Murdoch tabloids suffer losses. News Group Newspapers, which publishes the Sun, reported a pre-tax loss of £69m for the year to the end of June.
The Government and its advisers are racing to finalise the sale of British Steel to Chinese firm Jingye amid widespread speculation that it could fail to meet a deadline this week.
SoftBank urged to unwind part of its $146bn stake in Alibaba. SoftBank’s stake in Alibaba is worth $146bn, making it an ‘obvious’ source of funds to meet Elliott Management’s $20bn share buyback demands.
Five-a-side football operator Powerleague has routinely sent customers urgent pleas for cash to meet some of its costs just over a year after a rescue plan that resulted in the closure of 13 sites and the loss of 109 jobs.
