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Odey Gates Redemptions From Brook Developed Markets Fund
Odey Gates Redemptions From Brook Developed Markets Fund
Odey Asset Management has gated the Brook Developed Markets Fund after redemption requests surged, as it moves to
2023-06-13 17:49
Joelinton: I received racist insults after Arsenal game
Joelinton: I received racist insults after Arsenal game
Newcastle midfielder Joelinton has revealed he received racist messages following last month’s Premier League defeat to Arsenal. The 26-year-old spoke about the subject while on international duty with Brazil, saying “many things need to be changed”. Newcastle were beaten 2-0 by the Gunners at St James’ Park on May 7. “It’s an important moment to speak about racism,” Joelinton told a press conference. “We have been talking about it for a long time. “Still, many things need to be changed. We talk about a combat against racism but we didn’t have much of a change. “This (racism) is not something happening now, but for a long time. “And, in the 21st century, we still see things like that. It’s hard to accept and believe that we are evolving when things like that still happen.” Asked if he had suffered racist abuse, the player replied: “Not on the pitch, no. “But after that match against Arsenal playing at home, I have received some messages with racist insults. But it’s gone, it didn’t affect me.” Joelinton, who is in line to win his first cap for his country in upcoming friendlies against Guinea and Senegal, received a message of support from his club. A post on Newcastle’s official Twitter account read: “There is no room for racism. Anywhere. We’re with you, Joe.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-06-13 17:46
Rob Page says Wrexham’s Paul Mullin must prove himself in EFL to earn Wales call
Rob Page says Wrexham’s Paul Mullin must prove himself in EFL to earn Wales call
Rob Page says Wrexham striker Paul Mullin will be considered for Wales selection if he scores regularly in League Two. Liverpool-born Mullin qualifies for the Dragons through his Welsh-born grandmother and has said he would love to represent Wales on the international stage. The 28-year-old has scored 78 goals in two seasons at Wrexham – helping the club owned by Hollywood actors Rob McElhenney and Ryan Reynolds back into the English Football League – and won the 2022-23 FA Cup Golden Ball as the competition’s top scorer. Mullin’s eligibility has been a big talking point among Wales supporters with many keen to see him given a senior call, but manager Page was reluctant to select someone plying his trade in the fifth tier of English football. “Forget what he’s done up until now,” Page said ahead of Friday’s Euro 2024 qualifier against Armenia in Cardiff. “If he is playing in League Two and he’s scoring goals, then we will look at him and consider him. But there is a massive gap from where he’s been up to League Two. “We will keep monitoring him and if he keeps scoring goals as he goes up the levels he’ll prove himself.” Mullin has already shone in League Two and won the division’s Golden Boot with a 32-goal season in Cambridge’s 2020–21 promotion campaign. He enhanced his reputation further in the FA Cup this term with nine goals, three of which came against Championship pair Coventry and Sheffield United. Page said: “I watched him against Sheffield United and I was very impressed by him, just from a work rate point of view. “I wouldn’t want to play against him, he’s a pain in the backside. “Forget his goalscoring and his eye for goal, I like him because he’s a pain to play against. He’s like a rat, and I want that.” Page admits Wales need to sharpen their attacking play for games against Armenia and Turkey after collecting four points from their opening two Euro 2024 qualifiers in March. Brennan Johnson and David Brooks have returned to the squad after missing the 1-1 draw in Croatia and the 1-0 home win over Latvia. “While I was happy with the Latvia performance and how we controlled the game, that final detail at the top of the pitch is where we need to improve,” Page said. “Having Brennan back fit, and Daniel James, Harry Wilson and David available is only going to help us achieve that. “With the personnel we’ve got we can have two or three different formations without any problem. “The game plan might change within a game, but having players like Brennan will give us the opportunity to get higher up the pitch and score more goals. “We’ve got some good players and the problem now is finding out how to get them all into the same team.”
2023-06-13 17:25
China Considers Developing Domestic High-Yield Bond Market
China Considers Developing Domestic High-Yield Bond Market
Chinese regulators are considering promoting the development of the domestic high-yield bond market to expand financing channels for
2023-06-13 17:24
US moves to block Microsoft's Activision takeover
US moves to block Microsoft's Activision takeover
Regulators have asked a judge to block the proposed deal, arguing it could harm competition levels.
2023-06-13 17:23
Solar Power Provider Seeks $100 Million for Nigeria Growth
Solar Power Provider Seeks $100 Million for Nigeria Growth
WATT Renewable Corp. aims to raise as much as $100 million by the end of 2024 to expand
2023-06-13 17:21
Jefferies Set to Hire Credit Suisse APAC ECM Syndicate Co-Head Chan
Jefferies Set to Hire Credit Suisse APAC ECM Syndicate Co-Head Chan
Jefferies Financial Group Inc. is poised to hire Credit Suisse Group AG’s co-head of Asia Pacific equity capital
2023-06-13 17:19
UK Two-Year Yield Rises to Highest Since 2008 After Jobs Data
UK Two-Year Yield Rises to Highest Since 2008 After Jobs Data
UK government bonds tumbled and traders priced in a more aggressive path of interest-rate hikes by the Bank
2023-06-13 17:19
China Credit Demand Weakens In Fresh Sign of Waning Recovery
China Credit Demand Weakens In Fresh Sign of Waning Recovery
China’s credit demand weakened in May as the economy’s recovery lost steam, adding to reasons for the central
2023-06-13 17:15
Norway’s GDP Misses Estimates With Biggest Drop in 15 Months
Norway’s GDP Misses Estimates With Biggest Drop in 15 Months
Norway’s economy trailed expectations in April by contracting the most in 15 months, painting a dimmer picture than
2023-06-13 16:59
The lesson Qatar has learned as Manchester United takeover bid enters final stages
The lesson Qatar has learned as Manchester United takeover bid enters final stages
Raine have continued talks with all bidders for Manchester United this week, as the prospective sale of the club enters its protracted final stages. Buyers have been reluctant to give a timescale on when they expect the process to be completed, as so many superficial deadlines have already passed. While most of the focus has been on Sir Jim Ratcliffe and Qatar’s Sheikh Jassim-fronted bid, those bidding for a minority are still in the race. Most notably, no party currently see themselves as out of it, even though the general feeling has been we are approaching the time when the Glazers are moving to “complete”. This confidence is most conspicuous with Qatar, given their camp didn't have that feeling two weeks ago. There was a widespread belief they were out of the race. The so-called “final take-it-or-leave-it” offer changed some thinking, and improved discussion. It is understood that offer is still of a lower overall value than that of INEOS, but the very fact that Qatar upped it at all is viewed as a strategic success for the Glazers. The involvement of Paris Saint-Germain’s Nasser Al Kehlaifi is also instructive, as it displays the Glazers’ intent to get Qatar to up the price. There is a view within industry circles that the United owners have long seen Ratcliffe as a “stalking horse” and that, if they are to actually sell, the intention has been to just gradually move Qatar up to the £6bn valuation. While Ratcliffe has made his valuation clear and can't really go past a certain point, after all, the Glazers are naturally conscious of Qatar's ultimately limitless wealth. It has ensured the process has become "a game", in the words of many sources. It is also why Qatar increasing their offer after the supposed last deadline is seen as a minor strategic victory for the Glazers. At the same time, there remains optimism within the INEOS camp, especially given the range of potential options they are giving the family. Avram and Joel Glazer, who are most attached to the club, could yet stay on. Chris Davidson, an academic expert on the Gulf who is a fellow at Durham University, believes the entire Qatar bid is a highly-calibrated approach that has been influenced by the purchase of Harrods in 2010. Now owned by the Qatar Investment Authority, the flagship department store was sold to Qatar Holdings for a reported £1.5bn. Sheikh Jassim’s father, the then Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani, actually flew to London to finalise the deal with Mohammed Al Fayed. The senior Jassim said at the time that Harrods would add “much value” to Qatar’s portfolio of investments, especially as a “historical place”, although Davidson points out how the state was derided for overpaying at the time. He believes this has influenced the United takeover process in two ways, both related to the image of the state. One is over the symbolism of the price. The second is over the idea of giving the impression of some separation, to put more searching questions at a distance. “They’re just calibrating their bid,” Davidson told The Independent. “They could blow anyone out of the water, but they’re calibrated to always be just a little bit around Ratcliffe. "It’s a very different approach. I think this is an example of Qatar learning a lesson they found out the hard way on Harrods, where they were repeatedly pilloried for having overpaid. They really wanted Harrods. It’s a particularly glamorous brand for people from the Gulf. The status it has given them among their Gulf rivals – not so much in the UK – is enormous. They were willing to overpay for that. I’m sure they’d be willing to overpay for Man United, too, but I think this was a case of having learned their lesson.” This then plays into another strategic purpose, which is putting a perceived difference between the bid and the state. It is all the more important given the greater focus on state ownership in sport, especially with Manchester City’s landmark treble victory and Saudi Arabia’s recent escalation in its sporting investments. One of the points that has been made about the Ratcliffe offer is that it would be much quicker and cleaner to do, as there would be no resistance from other clubs, nor human rights-related issues. The Premier League in March updated its Owners and Directors Test to include a new provision based on Global Human Rights Sanctions Regulations in 2020. Qatar has faced huge criticism from groups such as Amnesty and FairSquare, with that debate framing the entire 2022 World Cup. “By calibrating it, it just allows them to hover under the radar of being so obviously a state-backed entity, “ Davidson explains. “If they said ‘right, we want it’ just as they did with Harrods, and did a bid that blew everyone out of the water, it would be pilloried for being an uncompetitive offer that reflects badly on Qatar. It’s an ongoing calibration as far as I can see… enough to win the bid without attracting too much negative attention or too much attention it is ultimately state wealth. “If they calibrate their offer, one of the talking points becomes that it essentially can’t be state backing. Otherwise they’d throw even more of it. It’s clearly a stalking point bidding process.” INEOS are optimistic that is not the case and they have a real chance. Much will depend on how greatly the Glazers actually want to sell, which has remained a huge question throughout all of this. There remains a belief within the club itself that the Glazers’ preference is to just raise enough investment to redevelop Old Trafford but retain control. It is the poor state of the ground that has actually brought them to this point, after all, as it has started to affect revenue. Many in United’s hierarchy have taken note of just how impressive the new Tottenham Hotspur Stadium is, and what a revenue-machine it is for the London club. The current Old Trafford can’t offer that, and it was symbolic that it has been passed over for the Euro 2028 plans. That awareness runs alongside a persistent belief at the top of the game that elite clubs will see their value greatly rise in the years to come, particularly with the evolution of telecommunications and virtual reality technology. One industry source says that the new Chelsea owners were so keen to invest in the club – even for the much-pilloried £600m this season – because they believe they have bought an asset that could soon be worth £9bn for £2.5bn. The Glazers are conscious of this, too. While there had previously been a belief that the market for clubs had bottomed out, and that a sale now could offer a remarkable sum for each of the six siblings, there is also the view that this could just be a bad time to sell. They may miss out on huge future earnings. While this has been discussed among the Glazers, though, nobody really knows what they are thinking. That is especially true of the bidders now, since multiple sources maintain “you never know where you are in the race”. All of this will only become apparent whenever it ends, which is right now as much of an unknown. The hope is it’s this week, but that’s been said before, through multiple weeks. Read More Sheikh Jassim bid still on table as Manchester United takeover tests patience The year that sportswashing won: A season that changed football forever FA Cup final reveals key summer questions for Manchester United Football rumours: Arsenal closing in on Declan Rice for club-record fee Michael O’Neill expects Ethan Galbraith to flourish after Manchester United exit Manchester City’s treble winners arguably greatest ever English team – Joe Royle
2023-06-13 16:54
Why Real Madrid need Kylian Mbappe's help to facilitate summer transfer
Why Real Madrid need Kylian Mbappe's help to facilitate summer transfer
Real Madrid are interested in signing Kylian Mbappe from PSG this summer, but they will need a helping hand from the forward if they are to complete a transfer.
2023-06-13 16:51
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