NBA Europe? League ‘looking very closely’ at new competition, says Silver January 24, 2025 NBA commissioner Adam Silver has dropped the clearest hint yet that it will push ahead with plans to launch a basketball league in Europe. Silver said he had been encouraged by talks with clubs, media, sponsors and governing body Fiba during talks ahead of the NBA’s two games in Paris this week. “While Europe continues [...]
Australian Open prize money 2025: How much can tennis players earn? January 24, 2025 There has never been a more lucrative time to be a top tennis player, with prize money at the Australian Open more than doubling in the last 10 years. The Grand Slam is paying out A$96.5m ($61m/£49m) in total over the fortnight in Melbourne, where play culminates with the women’s and men’s singles finals this [...]
City broker slashes price target for Primark-owner Associated British Foods January 24, 2025 Analysts at Panmure Liberum downgraded their rating for Primark-owner Associated British Foods from ‘Buy’ to ‘Hold’ after Primark underperformed over the festive quarter. Panmure downgraded its target price for ABF to 1900p from 2800p. Its share price currently sits at 1,892.50p after falling five per cent in the last five days. Associated British Foods reduced [...]
Google cracks down on fake reviews with new CMA agreement January 24, 2025 Google has agreed to take stronger actions against fake reviews in the UK, committing to improve fraudulent activity detection and sanction those involved in manipulating ratings. This comes after an investigation by the Competition and Markets Authority (CMA) raised concerns that Google wasn’t doing enough to tackle the issue. CMA’s chief executive Sarah Cardell said: [...]
Man United investor Ineos splits with key sport figure January 24, 2025 Ineos, minority investors of Manchester United, split with a key sports figure on Thursday, citing a failure to agree over the future. The Sir Jim Ratcliffe-owned chemicals giant and British Olympic gold medal winner Sir Ben Ainslie have parted ways following Britain’s first appearance in an America’s Cup final in 60 years. The two parties [...]
Firms finding it ‘almost impossible’ to survive after Labour tax hikes January 24, 2025 Less than three months after the Budget, critical financial distress for UK businesses climbs by 50 per cent, with the construction sector leading the table
Severn Trent hikes dividend despite balance sheet concerns January 24, 2025 Severn Trent, one of the UK’s biggest water companies, has announced plans to hike its full-year dividend despite coming under fire for allegedly inflating its balance sheet using an accounting trick. The utility was accused by BBC Panorama last month of claiming a £1.68bn investment in its accounts which in reality had no value to [...]
Andy Burnham wants Manchester to add an extra £13bn a year to the UK economy – this is how January 24, 2025 A decade-long plan to increase Greater Manchester’s contribution to the UK economy by £13bn a year has been unveiled by the region’s mayor, Andy Burnham. The proposal, which has been made public today, would see the “whole Greater Manchester system mobilised” to deliver £1bn of investment every year between now and 2035. Burnham has also [...]
It’s a shame Premiership Rugby stars aren’t playing this weekend January 24, 2025 Off the back of two brilliant weeks of Champions Cup rugby and just a week away from the start of the Six Nations, it is a shame that this week’s Premiership fixtures will be devoid of all England players set to feature in the looming international championship. Having seen the league drop from 13 teams [...]
UK economy: ‘Consumers see dark days ahead’ January 24, 2025 GfK's overall consumer confidence index fell to -22, which was down five points on December and put confidence at its lowest level since the end of 2023.