Christian Horner says Formula One must attract more fans to keep Red Bull in the sport March 2, 2017 Christian Horner, principal of Red Bull Racing, has said his team could quit Formula One if the sport fails to attract more fans. Speaking to City A.M. ahead of Red Bull’s 13th season in F1, Horner said the company "will pay a very keen watching brief to see what is going to be the future [...]
Kevin Pietersen, Tymal Mills and Luke Wright quit Pakistan Super League days before final amid Lahore safety fears March 1, 2017 Former England batsman Kevin Pietersen, fast bowler Tymal Mills and all-rounder Luke Wright have pulled out of the Pakistan Super League final amid safety fears. Pietersen, England Twenty20 specialist Mills and Wright had been due to play for Quetta Gladiators on Sunday in Lahore, which has been hit by a series of bombings by Islamist [...]
Sky takeover: 21st Century to lodge deal papers with European authorities, firing the starting pistol on regulatory approval process March 1, 2017 Rupert Murdoch's 21st Century Fox will take one step closer to sealing its takeover of Sky by lodging documents with European authorities this week. Fox is expected to ask Brussels to approve the deal, a move that starts the clock on 10-day window for culture secretary Karen Bradley to open an investigation into the £11.7bn bid to take control [...]
Twitter’s troll crackdown:It’s going to start identifying abuse without it being reported March 1, 2017 Twitter has two new weapons in the battle against trolls: not only is it going to start identifying abuse before it is even reported – but it will allow users to mute certain keywords. No more "snowflake" jibes for Twitter users… Abuse is the social media giant's Achilles heel – trolling has been responsible for [...]
Ignore the pessimists: Why I’m bullish on Snapchat’s IPO March 1, 2017 Today could see the official start of the biggest tech IPO in history. Snapchat will finally announce the price per share it will be seeking for its long-awaited public offering. If the social media giant gets the valuation it’s rumoured to be expecting, a whopping $25 billion, its IPO could end up dwarfing even Facebook’s [...]
ITV profits rise – but ad sales fall in “uncertain” market March 1, 2017 Pre-tax profits at ITV rose in the year to the end of December, it said today – but ad sales dipped three per cent, partly thanks to uncertainty. The figures Anyone worrying about the fate of ITV in a post-Downton Abbey era needn't have bothered. The company said total revenue rose three per cent to £3.1bn, while pre-tax [...]
UEFA Champions League auction: BT and Sky prepare bids but could others come to the party? February 28, 2017 BT and Sky will go head-to-head in a near billion pound battle over the UK television rights for European Champions League football. A tender process kicks off with bids needing to be in tomorrow to secure the rights that also include the Europa League and will run for three years starting from the 2018/19 season. BT Sport is the incumbent provider [...]
Spot The Difference: Claudio Ranieri And The CEOs Being Kicked Out Of The FTSE100 February 28, 2017 What's the difference between Claudio Ranieri and the chief executives of the companies at the bottom of the FTSE100? That's easy. The latter aren't Italian, don't get nicknamed the Tinkerman and haven't won trophies lately. They are also still in their jobs. On the field, Ranieri, the manager who won international acclaim for achieving a 100-year-first [...]
Burberry shares jump after Belgium’s richest man snaps up three per cent stake February 28, 2017 Fashion darling Burberry's shares jumped today after reports that Belgium's richest man has snapped up a three per cent stake in the company. Shares rose nearly six per cent, the highest point since May 2015, after Albert Frere disclosed a stake in the trenchcoat maker. Known to be worth $4.9bn (£3.9bn), Frere also recently bought an undisclosed [...]
Next Liverpool CEO Peter Moore signals new direction for the club – six things you need to know February 28, 2017 As their team nursed the wounds of a bruising 3-1 defeat to Leicester City on Monday night, Liverpool made an announcement that could have much further-reaching implications than a disappointing loss in the league. The club revealed that from June its new chief executive will be Peter Moore, currently chief competition officer at video game giants Electronic [...]