UK CFOs turn wary as inflation and borrowing costs bite: Deloitte
By William Schomberg LONDON Finance executives at top British firms have turned more cautious in the face of
1970-01-01 08:00
UK consumer group calls for government action on grocery prices
By James Davey LONDON British consumer group Which? has urged the government to take action to support households
1970-01-01 08:00
Golden Gate Fields racetrack in Northern California to close this fall
It’s the end of an era for Northern California horse racing
1970-01-01 08:00
Asking prices for UK homes slip as BoE's rates rises bite, survey
LONDON Asking prices for residential homes in Britain fell in July as rising mortgage costs and increasing buyer
1970-01-01 08:00
Chiefs depth chart: 3 backup plans after missing on DeAndre Hopkins
After DeAndre Hopkins decided to sign with the Titans instead of waiting for the Chiefs, Kansas City can go a different direction at wide receiver.The DeAndre Hopkins saga is over. After much speculation, the former All-Pro is now set to be a Titan.Where does that leave a suitor like the Chi...
1970-01-01 08:00
'Mission: Impossible - Dead Reckoning Part One' clocks in $80 million at the box office in 5-day opening
Tom Cruise has been on a mission to encourage fans to go to the movies to see not just his latest, "Mission: Impossible - Dead Reckoning Part One," but all the movies coming out this summer.
1970-01-01 08:00
Brentford only Premier League club to make top 10 of sustainability report
Brentford are the only Premier League team to have made the top 10 in a report assessing the country’s most sustainably-run clubs in the top four professional divisions. The Bees are the sole top-flight representatives among the best performers in the Fair Game Index published on Monday. This Index looks at all 92 clubs who were in the Premier League and the EFL last season, rating the performance of each on a weighted scoring system based on financial sustainability, governance, fan engagement and equality standards. Fair Game, a group of clubs and industry experts which campaigns for football reform, believes clubs’ performance against sustainability criteria should be used to determine how the bulk of the centrally-distributed broadcast revenue is allocated. League Two club AFC Wimbledon finished top in the Index. The Dons scored well across the board, underpinned by a firm commitment to never put the club’s financial status at risk. The club aim to always stay well below UEFA’s recommended wage-to-turnover ratio of 70 per cent, nurture homegrown talent and engage with the local community. Newly promoted League One team Carlisle are second, with Cambridge in third. No club who featured in the Championship last season made the top 10, with fourth-placed Plymouth promoted into the second tier at the end of last season. Brentford finished in 10th overall. Cambridge came top on governance in the Index, Lincoln led the way on equality standards and Exeter were first on fan engagement. Three of the six lowest-ranked clubs in the Index are Championship sides – Cardiff, Middlesbrough and League One play-off winners Sheffield Wednesday, while Premier League side Nottingham Forest had the lowest rating of all. Despite Forest being bottom, Premier League clubs had the highest average Index score – 50.0 – driven primarily by revenue being such a big factor in the financial sustainability, but were the worst performing on average for fan engagement. Championship clubs had the lowest average Index score – 38.1 – with clubs often spending beyond their means to either chase the Premier League dream or avoid the drop-off in income that follows relegation to League One. Fair Game has lobbied the football authorities to make clubs’ sustainability central to how much funding they receive, as the Premier League, EFL and the Football Association continue their talks on a ‘New Deal For Football’. Should they be unable to reach an agreement, the Government has said the new independent regulator for English football (IREF) should have backstop powers to impose a settlement via arbitration. Fair Game, which has consistently called for independent regulation, is also lobbying to ensure any backstop settlement includes consideration of how sustainable clubs are. Currently Fair Game says 12 per cent of the Premier League’s annual television income is distributed to the EFL and the wider pyramid. It says this should increase to 25 per cent, and also favours the introduction of a 10 per cent transfer levy on deals involving top-flight clubs, and deals between top-flight clubs and overseas teams. The fan-led review, published in 2021, called for a levy to be brought in but the proposal was not included in the Government’s white paper on football governance published earlier this year. Fair Game has also launched a tool allowing users to calculate how much clubs would earn based on their Fair Game Index score with the distribution percentages as they are now, and how that would change if the percentage increased and a transfer levy was introduced. Fair Game found 92 per cent of clubs outside the Premier League would be better off under its distribution model than the one currently in operation. Fair Game’s chief executive Niall Couper added: “The Fair Game Index paints a realistic picture of what our game could look like, a future where football chooses to reward well-run clubs. “Fair Game are working hard with communities, experts, football interest groups, fans, clubs and politicians to transform this picture into reality. “For the first time, the building blocks are in place.”
1970-01-01 08:00
UK Property Sellers Cut Asking Prices for First Time This Year
UK property sellers cut their asking prices for the first time this year, an indication that a sharp
1970-01-01 08:00
A New Generation of UK Pensioners May Be Stuck in Rental Homes
Home ownership in the UK is about to move further out of reach, even for the nation’s wealthiest
1970-01-01 08:00
Oil Extends Decline as Major Libyan Field Resumes Production
Oil fell for a second session as a major Libyan field resumed output after protesters that shut the
1970-01-01 08:00
Asia Stocks to Struggle as Inflation Doubts Linger: Markets Wrap
Asian shares face headwinds Monday after the rally in US bonds and stocks hit a wall Friday amid
1970-01-01 08:00
Teamsters president says he's asked the White House not to intervene if UPS workers go on strike
The head of the Teamsters said Sunday that he has asked the White House not to intervene if unionized UPS workers end up going on strike
1970-01-01 08:00
