Perform is driving ahead with with revenues jumping by 45pc May 1, 2012 SPORTS rights company Perform said it expected strong profit growth this year after reporting first quarter revenues that rose 45 per cent. “We are very pleased with the momentum in the core business and are looking forward to posting another year of strong revenue and Ebitda growth,” joint chief executive Oliver Slipper said. The company, [...]
BEST of the BROKERS May 1, 2012 AB INBEV Liberum Capital has maintained its “buy” rating on the brewer and raised its target price from €63 to €68 following its quarterly update this week. The broker says it was encouraged by the expansion in the company’s gross margin – up 200bp globally and 450bp in North America. It says the most important [...]
Sports Direct raises Ashley’s payout plans April 25, 2012 MIKE Ashley, the billionaire founder of Sports Direct, could net a one-off shares bonus worth about £24m at current prices after Britain’s biggest sporting goods retailer raised a proposed payout. Sports Direct said yesterday it would ask shareholders at its annual meeting in September to back the granting of 8m shares to Ashley, up from [...]
F1 owners set deadline for flotation pitch April 10, 2012 CVC Capital Partners has set a Friday deadline for banks hoping to play a role in Formula One’s Singapore IPO, sources said yesterday, in a sign that the process for the roughly $1.5bn IPO is formally under way, with plans for a July listing. Formula One chief Bernie Ecclestone said last month that he had [...]
All-new Swift Sport ups the fun April 10, 2012 Unless you’re of the age group that wore Frankie Says T-Shirts and espadrilles back in the 80s whilst tooling about in a Suzuki 4×4 with a Rhino logo on the tyre cover, then you’re more likely to associate the Suzuki brand name with motorcycles than motorcars. Although Suzuki has sold 6,000 Suzuki Swift Sports since [...]
Ex-chief of JJB charged amid £1m fraud case April 4, 2012 THE former chief executive of JJB Sports, Chris Ronnie, has been charged after a two and a half year probe into an alleged £1m fraud. The Serious Fraud Office (SFO) yesterday announced that Ronnie has been charged with three fraud offences, two counts of money laundering and two counts of furnishing false information, in relation to contracts [...]
Gunners to put final nail in City’s title bid April 4, 2012 ARSENAL vs MANCHESTER CITY Sunday – 4.00pm Sky Sports 1 ROBERTO Mancini could be forgiven for playing Oasis’s ‘Where Did It All Go Wrong?’ on repeat on his iPod. Just over a month ago Manchester City were still five points clear of local rivals Manchester United, but now, with only seven games to go, they [...]
Shares in sports store JJB rise as it confirms refinancing talks April 4, 2012 SPORTSWEAR retailer JJB Sports, which nearly collapsed last year, said yesterday it was in ongoing talks with its bank and a mystery “potential strategic partner” to raise financing, sending its shares up 56 per cent to 16p. “Constructive discussions continue with the company’s lending bank and one of the potential strategic partners and have been [...]
Third gen Boxster has a real kick March 14, 2012 Yes sir we do have a swimming pool but I’m afraid you cannot swim in it because there is a car in it.” And so there was, a new Porsche Boxster, slap bang in the middle of the swimming pool at the Kube Hotel in St Tropez. No swim then, how disappointing. But then that’s [...]
Doing game right – a stone’s throw from Cape Town March 11, 2012 After hours of anticipation, I finally caught sight of it – right in front of our jeep. Romantically backlit by the pinkening sky, a tall G&T with glinting ice cubes and a slice of lemon. Sundowners on safari. Best idea ever. We’d arrived in Cape Town five days ago for a little city before our [...]