Mark Kleinman: Industry steels itself for long road to recovery Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column Industry steels itself for long road to recovery Steel yourselves: I make no apology for returning for the umpteenth time in this column to the future of the UK’s beleaguered steel industry. More than five years since [...]
Standard Chartered shares fall as finance boss exits for Apollo Banking The finance boss of Standard Chartered has made a swift exit from the bank as he takes up a top job at asset manager Apollo. Diego De Giorgi, who joined the bank in September 2023 before becoming chief financial officer in January 2024, stepped down to lead Apollo’s European, Middle East and Africas region. The [...]
Private capital is reshaping sport’s financial future, and it’s structural Sport Business Sport is no longer solely passion projects for the super-wealthy. Today, it is becoming a mature asset class supported by institutional and long-term private capital and the shift is visible in the deals transforming clubs, competitions and infrastructure across Europe and beyond. Private capital is stepping in where banks can’t or won’t. Stadium developments, transfer [...]
Beckham and Neville sell stake in Salford City FC to US giants December 18, 2025 AIG has become the largest shareholder in Salford City FC after the Gary Neville and David Beckham co-owned club sold a stake to the finance and insurance giant. The League Two club has sold a stake to the American firm in a deal that will see AIG become a strategic partner as well as largest [...]
Atletico Madrid valued at £2.2bn after Apollo Global Management acquisition November 10, 2025 LaLiga club Atletico Madrid has been valued at around £2.2bn after Apollo Global Management purchased a majority stake in the Spanish team. Chief executive Miguel Angel Gil Marin and president Enrique Cerezo will continue in post but the acquisition represents the latest private equity push into European football. It is understood that the US fund [...]
Apollo Global Management to launch £3.75bn sport investment vehicle September 2, 2025 New York-based Apollo Global Management is reportedly planning to launch a £3.75bn investment vehicle focused on sport. The firm, which has around £600bn in assets under management, is set to invest permanent capital into sport for the first time with the new fund. Having previously held talks with LaLiga club Atletico Madrid about acquiring a [...]
TI Fluid Systems agrees to £1bn takeover as London exits accelerate November 29, 2024 ABC Technologies has reached an agreement to buy London-listed British manufacturer TI Fluid Systems for £1bn, following previous rejected proposals
Evri serves up record deliveries as online shopping soars November 18, 2024 Evri delivered 730m parcels in the 12 months to March, a 14.9 per cent year-on-year rise that helped profit more than double.