Investors back Sorrell’s aggressive growth for S4 Capital despite heavy losses September 21, 2022 Sir Martin Sorrell’s S4 Capital felt the bite of its own aggressive hiring strategy this morning, with losses more quadrupling in the first half of the year to £75.4m. The loss included £100m of primarily combination payments, some linked to “continued employment”, and the associated expense and amortisation totalling £93.9m versus £41.6m in the first [...]
Ashley vs Cowgill: Has Sports Direct boss had the last laugh in retail rivalry? September 20, 2022 NEWS of Mike Ashley’s departure from Frasers also signals the end of one of retail’s most tempestuous rivalries, after JD Sports’ boss Peter Cowgill exited his own sportswear giant earlierthis year. After decades of high street tussle, the two retail titans have now both relinquished their roles behind two of the country’s largest athleisure brands. [...]
Musk: Starlink will lobby for exemption to operate in Iran amidst sanctions September 20, 2022 Starlink will lobby for an exemption to operate in Iran despite the current sanctions, according to the network’s owner Elon Musk. He didn’t specify on Monday night who or which legal authority he planned to lobby to. The comments came night after he tweeted that the service was now active on “all continents, including Antarctica.” [...]
Mike Ashley to relinquish director role on Frasers’ board September 20, 2022 Frasers Group founder Mike Ashley will relinquish his role as a director on the Sports Direct owner’s board. Ashley will not be standing for re-election as a director at the high street giant’s Annual General Meeting, Frasers announced on Tuesday. The former CEO, who handed the reins of his retail empire over to son-in-law Michael [...]
Sadiq Khan: London funeral procession viewing areas now full as Queen Elizabeth laid to rest September 19, 2022 All public viewing areas for the funeral procession of Queen Elizabeth II are now full, City Hall has declared. There will be no entry to new arrivals hoping to catch a glimpse of the procession in the areas around Buckingham Palace, Westminster, St James’s Park and Green Park. Crowds have descended on the capital before [...]
Wave of optimism and excitement across Ukraine as Russian Army suffers defeat after defeat in dozens of villages September 13, 2022 The sombre mood that has dominated Ukraine since the start of the Russian invasion, at the beginning of February, is rapidly making way for a wave of optimism and excitement after days of successes by the country’s army. Reports yesterday from the Ukrainian military stated that home forces successfully freed more than 20 settlements in [...]
Twitter shareholders on verge of approving Elon Musk takeover September 13, 2022 TWITTER whistleblower Peiter Zatko was grilled in the US Congress this afternoon, adding further ammunition to Elon Musk’s legal battle with the social media giant over his stunted takeover. Twitter’s former head of security, who was fired last year, accused the company of misleading regulators about cyber security, as well as its management of bot [...]
Michael Murray: Frasers ‘increasing efforts’ to reach out to City investors September 12, 2022 The new boss of Frasers has pledged to repair relations between the retailer and the City. In an interview with The Financial Times, Michael Murray said the Sports Direct owner was “definitely going to be increasing its efforts” to reach out to investors. The retailer was presently recruiting for an investor relations manager, as well [...]
Claimants pile into Dogecoin lawsuit against Elon Musk September 8, 2022 A $258bn lawsuit accusing Elon Musk of running a “crypto pyramid scheme” to bolster the price of Dogecoin has expanded to include seven new claimants and six defendants, including The Boring Company. The lawsuit, first filed in a New York federal court in June, accuses the world’s richest man of running a ponzi scheme by [...]
Sadiq Khan: Mayor to write book on winning support for climate change policy September 8, 2022 Sadiq Khan will publish his first book early next year, Breathe, which publishers say will be a “warm and practical” guide to winning support for “tough climate action.” Khan’s book will be a “seven step guide” to persuading citizens and businesses to get on board with policies to fight climate change. The book will identify [...]