ESports firm Azubu raises £40m to fund global expansion December 9, 2015 ESports entertainment network Azubu is hoping a new €55m (£39.9m) round of investment will help it expand its global presence. The financing, led by London-based Sapinda Group and Sallfort Privatbank of Switzerland, signals further investment into the new eSports markets. Read more: Pro video gaming in the UK attracts almost 60m views Azubu will also use the [...]
FTSE 100 hoping for festive cheer to follow European Central Bank’s Mario Draghi – London Report December 6, 2015 Following widespread market disappointment last week after the European Central Bank came in at below expectations with its interest rates and monetary easing policy, this week the big macro-economic numbers to look out for are coming from China We’ll get the country’s trade balance and then consumer price inflation figures tomorrow. Back here in Britain [...]
Fifa corruption: Brazil and Argentina football chiefs bribed to pick best players in Copa America December 4, 2015 The corruption uncovered within the heart of international football has so far been limited to business contracts and tournament voting – yet new charges from US officials suggest its rotten influence could even extend to the action on the pitch. Among the multitude of corruption charges levelled against current and former Fifa executives in the [...]
FTSE falters as Draghi drags on Europe markets – London Report December 4, 2015 THE FTSE 100 index closed lower yesterday, alongside other European indices, after the European Central Bank’s (ECB) measures disappointed markets. The index closed down 2.27 per cent, at 6,275 points, while the German Dax ended 3.58 per cent lower at 10,789.24 points and France’s Cac 40 also finished 3.58 per cent down at 4,730.21 points. [...]
Gary Neville on Valencia move: “I’ve been on TV for a few years now; the time was right to stand up” December 3, 2015 Valencia head coach Gary Neville accepted a surprise move to Spain because he felt ready to leave the comfort of the television studio for the crucible of the dugout, he said on Thursday. The former Manchester United and England defender was appointed to his first managerial role on Wednesday by the La Liga club and [...]
At the close: FTSE 100 closes down after the European Central Bank is more dovish than expected December 3, 2015 The FTSE 100 index closed lower on Thursday, alongside other European indices, after the European Central Bank's (ECB) measures disappointed markets. The index closed 2.27 per cent down, at 6,275 points, while the German Dax ended 3.58 per cent lower at 10,789 points and France's CAC 40 shut 3.58 per cent down at 4,730 points. The [...]
Findel one step closer to blocking Sports Direct’s plan to shake up board, as shareholderse Toscafund, Schroders and River & Mercantile agree to vote against resolution December 2, 2015 At least three of Findel's major shareholders have said they will vote against a resolution that would put a Sports Direct-nominated director on the company board, taking the total number of votes expected to go against the move to nearly 44 per cent. Sports Direct (SDI) took a 19 per cent stake in the company, which [...]
How Manchester City and China could help each other conquer the world following £265m investment December 1, 2015 Manchester City’s owners heralded the “incredible potential that exists in China” after selling a 13 per cent stake in their company to a Chinese consortium for £265m on Tuesday. City Football Group (CFG), which also owns New York City FC, Melbourne City FC and a stake in Yokohama Marinos has been valued at £2bn by [...]
Rangers chairman Dave King slams Sports Direct “agenda” against board but agrees to repay £5m loan to Mike Ashley’s company November 27, 2015 Rangers chairman Dave King blasted Mike Ashley's Sports Direct over "incessant litigation" which he says has harmed the club's rehabilitation. The Ibrox board announced it had agreed to repay a £5m loan from Sports Direct, reversing an earlier decision not to, at the club's annual general meeting in Glasgow. Speaking to around 1,000 shareholders today, [...]
Black Friday 2015 UK deals: Amazon, John Lewis, Tesco, Currys PC World, Ebay, Carphone Warehouse and Asos sales are here November 26, 2015 Retailers up and down the UK are offering massive savings as part of the Black Friday sales. This year Black Friday will happen on Friday 27th November. However, some retailers have already started their week of deals. Outlets including Amazon, Argos, Very, Ebay have been running hundreds if not thousands of deals throughout the week. Others like Tesco, John [...]