
Jupiter’s Clients Pull Cash With £1 Billion of Net Outflows
Jupiter Fund Management Plc reported client outflows in the quarter, dragging down assets under management. Clients pulled £1
1970-01-01 08:00

Heathrow, Airlines Lose Bulk of Appeal Against Passenger Fee Cut
London’s Heathrow Airport and three major airlines lost the bulk of their appeal against an order by the
1970-01-01 08:00

China Weight-Loss Drug Stocks Lose Shine on ‘Misleading’ Claims
One of the few bright spots in China’s battered equity market is evaporating, with weight-loss drugs plunging after
1970-01-01 08:00

Apple’s Cook Cheers on Tencent Game Gala in Rare China Visit
Apple Inc.’s Tim Cook showed up at a Tencent gaming tournament in China, endorsing one of the biggest
1970-01-01 08:00

Belgian Police Hunt for Suspected Terrorist Who Killed Two
Belgian police are searching Tuesday for a Tunisian man who killed two Swedish football fans as they investigate
1970-01-01 08:00

Ericsson Says Weakness Persists in Quarter After Sales Miss
Ericsson AB said market weakness that has depressed sales will persist into the fourth quarter as the company
1970-01-01 08:00

British Companies Are Cutting Back on Pound Hedging
British companies are dialing back on currency hedging as their earnings become less vulnerable to dramatic swings in
1970-01-01 08:00

On this day in 2018: Shahid Khan withdraws £900m offer to buy Wembley from FA
American billionaire Shahid Khan withdrew his offer to buy Wembley Stadium from the Football Association on this day in 2018. The proposed deal was worth £900million and the FA was planning to spend the money on transforming grassroots facilities across the country over the next 20 years but the idea of selling the stadium, which cost £757million to build, proved to be controversial with many in the game. The owner of Fulham and NFL side the Jacksonville Jaguars felt his offer to buy Wembley proved more divisive than initially anticipated and decided to pull out. In a statement, FA chief executive Martin Glenn said: “Shahid Khan has informed us today that he will be withdrawing his offer to buy the stadium – and we fully respect his decision. “At a recent meeting with Mr Khan he expressed to us that, without stronger support from within the game, his offer is being seen as more divisive than it was anticipated to be and has decided to withdraw his proposal.” The proposed deal had the support of the FA’s senior leadership, including Glenn himself, and was also backed by the government but there were significant doubts elsewhere, most notably at the grassroots level itself. Khan’s intention was to eventually use Wembley as a home for his relocated Jaguars but was also willing to agree on several highly restrictive conditions on how he would run the national stadium, one of them being to keep the venue for all of English football’s biggest games. However, wider concerns about whether the FA was selling the family silver too cheaply, its ability to spend the money wisely and Khan’s long-term plans for the stadium all led to the downfall of the sale. In a statement, Khan, 68, said: “I’ve been clear publicly as well as in my correspondence with the FA Council that it would require a proper partnership, with the full and enthusiastic commitment of all involved, to maximise the benefits to the FA and game of football. “At this moment, following last week’s FA Council hearing, it appears there is no definitive mandate to sell Wembley and my current proposal, subsequently, would earn the backing of only a slim majority of the FA Council, well short of the conclusive margin that the FA chairman has required. “The intent of my efforts was, and is, to do right by everyone in a manner that strengthens the English game and brings people together, not divide them. “Unfortunately, given where we are today, I’ve concluded that the outcome of a vote next week would be far from sufficient in expressing the broad support favoured by the FA chairman to sell Wembley Stadium. “I am respectfully withdrawing my offer to purchase Wembley Stadium.” Read More Dallas Cowboys bounce back to edge past Los Angeles Chargers Eddie Jones commits his coaching future to Australia Stephen Kenny focused on fixtures instead of future after Ireland beat Gibraltar David Brooks looks to impress for Wales at a major tournament Northern Ireland U21s lose late on against Serbia I quite like the noise – Ellis Genge ‘fuelled’ by England’s critics
1970-01-01 08:00

Israel Latest: Biden Plans Mideast Trip in Drive to Contain War
President Joe Biden will travel to Israel on Wednesday in a show of solidarity for the US ally
1970-01-01 08:00

3 Diamondbacks to blame for Game 1 loss to overbearing Phillies
The Arizona Diamondbacks can walk away from this one thankful it's a best-of-7 series against the Philadelphia Phillies in the NLCS.
1970-01-01 08:00

With win in NLCS Game 1, Phillies just keep making MLB history
Just how good have the Philadelphia Phillies been in Game 1 play when opening a series? The answer may surprise you.
1970-01-01 08:00

Nick Castellanos refuses to give Diamondbacks even a sliver of bulletin board material
Nick Castellanos provided another legendary postgame interview after the Philadelphia Phillies beat the Arizona Diamondbacks in NLCS Game 1.
1970-01-01 08:00