Olympic Games set to steady ship with major Chinese sponsor February 6, 2025 Consumer electronics firm TCL is reportedly set to become an Olympic partner in a boost to the International Olympic Committee after long-term sponsors jumped ship. The Chinese organisation is in the final stages of signing a deal to join the IOC sponsorship family, according to SportBusiness. In 2023 the cooperation generated £19bn and its subsidiaries [...]
Battersea Power Station: How London’s newest village was brought back to life February 6, 2025 From the UK’s biggest power station to international cultural fame on Pink Floyd’s tenth album, to near-ruin, Battersea Power Station has claimed multiple identities over the years. Now, the power station has entered its newest – and quite possibly cleanest – phase, as a multi-use residential, arts and office hub. A £9bn project has transformed [...]
County cricket windfall from Hundred sale must be spent properly February 6, 2025 With every county cricket club set to profit to the tune of millions from the Hundred sale, the ECB must ensure the windfall is money well spent. I dreamt last night that DeepSeek bought my favourite football club. Trouble was that the stadium PA played Glory, Glory Tottenham Hotspur as the players took to the [...]
Government pursuing ‘confused’ approach to energy transition February 6, 2025 The UK’s “confused” energy strategy is more about slogans than results and risks hollowing out the local economy in Aberdeen, the boss of one of the UK’s largest energy services firms has said. John Heiton, who has run the offshore specialist OEG for over 16 years, told City AM the government is adopting a jumbled [...]
Formula E beats Formula 1 in key US viewership figure, electric series claims February 5, 2025 Formula E’s Mexico City race saw a higher viewership number than Formula 1’s first race in Las Vegas in 2023, the electric series has claimed. The US audience was 80 per cent higher for the E-Prix this season versus the inaugural Vegas race, which has been described as many as a commercial juggernaut for Formula [...]
PMQs: Badenoch says businesses ‘abandoning North Sea’ due to Starmer February 5, 2025 Businesses are “abandoning the North Sea” because of Sir Keir Starmer’s decisions, Kemi Badenoch has claimed at PMQs, as he she criticised the “signal he is sending to investors”. Her comments came after a Scottish court ruled that green lighting the Rosebank and Jackdaw oil and gas fields was unlawful, following a court battle brought [...]
Tax or cut? Rachel Reeves faces fiscal headache before OBR forecasts February 5, 2025 The Office for Budget Responsibility (OBR) will publish its latest assessment of the UK economy on 26 March.
SSE reaffirms guidance as adverse weather drives renewables output February 5, 2025 Energy supplier SSE reaffirmed full-year guidance this morning as variable weather ramped up renewable energy output. The London-listed firm expects adjusted earnings per share of between 154p to 163p and also maintained its operating profit targets. Output from SSE renewables was up by just over a quarter year-on-year over the first nine months, reflecting the [...]
FTSE 100 giant GSK eyes more than £40bn in sales by 2031 February 5, 2025 Pharmaceutical giant GSK has hiked its 2031 sales forecast to more than £40bn, up from £38bn, after reporting better than forecast fourth quarter earnings. The London-listed pharma giant reported core earnings per share of 23.2p for the quarter, a drop of around 20 per cent year-on-year. However, this was greater than the 19p that analysts [...]
Santander announces new buyback as profit jumps February 5, 2025 Spanish banking giant Santander has today reported a bumper set of numbers for 2024 thanks to higher income from its retail banking business and lower costs. For the year, the group reported a profit of €12.5bn (£10.4bn), up 14 per cent and revenue growth of eight per cent to €62.2bn. The group’s return on tangible [...]