Ed Warner: Rugby, boxing, netball, Para sport – what should Saudi Arabia buy next? June 22, 2023 Challenge accepted! A reader last week asked what the most investable sports worldwide are from the perspective of a sovereign wealth fund such as Saudi Arabia’s PIF. He had rugby union in mind, but wanted a long train journey to dredge up others. A return trip on Avanti West Coast to the first Ashes Test [...]
‘The WPL is out ahead but The Hundred can be next best thing in women’s cricket’ June 21, 2023 The Hundred may be approaching its third season this summer but it has been blown off course by the hurricane that is the Women’s Premier League (WPL). The WPL is the women’s equivalent to the Indian Premier League (IPL), cricket’s biggest global franchise product, and it has revolutionised the landscape of the women’s game. Players [...]
Frasers snaps up stakes in Boohoo and Currys June 20, 2023 The company behind Sports Direct has said that it hopes a new stake in Boohoo can lead to collaborations between the fashion brand and Missguided. Frasers Group said that its new holding in its fellow listed company would allow it to find synergies and make its own brands stronger. The business, majority owned by Mike [...]
Online retail firms in trouble as punters turn back to the high street June 19, 2023 E-commerce retailers which were bolstered by Brits stuck at home during the pandemic are now going bust, a new report shows, as the cost of living crisis continues to eat away at businesses. The number of insolvencies of UK e-commerce businesses rose 71 per cent to 529 in the past year, up from 309 in [...]
The Notebook: Andy Silvester on the Tory Mayoral race, a new must-read and a tremendous lunch spot June 15, 2023 The Tories appear to have done a real botch-job of selecting their candidate for next year’s mayoral election. Most who were paying attention expected the final three or four to be a combination of Paul Scully, the minister for London and Sutton MP, social media star and former adviser Samuel Kasumu, techie and diplomat Daniel [...]
From Big Five to Big One: Premier League pulling away from European rivals – Deloitte June 15, 2023 European football’s Big Five leagues are steadily being replaced by a Big One as the Premier League pulls away from its rivals, according to research published today. The total revenue of Premier League clubs reached £5.5bn in 2021-22, around twice as much as its nearest challenger, Spain’s LaLiga, Deloitte’s Annual Review of Football Finance reports. [...]
FuturePlus Selected by Atlas FM to Consolidate and Improve Sustainability Practices across UK Sites June 13, 2023 The facilities management company is using the FuturePlus platform to engage its employees, clients and suppliers, and improve its social and environmental impact Sustainability and ESG management and reporting platform FuturePlus has been chosen by Atlas FM, a leading UK facilities management company, to help change its approach to sustainability and social impact. Over the [...]
FTSE 100 close: London markets rise ahead of Fed and ECB decisions this week June 12, 2023 London markets closed higher on Monday ahead of a big week for central banks, with the Fed, European Central Bank (ECB) and Bank of Japan all set for their latest interest rate decision. The capital’s premier index climbed 0.1 per cent to 7,570.69 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned [...]
Ashley’s empire grows: Frasers picks up nearly 20 per cent of retailer AO World June 12, 2023 Mike Ashley's Frasers Group has invested £75m in electronic retailer AO World, taking a stake of almost 20 per cent in the business.
What next for Manchester City if they win the Champions League? June 8, 2023 When the Abu Dhabi United Group bought Manchester City almost 15 years ago, the new owners’ stated aim was to turn a club who had gone 30 years without a major trophy into a major European force. On Saturday against Inter Milan in Istanbul, City could tick the last box on their checklist by winning [...]