British basketball handed major boost in LA 2028 Olympic funding December 16, 2024 British basketball has received a major boost after UK Sport more than doubled its funding allocation for the LA 2028 Olympic cycle. The sport is by far the biggest beneficiary from the record overall package of £330m, which will see its funding increasing from £1.35m to £2.93m. Skateboarding, climbing, weightlifting and baseball/softball are the other [...]
Revolut investors cash in with $1bn share sale December 16, 2024 Backers of Revolut have offloaded just shy of $1bn worth of stock in the neobank in just four months, after it extended its secondary share sale for the second time earlier this month. The investors, which largely comprise staff, venture capital backers and crowdfunding round participants, have looked to cash in on parts of their [...]
Grant Thornton UK partners green light private equity deal with Cinven December 16, 2024 Accountancy giant Grant Thornton UK partners have "unanimously voted in favour" of investment from private equity firm Cinven
How to make green energy cheap energy December 16, 2024 Green policies don’t win votes unless they cut bills too. Britain has a chance to transform its system to make energy affordable and grow the economy at the same time, says Octopus Energy Generation CEO Zoisa North-Bond The government’s clean power 2030 action plan is looking to ensure the economic benefits of clean energy and [...]
Shares in Ladbrokes owner Entain slump on money laundering investigation December 16, 2024 Entain shares fell nearly seven per cent this morning after the gambling giant was sued by Australian authorities over a failure to comply with anti-money laundering rules. The Australian Transaction Reports and Analysis Centre (Austrac) said on Monday that Entain’s Australian subsidiary failed to properly identify anti-money laundering risks in its first proceedings against an [...]
Stormzy ‘hooked’ on padel and opening new club at O2 December 16, 2024 Stormzy has become the latest celebrity to back the world’s fastest growing sport after agreeing a deal to be an ambassador for and investor in Padel Social Club. The award-winning music artist’s involvement comes as the London-based chain opens a third site, at the O2 in Greenwich, with a fourth club in the pipeline. Stormzy’s [...]
Cook: ‘Upmarket ready meal business is like a 27-year game of Monopoly’ December 16, 2024 Upmarket ready meal maker Cook has compared its financial position to a near-three decade long game of Monopoly as it hailed being in “the best shape it has been in for a long while”. The Kent-headquartered business said that it if the firm was a 27-year game of Monopoly, “we would now be in a [...]
London’s flexible office workers shift to four days a week December 16, 2024 Workers in London’s flexible office space have increased the number of days at their desk, despite sentiment that Londoners were unlikely to return to pre-covid working patterns. Three quarters of workers in flexible offices now use the working space at least four days a week, according to fresh data from Knight Frank. This comes amid [...]
Titanic Belfast targets international tourism as profit surges December 16, 2024 Titanic Belfast has targeted international tourists to continue its recent remarkable growth after its turnover and profit both surged during its latest financial year. The Northern Ireland museum is to focus on attracting visitors from Europe and long-haul destinations after noticing a shift in consumer patterns following the Covid-19 pandemic. The change comes after Titanic [...]
‘Czech Sphinx’ Royal Mail takeover signed off by government and unions December 16, 2024 The takeover of Royal Mail parent company International Distribution Services has been signed off by the government and unions, as EP Group is now set to officially gain control of the firm. The £3.6bn takeover by ‘the Czech Sphinx’, billionaire Daniel Kretinsky, was approved by shareholders in September, and was waiting on approval from the [...]