6 d. ago West Ham plan to sell Lucas Paquetá and take him back on loan hits Flamengo resistance

Brazilian club may try to buy more cheaply in summerBuonanotte joins Leeds on loan from BrightonWest Ham will sell Lucas Paquetá this month if the deal includes an agreement for Flamengo to loan the midfielder back for the rest of the season.Flamengo had an opening bid of €35m (£30.3m) rejected for the Brazilian and are prepared to raise their offer to about €40m. Paquetá has made clear to West Ham that he wants to return to Brazil but it is understood Flamengo are not minded to loan him back, reasoning that they can wait and buy him more cheaply in the summer. Continue reading...

Events

6 d. ago West Ham’s plan to sell Paquetá and take him back on loan hits Flamengo resistance

Brazilian club may try to buy more cheaply in summerBuonanotte joins Leeds on loan from BrightonWest Ham will sell Lucas Paquetá this month if the deal includes an agreement for Flamengo to loan the midfielder back for the rest of the season.Flamengo had an opening bid of €35m (£30.3m) rejected for the Brazilian and are prepared to raise their offer to about €40m. Paquetá has made clear to West Ham that he wants to return to Brazil but it is understood Flamengo are not minded to loan him back, reasoning that they can wait and buy him more cheaply in the summer. Continue reading...

Events

6 d. ago West Ham will sell Lucas Paquetá if Flamengo agree to loan him back

Londoners have rejected €35m bid for midfielderFacundo Buonanotte likely to make Leeds moveWest Ham will sell Lucas Paquetá this month if the deal includes an agreement for Flamengo to loan the midfielder back for the rest of the season.Flamengo had an opening bid of €35m (£30.3m) rejected for the Brazilian and are prepared to raise their offer to about €40m. Paquetá has made clear to West Ham that he wants to return to Brazil and there are signs that the transfer will go ahead. Continue reading...

Politics

7 d. ago Renee Good's family hires George Floyd law firm to investigate Minneapolis ICE shooting

Renee Good's family hired the law firm that represented George Floyd’s family to seek answers and accountability for the Minneapolis mother's killing by a federal immigration agent

Events

1 week ago Iconic British trainer brand loved by Paul Weller and the Gallaghers sold to Japanese investment firm

An iconic British brand, which recently celebrated its 120th birthday, has been sold to a Japanese conglomerate.

Economics

2 w. ago Elon Musk’s xAI announces it has raised $20bn amid backlash over Grok deepfakes

AI company’s chatbot faces criticism over its generation of sexualized, nonconsensual images of women and girlsElon Musk’s artificial intelligence company has raised $20bn in its latest funding round, the startup announced Tuesday, even as its marquee chatbot Grok faces backlash over generating sexualized, nonconsensual images of women and underage girls.xAI’s Series E funding round featured big name investors, including Nvidia, Fidelity Management and Resource Company, Qatar’s sovereign wealth fund, and Valor Equity Partners – the private investment firm of Musk’s longtime friend and former Doge member Antonio Gracias. The funding round exceeded its initial $15bn target, according to xAI’s press release. The company touted Grok’s image generation abilities in the announcement of its latest funding round Continue reading...

Politics

2 w. ago Goldman Sachs investment becomes flashpoint in consulting firm legal row

Wall Street bank backed venture launched by Jonathan Orszag after he left FTI Consulting

Economics

2 w. ago Claims firm backed by Tyson Fury investigated over car finance saga adverts and ‘sales tactics’

A CLAIMS management firm backed by Tyson Fury is being probed by the City watchdog over concerns about sales practices targeting victims of the car finance scandal. The Financial Conduct Authority (FCA) launched an investigation on Friday into The Claims Protection Agency Ltd (TCPA) over "concerns about its advertising and sales tactics". The Manchester-based firm...

Economics

2 w. ago Watchdog investigating Manchester based claims firm over sales tactics

Concerns centre around the company's sales and advertising practices

Economics

2 w. ago Claims firm investigated by watchdog over car finance sales tactics

The FCA has repeatedly said consumers do not need to use a claims management company or a law firm to access its scheme.

Economics

3 w. ago ‘Be fearful when others are greedy’: Warren Buffett’s sharpest lessons in investing

As the billionaire retires, he leaves memorable advice from his annual letters that include pithy takes on bubbles, discipline and long-term goalsWarren Buffett, the billionaire investor who is retiring at the end of 2025, has entertained and educated shareholders in his Berkshire Hathaway conglomerate for many years with his pithy annual letters outlining the firm’s performance.Every year since 1965 he has updated his investors on the journey as Berkshire morphed from a “struggling northern textile business” with $25m of shareholder equity when he took over, to an empire worth more than $1tn.Though the price I paid for Berkshire looked cheap, its business – a large northern textile operation – was headed for extinction.My error caused Berkshire shareholders to give far more than they received (a practice that – despite the biblical endorsement – is far from blessed when you are buying businesses).Woody Allen once explained why eclecticism works: ‘The real advantage of being bisexua...

Events

4 w. ago Wrexham financial plan revealed as true reason behind Ryan Reynolds sale emerges

A Wrexham director has outlined the club's financial strategy in the wake of a share sale to an American investment firm

Economics

4 w. ago BP to sell majority stake in $10bn Castrol business to US investment firm

Stonepeak will acquire 65% of lubricants business as part of wider plans for the oil company to pay down its debtBusiness live – latest updatesBP has agreed to sell a majority stake in its $10bn (£7.4bn) lubricants business Castrol to the US investment company Stonepeak, as the new chair, Albert Manifold, rapidly reshapes the under-pressure oil and gas company.Stonepeak will acquire a 65% stake in Castrol, in a deal that values the division at $10.1bn including its debt. The deal, in which BP will retain a 35% stake in the business through a joint venture, is expected to close at the end of next year, the company said on Wednesday. Continue reading...

Economics

4 w. ago BP agrees deal to sell £7.4bn stake in Castrol to US investment firm

Stonepeak will acquire 65% of lubricants business as part of wider plans for the oil company to pay down its debtBusiness live – latest updatesBP has agreed to sell a majority stake in its $10bn (£7.4bn) lubricants business Castrol to the US investment firm Stonepeak, as the new chair, Albert Manifold, rapidly reshapes the under-pressure oil and gas company.Stonepeak will acquire a 65% stake in Castrol, in a deal that values the division at $10.1bn including its debt. The deal, in which BP will retain a 35% stake in the business through a joint venture, is expected to close at the end of next year, the company said on Wednesday. Continue reading...

Economics