Third Point slumps as growth firms drag investment titan down September 12, 2022 London-listed investment vehicle Third Point Investors suffered a 22.6 per cent plunge in the value of its assets in the first half of the year as it weathered “one of the most challenging” periods it has faced. In a trading update today, the firm run by notorious activist investor Daniel Loeb said turbulence had caused [...]
Retail tycoon Mike Ashley joins the race for Savile Row tailor September 11, 2022 High-street tycoon Mike Ashley has reportedly joined the race to takeover Savile Row tailor Gieves & Hawkes. As first reported by Mark Kleinman for Sky News, Ashley’s Frasers Group – previously known as Sports Direct International- is now the latest bidder to join the grab for the 250-year-old Savile Row brand. It comes as Gieves [...]
London’s FTSE 100 struggles for direction ahead of Jackson Hole August 25, 2022 London’s FTSE 100 struggled for direction today driven by investors seemingly holding positions until central bankers signal at Jackson Hole how firm they will be with taming inflation. The capital’s premier index added 0.11 per cent to reach 7,479.74 per cent, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
NFTs and sport: How to avoid being left holding the (boot) bag August 23, 2022 Rafi Azim-Khan - Head of Data Privacy and Marketing Law at Pillsbury - delves into the murky yet interesting world of NFTs and sport.
Frasers Group makes cash offer for Australia’s My Sale August 17, 2022 Sports Direct owner Frasers Group has made a cash offer to snag the Australian e-commerce site MySale, after becoming its largest shareholder. Mike Ashley’s retail emporium announced the offer for a 100 per cent stake in the firm on Wednesday morning, at a price of 2p per share. Frasers presently holds a 28.7 per cent [...]
A green and gold decade: Australia prepares for spell as host of sport’s biggest events August 15, 2022 The sun-kissed nation of Australia is about to embark on a decade-long installation as the centre for world sport. Although it was beaten by Qatar to the rights to stage the men’s football World Cup later this year, the country is set to co-host the women’s equivalent as well as Rugby World Cups, a second [...]
We can’t connect to 5G if it strips away property rights August 10, 2022 Lower taxes, net zero and rising fuel costs have dominated the Tory leadership debate. But as we move into the final month of the run-off between Liz Truss and Rishi Sunak, another battle is raging that strikes at the heart of true Conservative values. We’ve heard a range of promises directed at card-carrying Conservative farmers, [...]
Premier League clubs bounce back from pandemic but Championship crisis deepens August 9, 2022 Premier League football clubs have recovered from the financial effects of Covid-19 just a year after stadiums were reopened, according to a new survey compiled by accountants BDO. But that is in stark contrast to the fortunes of teams in the Championship, whose money worries have deepened since the pandemic, the business advisory firm found. [...]
Track and Field at Commonwealths shows British Athletics there’s no more excuses August 8, 2022 At the weekend 30,000 fans crammed into Birmingham’s Alexander Stadium for a Saturday evening session of athletics. On show were British superstars Keely Hodgkinson, Laura Muir and Zharnel Hughes. But the loudest cheer of the night was for Rosefelo Siosi from the Solomon Islands. The 25-year-old long-distance runner came last in the 5,000m – by [...]
Premier League: Haaland shines for City while Man United get wake-up call August 7, 2022 Only one club have managed to win three Premier League titles back-to-back – Manchester United, twice – but Manchester City made the perfect start in their bid to be the second club to do so when Erling Haaland became the second City player after Sergio Aguero to score two goals on his league debut. Haaland’s [...]