Hong Kong-based Jardine Matheson announced the A$3.4 billion acquisition of Australian diagnostic and teleradiology group I-MED Radiology Network. The deal includes I-MED's minority stake in AI radiology solutions developer Harrison.ai.
Exclusive: Documents show Modella Capital, which bought the chain last year, is so far owed £2.9m in royalty feesThe investment company that owns the former WH Smith high street stores is charging the retailer millions of pounds in licence fees for the right to use its widely derided TG Jones name, the Guardian can reveal.Modella Capital – which bought the chain from WH Smith’s parent company last year – on Wednesday blamed weak consumer spending as it laid out a restructuring plan that could shut 150 of its 450 shops. It also said “the forced name change from WH Smith has also negatively impacted consumer awareness”. Continue reading...
Modella Capital, which rebranded shops as TG Jones, unveils major restructure and is seeking rent holidaysUp to 150 former WH Smith stores are likely to close, putting thousands of jobs at risk under a radical restructuring plan by their new owner, which had rebranded the shops as TG Jones.The investment company Modella Capital, which bought WH Smith’s chain of 480 high street stores for £76m last year, blamed “weak consumer spending” as it set out the plan to landlords on Wednesday. Continue reading...
New owner Modella Capital, which rebranded shops to TG Jones, blames weak consumer spending Dozens of former WH Smith stores are likely to close, putting thousands of jobs at risk under a radical restructuring plan by their new owner, which had rebranded the shops to TG Jones,The investment company Modella Capital, which bought WH Smith’s chain of 480 high street stores for £76m last year, blamed “weak consumer spending” as it set out the plan to landlords on Wednesday. Continue reading...
Richard Tice, deputy leader of Reform UK, allegedly failed to pay almost £100,000 in corporation tax through four shell companies between 2020-2022, with his investment company Tisun Investments Ltd transferring £1.113m to Reform UK during that period. The Sunday Times reported the companies were set up to receive dividends from Tice's property investment firm. Tice acknowledged potential errors and stated he would pay what is owed. Labour party chair Anna Turley called for Nigel Farage to explain why Tice remains deputy leader.
Chiefs’ new owner will be Black Knight Sports and EntertainmentMichael B Jordan has stake in company that owns BournemouthBill Foley, owner of AFC Bournemouth, is poised to take control of Exeter Chiefs in a multimillion-pound deal that will bring Premier League and Hollywood glamour to English club rugby.The Guardian revealed this week that Exeter’s chair, Tony Rowe, had agreed to sell the club to a wealthy American investor, and can now disclose the club’s new owner will be Foley’s multisport investment company, Black Knight Sports and Entertainment. Continue reading...
