APD payments while it struggles with cash flow in the [...]
Bakerloo line extension may be funded by landowner tax hike January 13, 2020 Transport for London (TfL) is considering funding the £3.1bn Bakerloo line extension with a tax on landowners. The proposed works would extend the line from Elephant and Castle to Lewisham via stations on Old Kent Road and New Cross Gate. Read more: Bakerloo line extension to Lewisham now open to public ocmment However, the project [...]
Decline in German automotive production weighs on its economy January 13, 2020 Structural change and a sharp decline in automotive production in Germany is weighing on the economy, according to a report published today. The Munich-based ifo Institute estimated that the automotive industry workforce has shrunk by 1.3 per cent since the beginning of 2019, a much sharper decline than in the rest of the manufacturing industry [...]