Frasers Group to take £200m Covid hit over third wave concerns April 9, 2021 Mike Ashley’s Frasers Group, which owns Sports Direct and House of Fraser, expects to take a £200m hit due to coronavirus, and warned that further restrictions on retail are “almost certain”. Frasers Group said it anticipates a non-cash impairment of more than £200m in the value of its properties and other assets. The retailer said [...]
Theta network bring ‘real time’ NFTs to World Poker Tour April 8, 2021 Decentralised video delivery network Theta Labs have teamed up with the World Poker Tour® to launch the world’s first real-time NFT marketplace.
McLaren 620R review: road racer serves up raw driving thrills April 6, 2021 The McLaren 620R is a genuine race car for the road – and the ultimate iteration of the Sports Series before the new Artura arrives.
Teletubbies prank the crypto world with TubbyCoin joke – all for charity April 1, 2021 Popular kids’ TV show the Teletubbies gave a chuckle to the crypto community after charitable April Fool ruse.
Best of travel: Mauritius is paradise, but not as you know it April 1, 2021 While we wait for the world of international travel to reopen, we’re reposting classic travel stories from our archives. Today we revisit Steve Dinneen’s journey to Mauritius, the most unusual of tropical paradises. ••• Mauritius offers the cliched white sands and blue seas, but there’s more to discover at this most unusual of holiday destinations. [...]
We must help grassroots sport clubs at risk of collapsing April 1, 2021 While kids across the country could barely contain their excitement this week with the resumption of grassroots sport, the sad reality is that many local community clubs which bring opportunity, escape and structure to the lives of young people are on the brink of financial collapse. Over the last year, young people have felt the [...]
Players vow to scupper Silver Lake £235m bid for All Blacks commercial rights March 29, 2021 Several leading All Blacks and Black Ferns say they will veto Silver Lake’s bid for a stake in New Zealand Rugby (NZR). The US-based private equity giant has offered £235m for 15 per cent of NZR’s commercial rights, which the deal values at £1.5bn. If successful, it would be the latest investment by private equity [...]
Domino’s sells Icelandic business for £14m to focus on UK and Ireland March 29, 2021 Domino’s has agreed the sale of its Iceland business in a deal worth £14m as the pizza chain continues to exit its directly-operated overseas operations to focus on its core UK and Ireland business. The fast food firm today announced it has sold the Icelandic division to a consortium of investors including Eyja Fjarfestingafelag, Kristinn [...]
Online used-car unicorns Cinch and Cazoo gear up for funding boost March 27, 2021 Two British online used-car startups are going head-to-head in a £10bn race to raise new capital as they look to cash in on a rapidly-growing sector. Cinch, which is part of the private equity-backed Constellation Automotive Group, is in talks to raise roughly £500m of fresh funding from investors, Sky News reported. The discussions could [...]
A drive to survive: How Liberty Media used Netflix and esports to win a new generation of fans and safeguard the future of Formula 1 March 26, 2021 It feels like an awful long time ago now that Liberty Media took the wheel of Formula 1, completing a takeover valued at $8bn including debt in January 2017. Donald Trump had just been inaugurated and the most relevant global health emergency was the Zika virus. In motorsport, meanwhile, Lewis Hamilton had been dethroned and [...]