Manchester United agree biggest ever football kit deal with Adidas July 14, 2014 German sportswear giant Adidas has agreed a bumper 10-year deal worth £750m to supply Manchester United's kit from next season, as the firm looks to strengthen its global position amid a battle of the sports brands. Adidas will provide training and playing gear to all the club's teams from the start of the 2015-16 season, [...]
Wonga advertising puppets axed as new chairman plans overhaul July 14, 2014 New Wonga chairman Andy Haste wasted no time announcing his first task at the helm of the controversial payday lender: Get rid of those disturbing puppets. The first job that Haste, former chief executive at insurance group RSA, will take on as Wonga boss is to undertake a review of how the business operates and [...]
European markets brush off contagion fears as troubles at Banco Espirito Santo rumble on July 14, 2014 Shares in troubled lender Banco Espirito Santo (BES) took a further drubbing this morning but European markets appeared to shrug off concerns that the crisis at the Portuguese bank would spill over. Shares in Portugal's largest listed bank by assets are trading 7.9 per cent lower at pixel time, after some significant fluctuations in the [...]
Fears of a faltering Eurozone recovery as industrial production shrinks 1.1pc July 14, 2014 Further evidence that the fragile Eurozone recovery could be beginning to splutter emerged today. Industrial production in the 18-member euro area fell sharply by 1.1 per cent in May, the largest monthly drop since September 2012, according to figures released by the EU's statistics agency Eurostat this morning. The data confirmed analyst fears that a [...]
Mario Gotze’s winner ensures Brazil World Cup is best ever for goals scored July 14, 2014 As substitute Mario Gotze raced into the penalty area, executed the perfect chest control and slotted the ball beyond Argentinian goalkeeper Romero, he did not only win the World Cup for Germany. He also ensured that Brazil 2014 would go down in history as the World Cup with the most goals, equalling the 171 goals [...]
Burberry shareholders vote against Christopher Bailey pay deal July 11, 2014 Shareholders have struck a blow to Britain's iconic luxury fashion brand Burberry by voting against the proposed multi-million pound pay package for new chief executive Christopher Bailey. More than 50 per cent of those who voted at the luxury giant's annual general meeting today went against the directors' remuneration report. The lucrative package includes a [...]
UK construction sector dip compounds week of disappointing economic data July 11, 2014 The British construction sector seems to have lost its momentum. In another tentative sign that the swift economic recovery construction has been enjoying of late could now be slowing, construction in the UK retreated by 1.1 per cent in May according to the Office of National Statistics, a stark drop in light of economists predicting a [...]
European shares rebound after Portugal’s banking crisis rocked markets yesterday July 11, 2014 European stocks are regaining their nerve this morning, as the troubles plaguing Portuguese lender Banco Espirito Santo yesterday reverberated across the Eurozone and beyond. Fears over contagion from the crisis at Portugal's troubled lender sent even US markets tumbling yesterday, as the Dow Jones Industrial Averaged had opened 150 points lower, close to 0.9 per [...]
Arsenal’s £30m Alexis Sanchez deal highlights Arsene Wenger’s shift in transfer policy July 11, 2014 Arsenal fans rejoice. Arsene Wenger has got his chequebook out – and it's still 52 days before August 31 and transfer deadline day. The signing of Chilean international Alexis Sanchez from Barcelona for a reported fee of £30m so early in the transfer window – the Mesut Ozil deal famously came with just a few [...]