Fresh legal twist in Wimbledon expansion saga December 11, 2024 Wimbledon chiefs have begun a legal process in a bid to see off any lingering threat of a challenge to their £200m expansion plans for the world famous tennis club. Opponents of the scheme want to use an obscure law to quash the planning permission finally granted last month, three years after the plans were [...]
Ashtead launches buyback amid FTSE 100 departure December 11, 2024 FTSE 100 giant Ashtead has launched a $1.5bn (£1.2bn) share buyback after announcing yesterday it would be switching its primary listing to the US. In a stock exchange notice today, the construction equipment firm said it had entered into an agreement with Barclays to buy back up to 65m shares over the next 18 months. [...]
Cohort’s order book hits record amid booming defence spending December 11, 2024 AIM-listed defence group Cohort has reported strong half-year results, attributing its performance to conflicts in Europe and the Middle East and “heightened international tensions” in the Asia-Pacific region. The group, which owns six defence companies including Chess, EID, and SEA, recorded a 25 per cent year-on-year increase in revenue for the six months to 31 [...]
Vodafone hit with £120m legal action by UK franchisees December 11, 2024 A group of Vodafone franchisees across the UK have launched a multi-million pound legal action against the telecoms giant over "bad faith" business practices
Tui profit jumps but growth set to slow December 11, 2024 Shares in Tui fell on Wednesday despite full-year profit rising by a third on strong demand for its wide-ranging travel offering.
S&U says Budget and motor finance scandal weighing on performance December 11, 2024 S&U said the Budget and a scandal over motor finance commissions have dragged on the specialist lender’s financial performance. Anthony Coombs, a former Conservative MP who has been S&U’s chair for the last 16 years, argued Labour’s first Budget had “curtailed the sector’s growth ambitions and cast doubt over the new government’s plans to ‘Get [...]
Heathrow Airport to cap off year in record style December 11, 2024 Heathrow said it served 6.5m passengers in November and on Wednesday forecast December would also be a record breaker.
Ahead of the Game: British Horseracing Authority accused of ‘selling out sport’ December 11, 2024 Campaign group Clean Up Gambling has switched horses and is backing racing in the sport’s push to be regulated separately from online casinos and slots. Clean Up Gambling, which is funded by multimillionaire Labour donor Derek Webb and run by former party official Matt Zarb-Cousin, has called for racing to be exempt from affordability checks [...]
Exclusive: Forest, Chelsea and Inter players join £1.1m boot firm Sokito’s funding round December 11, 2024 Players from clubs such as Nottingham Forest, Chelsea and Inter Milan have joined a £1.1m funding round for eco-friendly football boot firm Sokito. A total of 60 players, 44 of whom are new investors, have joined the roster of investors from leagues including the Premier League, MLS and the Bundesliga. Chelsea’s Trevoh Chalobah is on [...]
The Notebook: Is it time for the City to embrace behavioural science? December 11, 2024 When Rachel Reeves laid the groundwork for deregulating the finance sector last month, the City’s behavioural scientists spied an opportunity. After all, you don’t need an encyclopaedic knowledge of the City’s post-crisis rap sheet to understand that relying on regulation and controls to influence financial workers’ behaviour has its limitations. Whereas if there were a [...]