Why Uber chief thinks electric cars are ‘just plain better’ October 8, 2024 Electric vehicles (EVs) are “just plain better”, the chief executive of Uber has claimed, as the ride-hailing app giant detailed plans to doubling down on accelerating to be fully electric in the UK. Dara Khosrowshahi made the comments as he spoke at Uber’s annual green event at the Science Museum in London on Tuesday. The [...]
Social impact investors demonstrate ‘stability’ as market hits £10bn October 8, 2024 Britain’s social impact investment market has “once again” grown, as investors show confidence within impactful investments, a new report has revealed. According to an annual assessment by one of the UK’s largest impact investors, Better Society Capital, the social impact investment market jumped seven per cent in 2023 to £10bn, up from £9.4bn in 2022. [...]
Smart Syndicate: Breaking Down Barriers To Racehorse Ownership October 7, 2024 Oliver Weinfeld. Founder of Smart Syndicate. Horseracing is one of Britain’s oldest and most celebrated sports, but what makes it so special? It’s the horses. At Smart Syndicate we want to bring seasoned racegoers and speculative newbies alike to the front of the action through syndicated racehorse ownership. For many, racehorse ownership has been prohibitively [...]
McIlroy: Deal between LIV, PGA Tour and DP World Tour to be done by 2025 October 2, 2024 A new deal for a mega golf merger between the PGA and DP World Tours and the breakaway LIV Golf League will be done by the end of the year, insists Rory McIlroy. The Northern Irishman was a staunch critic of the Saudi Arabian Public Investment Fund-backed LIV Golf League but has since rolled back [...]
Will JD Sports be able to shrug off problems at Nike? October 2, 2024 Despite a strong set of results, with record revenue and a pick-up in sales, shares in JD Sports fell around five per cent this morning. After a tough year, which included a profit warning in January and £2bn wiped off its market cap, JD reported like-for-like sales growth in the first half of the year [...]
JD Sports: Revenue hits record as US expansion pays off October 2, 2024 JD Sports has reported record revenue in the first half of the year after a pick-up in sales and the acquisition of American retailer Hibbett. Revenue at the retailer reached just over £5bn in the 26 weeks to 3 August 2024, up by 5.2 per cent year on year. Profit before tax rose by two [...]
Billionaire Dunelm founder’s son sells millions of shares in FTSE 250 homewares giant September 24, 2024 The son of the billionaire founder of Dunelm has sold millions of shares in the homewares retailer after the FTSE 250 company reported a rise in its sales and profit for its latest financial year. Sir Will Adderley, the son of Sir Bill Adderley, has lowered his stake in the Leicester-headquartered business from 32.3 per [...]
England captain Knight ‘sorry’ for blackface social media post September 23, 2024 England captain Heather Knight has been punished by the Cricket Regulator for a historic photo of the batter in blackface. The 33-year-old reportedly appeared in blackface in 2012 when a photo of her “at a sports stars themed party” was posted on a Facebook account. Knight: Truly sorry “I’m truly sorry for the mistake I [...]
Mike Ashley’s Frasers Group sells shares in Asos following Topshop spike September 23, 2024 Frasers Group, the retail empire controlled by Mike Ashley, has lowered its stake in fast-fashion giant Asos. The Mansfield-headquartered group, which owns the likes of Sports Direct and House of Fraser, has decreased its holdings in Asos from 24.3 per cent to 21.1 per cent, according to a new filing with the London Stock Exchange. [...]
Hugo Boss: Profit slashed in ‘year of investment’ as sales dip from record high September 23, 2024 Profit at the UK arm of Hugo Boss was slashed by almost 50 per cent in a “year of investment” as its sales fell back from a record high, it has been revealed. The London-headquartered arm has reported a pre-tax profit of £16.8m for 2023, according to newly-filed accounts with Companies House, down from £30.4m [...]