Tennis star Nick Kyrgios set to see sports psychologist under threat of eight-week ban October 17, 2016 Bad boy Nick Kyrgios is set to comply with tennis chiefs’ demand that he sees a psychologist in order to avoid a ban from the sport that would keep him out until next year. The measure is part of a second wave of sanctions for the Australian’s behaviour last week at the Shanghai Masters, where [...]
The fashion industry is on its steepest decline for seven years October 17, 2016 The fashion market is on its steepest decline for seven years, according to new data, with £700m wiped off the value of the UK market since last year. According to figures from Kantar Worldpanel, sales declined for the fourth month in a row in September as retailers continued to offer huge discounts to consumers. Kantar [...]
Asos set to bag a Brexit win this week when it reports its results October 16, 2016 Asos is set to be crowned a Brexit winner this week when it reports its results for the year on Tuesday, with profits expected to rise by over 30 per cent. Half of Asos' customers are overseas, helping the online retailer mitigate against the pain of the slump in sterling. It's fortunes are in stark [...]
Adidas stand to profit as Manchester United’s Paul Pogba tops shirt bestseller list – but could Arsenal look for more from Puma? October 15, 2016 At first glance, Manchester United’s £75m-a-year kit deal with Adidas looked like a vast overpayment on the behalf of the German sportswear manufacturer. Back in 2014 when United’s commercial guru Ed Woodward secured the deal, United had just endured their worst season since the 1980s, the club had failed to attract some high profile transfer [...]
Editor’s diary: Adam Smith gets a rebrand for 21st century politics October 14, 2016 We hear a lot about neoliberalism these days. More often than not it’s a phrase thrown around by pro-Corbyn activists as a form of insult that ranks alongside “Blairite”. Indeed, you’ll often hear the two phrases together. Owen Smith, who challenged Corbyn for the leadership on a policy platform of higher taxes, nationalisations and state expenditure [...]
Sports Direct’s CFO leaves company after presiding over three profit warnings October 13, 2016 Sports Direct has said this morning that its acting chief financial officer will leave at the end of the year. Matt Pearson became CFO last June and has presided over a tumultuous year for the company, including a parliamentary inquiry into working conditions and wages and three profit warnings. Most recently, the company issued a profit warning [...]
Time to take a hint: A weak currency means a weak country October 11, 2016 As the global elite (the “dirty” word du jour) descended on Washington on Friday, working the corridors of the International Monetary Fund and World Bank, there was one thing they couldn’t ignore. It wasn’t weak growth, it wasn’t negative rates. It wasn’t even Donald Trump. It was Brexit and the pound’s dramatic flash crash. In [...]
Caterham Seven Sprint review: This limited-edition car isn’t as old-fashioned as it looks October 10, 2016 Whether it’s retro cars, vintage clothes or Instagram filters on photos, making new stuff look old has never been so popular. Perhaps we yearn for simpler times – or maybe we’ve just run out of ideas. Either way, if the retro-future looks half as good as the Caterham Seven Sprint, I’m all for it. The [...]
Retail lobby group British Retail Consortium urges government to protect consumers from rising costs post-Brexit October 10, 2016 The British Retail Consortium (BRC) has urged the government to secure a Brexit deal that avoids rocketing prices for consumers. Writing to Liam Fox, the secretary of state for international trade, the BRC said that the retail industry, as the UK's biggest importer, needs tariffs and import costs to remain low. Read more: Retailers in Mayfair [...]
Working 9 to 5? Actually, 14m of us are now independent workers October 10, 2016 As many as 14m people in the UK are classed as an independent worker employed outside the traditional 9 to 5 job, new research reveals. The figures calculated in a new report by McKinsey pegs the number of freelancers, temporary workers, and those selling items on eBay or renting out a room on Airbnb as part of the so-called [...]