Newcastle announce £9.9m profits February 25, 2014 FOOTBALL: Newcastle announced post-tax profits yesterday of £9.9m for the year ending June 2013, up from £1.4m the previous year. The club said player trading, including the sale of Demba Ba to Chelsea, and a sharp rise in commercial revenue were the main factors responsible. Newcastle’s debt, a £129m interest-free loan from owner Mike Ashley, [...]
Bulls buyers pull out after sanction February 25, 2014 RUGBY LEAGUE: The future of Bradford Bulls was plunged into fresh uncertainty last night after prospective new owners Bradford Bulls 2014 Ltd withdrew their takeover bid in light of a six-point deduction from the Rugby Football League for entering administration. Relegation is now “almost a certainty”, according to Bulls chairman Mark Moore.
Olympic venue set for public use February 25, 2014 SWIMMING: The Aquatics Centre used at the London Olympics opens to the public on Saturday, and the man charged with delivering a post-Games legacy, Dennis Hone, says community use of the £269m venue fulfils that promise. Entry starts from £3.50.
Markets hit fresh highs February 24, 2014 BOOMING stocks hit fresh highs on both sides of the Atlantic yesterday as upbeat investors kept on pumping cash into equities, fuelled by economic recovery and low interest rates. The surge in stocks follows a flood of merger and takeover activity, with Facebook’s $19bn (£11.4bn) buyout of messaging service Whatsapp last week setting the tone [...]
WhatsApp voice service to challenge mobile carriers February 24, 2014 WHATSAPP, the messaging app bought by Facebook last week, yesterday announced it will take on mobile operators with a new voice capability, while Facebook chief executive Mark Zuckerberg admitted that the firm could be worth far more than the $19bn (£11.4bn) he paid for it. “I actually just think that by itself it’s worth much [...]
Three stabbed at Bishopsgate February 24, 2014 THREE men in their 20s were taken to hospital yesterday afternoon after they were stabbed outside 199 Bishopsgate in the heart of the City. A fight is thought to have begun outside All Bar One. Much of Bishopsgate, which hosts offices for institutions like Deutsche Bank and RBS, was closed off until around 6.30pm, with witnesses in nearby [...]
Moscow gives new Kiev leaders chilly reception February 24, 2014 POLITICAL tensions worsened in the disordered aftermath of Ukraine’s change in government yesterday, as the Russian state balked at the new administration’s overtly pro-European stance. Ukrainian finance minister Yuriy Kolobov announced yesterday that the country was seeking about $35bn (£21.03bn) in financial assistance over the next two years. Following the recent violence in Kiev and [...]
Holidays cost more at peak times. The reason is basic economics February 24, 2014 SUPPLY and demand: remember them? If the demand for a good or service goes up, and its supply doesn’t increase as much, then prices go up. If supply increases, and demand doesn’t, prices go down. It’s not rocket science, and it explains just about everything about our society. It is the reason why some takeaways [...]
Call a tax a tax demands MP in NI rename row February 24, 2014 THE CONSERVATIVE MP calling for an end to National Insurance payments has won the backing of business leaders at the Institute of Directors. Backbench MP Ben Gummer will set out his argument to rename National Insurance the “Earnings Tax” in parliament today, and has admitted that this is the first step in a plan to [...]
Big firms face account probe February 24, 2014 ACCOUNTING standards are under increased scrutiny from HM Revenue and Customs (HMRC), which suspects poor financial practice means too little tax is being paid by big firms, according to lawyers Pinsent Masons. The law firm said HMRC believes as much as £442m is underpaid, up 57 per cent on the £282m it was looking into [...]
