Corporate credit quality weaker than markets factor in - Janus Henderson
By Chiara Elisei LONDON Corporate credit quality is weaker than financial markets currently price in, while defaults are
2023-07-28 07:29
This Week in Playoff Mode: Bam Adebayo has his NBA Playoffs moment
Bam Adebayo stood at the free-throw line at Ball Arena on Sunday night and, with 21,000 fans trying to rattle him and the Denver Nuggets mounting a last-chance comeback, brought the ball up from his right hip, took one dribble and calmly made the second of two foul shots to put the Miami Heat back u...
2023-06-06 01:57
Biden would veto two House spending bills, White House says
U.S. President Joe Biden would veto House of Representatives appropriations bills that would provide funding for the State
2023-09-23 01:50
Alejandro Garnacho returns to put seal on Manchester United win over Wolves
Alejandro Garnacho returned from injury with a bang as the Manchester United teenager wrapped up a victory against Wolves that gets their Champions League qualification quest back on track. Back-to-back defeats at Brighton and West Ham allowed rivals Liverpool to move within a point of the Red Devils in fourth, as Erik ten Hag’s side risked allowing a positive season to end badly. United alleviated the pressure somewhat by returning to winning ways thanks to Anthony Martial’s close-range finish and substitute Garnacho’s stoppage-time goal in Saturday’s 2-0 victory against Wolves. Antony’s intelligent pass set up the France international to score the opening goal – just his fifth in the Premier League this term – in front of former manager Ole Gunnar Solskjaer. The 1999 treble hero was serenaded by fans as he attended his first match at Old Trafford since being sacked 18 months and received a warm welcome in the directors’ box. United’s 25th home win of the season will not live long in the memory but would have been more comfortable had Dan Bentley not made some impressive saves on his top-flight debut. But the Wolves goalkeeper would be beaten once more in stoppage time as substitute Garnacho scored as he made his first appearance since injury an ankle two months ago. Injured Marcus Rashford was among three players to make way for the hosts on Saturday, when Ten Hag’s side had a glorious chance to take an early lead. Max Kilman’s slip gifted Antony the ball but the winger could only continue to bend a left-footed strike wide. The hosts dominated the early possession and tempo, playing with such comfort that could explain why returning defender Raphael Varane tried a wild, uncharacteristic effort from distance. But for all of United’s control there was not much for Wolves goalkeeper Bentley to do on his Premier League debut. The 29-year-old – in for Jose Sa – caught a Bruno Fernandes free-kick that had been slowly heading towards the top left-hand corner, then watched a hopeful Christian Eriksen attempt bounce wide. Well-placed Antony should have done better than poorly heading over from Luke Shaw’s fine cross when United next attacked, but he soon atoned for that latest miss. Fernandes played the winger behind Wolves’ backline and he smartly cut across to Martial after Bentley raced off his line, allowing the France forward to apply a simple finish. That 32nd-minute opener would have been followed by another had Bentley not been alert to tip over his own bar from a corner. The first half ended with Martial seeing a weak effort comfortably stopped after a roaring Antony run on the counter. The Brazil international had an attempt blocked shortly after the break and Wolves returned in a better shape, albeit failing to test David De Gea. Lively Antony saw a low drive deflect just wide of the near post and Fernandes’ effort from an acute angle was denied as the home side attempted to put the game beyond Wolves. United would have scored a second in the 73rd minute had Bentley not got down exceptionally to get a strong hand on a Jadon Sancho effort that was bound for the bottom corner. The Wolves shot-stopper’s impressive display continued as he turned away a Casemiro attempt. Each missed opportunity increased the nerves and Adama Traore’s driven cross to the near post was blocked by substitute Harry Maguire as Raul Jimenez lurked. Fernandes curled over a free-kick and Bentley denied Antony towards the end of a match that ended with a special moment in front of the Stretford End. Fernandes slipped through Garnacho and the teenager smartly made space under pressure from Nelson Semedo to score off the inside of the post. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Raheem Sterling’s double earns Chelsea draw against Nottingham Forest Aston Villa turn up heat on European rivals Tottenham with vital win Southampton’s relegation confirmed after Aleksandar Mitrovic-inspired Fulham win
1970-01-01 08:00
Newcastle agree massive new shirt sponsor with Saudi-based firm
Newcastle United have confirmed a new front-of-shirt sponsorship deal with Sela, a Saudi Arabian events and experiences organisation. The St. James’ Park club describe the arrangement as a “multi-year partnership”, and while no details over the financial arrangements were given by the club, several reports have placed the deal in the £25 million per year bracket. A previous arrangement with Fun88 has been cut short, claim reports, and while no financial details have been made public over the exact value of that arrangement, the initial agreement was worth around £6.5m per year. An extension and potential renegotiation has occurred since that partnership started in 2017. Fun88 have been retained as an “official Asian betting partner”, the club say. The new shirt sponsor, however, is likely to be seen as a major test of the new Premier League related-party deals and market value rules. Sela’s website states the company is owened by the Public Investment Fund (PIF), who are the primary owners of Newcastle United. The club’s chief executive Darren Eales said Sela were chosen following a “highly competitive commercial process”. Premier League clubs agreed in April to remove all betting companies from front-of-shirt sponsorships, though that is a delayed approach which does not kick in until the 2025/26 season. Separate to betting companies in isolation, new top flight rules state “Associated Party Transactions” - such as sponsorship deals - have to be submitted for a “Fair Market Value Assessment”. The Independent reported recently that senior executives in the English game had questioned “whether the regulations adequately cover the situation”, given the layers overlapping the two organisations between the Newcastle and Sela deal. The Saudi company was founded by Dr Rakan Al-Harthy, who is also named as a director of Qiddiya, an entertainment project similarly owned by PIF. Newcastle chairman Yasir Al-Rumayyan also sits on the Qiddiya board, which is chaired by Crown Prince Mohammed bin Salman - who is also the PIF chairman. While Newcastle’s new deal certainly represents an enormous uptick compared to their previous one, it yet lags behind some Premier League rivals. Chelsea’s deal with Three, which expires this summer, was reportedly worth £40m per year, Liverpool’s contract with Standard Chartered in the region of £50m a year and Man City’s Etihad package is worth £67m a season. A statement from Newcastle CCO Peter Silverstone regarding the sponsorship deal read: “Sela joins us on our exciting journey back into the Uefa Champions League, enabling us to reach and engage with an even greater global audience together. We are proud to put their brand at the front and centre of our next stage of growth as an elite global Premier League club. “Our partnership will provide a key gateway to growing our fanbase globally, and specifically in Saudi Arabia and the Middle East, while showcasing Sela’s activities and iconic destinations and properties, as they look to diversify their business activities in the UK and beyond. Sela has an incredible track record in delivering experiences across recreational sectors, and particularly in marketing sporting assets and properties including the Spanish Super Cup and Italian Super Cup. “We believe they will market our club and brand accordingly, boosting our aim to be the most supported Premier League club in Saudi Arabia - a country with a young, digitally-savvy population that is hugely passionate about football.” Read More Ange Postecoglou promises excitement at Tottenham Georgia Adams eager to keep Charlotte Edwards Cup in familiar home on Finals Day Rumours: Arsenal want early Rice deal and Newcastle target relegated trio
2023-06-09 22:06
Who is Nahel - teen shot dead by police in France
French president Emmanuel Macron held a crisis meeting as Francewas gripped by violence for a second day on Thursday over the police killing of a teenager of North African descent. Clashes first erupted on Tuesday night in and around the Paris suburb of Nanterre, where the teen, identified as Nahel M, 17, was shot during a traffic check. Nahel's last name has not been released by authorities or his family. His mother has called for a silent march on Thursday in his honour in the square where the teenager was killed. "I lost a child of 17-year-old, they took my baby," the mother, who has not been named, said in a TikTok video. "He was still a child, he needed his mother. This morning he gave me a big kiss and told me he loved me. I told him be careful and I loved him." According to his mother, they both had left the house together. While he went to get a McDonalds takeout, she left for work. "And then I am told they shot my son, what can I do," the heartbroken woman said. "I only had him. I didn't have 10 like him. He was my life, my best friend. He was my son, He was my everything." The victim's grandmother, who also remained unidentified said: “I will never forgive them. My grandson died, they killed my grandson. We are not happy at all, I am against the government." “They killed my grandson, now I don't care about anyone, they took my grandson from me, I will never forgive them in my life, never, never, never.” A video shared on social media showed two police officers beside a Mercedes AMG car, with one shooting at the teenage driver at close range as he pulled away. He died shortly afterward from his wounds, the local prosecutor said. The teenager, who was too young to hold a full license in France, was driving illegally, a source familiar with the investigation told Reuters. The Nanterre prosecutor said the boy failed on Tuesday to obey the officers’ orders. A lawyer for Nahel's family, Yassine Bouzrou, said they want the police officer prosecuted for murder instead of manslaughter. He said he would file an additional complaint for false testimony over the allegation that the victim had tried to run over the police officer. Police arrested 150 people during a second night of unrest, interior minister Gerald Darmanin said, as public anger spilled onto the streets in towns and cities across the country. Some 40,000 police officers will be deployed overnight to quell violence that engulfed cities and towns, the ministry said, adding that 5,000 alone will be sent to Paris. President Macron said the killing was “inexplicable and inexcusable” and called for calm. “Nothing justifies the death of a young person,” he told reporters in Marseille on Wednesday. Read More Paris riots – latest: Police officer who shot teen dead under investigation for homicide as 150 arrested Paris riots: Video shows police interacting with teenager during fatal traffic stop French police, protesters clash in multiple towns after 17-year-old killed by police Who is Nahel? The teen shot dead by police in France France mobilising 40,000 police to stop fresh violence after officer kills teenager Russia has ‘arrested’ General Armageddon over Wagner mutiny – war news live
2023-06-29 21:51
Hong Kong leader defends new election rules even though biggest pro-democracy party can't join race
Hong Kong’s leader is defending the rules for the upcoming local elections as open and fair after an electoral overhaul effectively barred the city’s remaining pro-democracy activists from joining the race
2023-10-31 13:16
Sinner storms past de Minaur for first Masters title
Jannik Sinner came up third time lucky in a Masters 1000 final on Sunday as he won the Toronto title 6-4...
2023-08-14 06:15
Farmers Insurance says it is cutting 2,400 jobs in bid to ensure long-term profitability
Farmers Insurance says it will lay off 11% of its workforce — about 2,400 employees — as part of a corporate restructuring aimed at increasing its efficiency and long-term profitability
2023-08-29 04:30
The free transfers Barcelona should target in the summer window
Here are six players that Barcelona could look to sign for free this summer that would improve their squad.
2023-06-12 03:00
Henry Kissinger, secretary of state under Presidents Nixon and Ford, dies at 100
Former Secretary of State Henry Kissinger has died, his consulting firm says
2023-11-30 10:21
Biden arrives in Britain ahead of NATO summit, Finland visit
President Joe Biden arrived in Britain Sunday where he will meet King Charles III and Prime Minister Rishi Sunak before continuing to Vilnius for a NATO summit, then a final...
2023-07-10 05:27
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