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☆ HS2: UK PM Rishi Sunak slashes giant rail project as business warns of blow to credibility
▼ + stars: | 2023-10-04 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —UK Prime Minister Rishi Sunak has taken the axe to Britain’s biggest current infrastructure project, despite warnings from business leaders that the U-turn will damage investor confidence in the country. “This means £36 billion of investment in the projects that will make a real difference across our nation,” he added. “Any deviation could result in a loss of investor trust, and this would have a considerable negative impact on the UK. The ambitious HS2 project falls into this category.”The U-turn was also blasted by Richard Walker, the boss of supermarket chain Iceland, and until recently a long-time Conservative Party member. The government’s “evident inability” to deliver on major projects “is devastating to both its credibility and to business confidence,” Walker wrote in The Guardian newspaper Sunday.

Persons: Rishi Sunak, Sunak, ” Sunak, Andy Street, We’ve, Tom Wagner, Wagner, ”, Richard Walker, ” Walker Organizations: London CNN —, Manchester —, Conservative Party Conference, Conservative Party, Conservative, Investors, LBC, Knighthead Capital Management, Birmingham City football, The Guardian, “ Locations: London, Birmingham, Manchester, United Kingdom, England, Iceland

The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. The plaintiffs said Morgan Stanley convinced them to invest about $281 million, but hid details of a Brightline preferred share transaction that should have required the loan be prepaid at a "make-whole" amount they estimated at $750 million. Morgan Stanley was also accused of having swapped out one document with the signature of a Certares affiliate, to make it seem like the affiliate had read and agreed to the preferred share transaction. In a statement, Morgan Stanley said "the firm does not believe the claims have merit and will defend itself vigorously." The case is CK Opportunities Fund I LP et al v Morgan Stanley Senior Funding Inc et al, New York State Supreme Court, New York County.

Persons: Morgan Stanley, Andrew Kelly, Morgan, Brightline, Tatiana Bautzer, Jonathan Stempel, Rosalba O'Brien Organizations: New York Stock Exchange, REUTERS, Certares Management, Knighthead Capital Management, Brightline Holdings, Fortress Investment Group, Las, New York, Court, Thomson Locations: Manhattan , New York City, U.S, New York, Manhattan, Florida, Los Angeles, Las Vegas, Brightline, New, Court , New York County

☆ Why US sporting stars like Tom Brady, LeBron James, and JJ Watt are piling into English soccer
▼ + stars: | 2023-08-05 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +6 min

Brady joins the likes of Jordan Spieth, JJ Watt, and LeBron James by buying into English football. Former NFL star Watt bought a minority stake in Burnley FC, in May. Now, legendary quarterback Brady has unveiled a minority stake in Birmingham City. The rise of across-the-pond partnerships raises a question: what is it about British clubs that has suddenly captured celebrities' imagination? The rewards for success in the English Premier League can be astronomical.

Persons: Tom Brady, Brady, Jordan Spieth, JJ Watt, LeBron James, Watt, Spieth, Michael B Jordan, Ryan Reynolds, Rob McElhenney's, Simon Chadwick, Reynolds, Ralph Lauren –, Christina Philippou, we've, Philippou, it's, Chadwick, That's, We've, they're, there's Organizations: Service, NFL, Burnley FC, Leeds United, Liverpool FC, Fenway Sports Group, AFC Bournemouth, Disney, Birmingham, Knighthead Capital Management, Wrexham, L'Oreal, English Premier League, Sky, BT, Amazon Prime, Premier League, Manchester City, Portsmouth University, Wrexham AFC, Premier League –, European Locations: Birmingham City, Wall, Silicon, British, Wrexham, Birmingham, United States

☆ Tom Brady becomes minority owner of second-tier British soccer team Birmingham City
▼ + stars: | 2023-08-03 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —NFL great Tom Brady has joined a partnership to become a minority owner in second-tier British soccer team Birmingham City, it was announced on Thursday. Birmingham City finished 17th in the second-tier of English football’s pyramid, the Championship, last season. Birmingham City finished 17th in the second-tier of English football’s pyramid, the Championship, last season. “Tom Brady joining the Birmingham City team is a statement of intent. With Garry Cook as CEO, Hope Powell as Women’s Technical Director and now Tom Brady we are off to a fast start.

Persons: Tom Brady, Brady, ” Brady, Tony Marshall, I’ve, “ Tom Brady, ” Tom Wagner, “ Tom, Tom, Garry Cook, Hope Powell Organizations: CNN, NFL, British, Birmingham City, Knighthead Capital Management, Board, League Pickleball, Le, Club, Academy, Blues, Women’s, Birmingham City’s, Swansea, Saturday Locations: Birmingham

☆ Tom Brady takes minority stake in second-tier English soccer club Birmingham City
▼ + stars: | 2023-08-03 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Tom Brady #12 of the Tampa Bay Buccaneers waves to the crowd as he runs off the field after defeating the New England Patriots in the game at Gillette Stadium on October 03, 2021 in Foxborough, Massachusetts. LONDON — Seven-time Super Bowl champion Tom Brady has become a minority owner of English soccer club Birmingham City. The legendary NFL quarterback ended his football career in February at the age of 45 after 23 seasons, a record seven Super Bowl titles and five Super Bowl MVP trophies. "Birmingham City is an iconic club with so much history and passion and to be part of the Blues is a real honour for me," Brady said in a statement. Although based in the U.K.'s second-largest city, the club has languished outside the coveted Premier League since 2011 and has long been eclipsed by crosstown rival Aston Villa.

Persons: Tom Brady, Brady Organizations: Tampa Bay Buccaneers, New England Patriots, Gillette, LONDON, soccer, Birmingham City, —, Knighthead Capital Management, NFL, Super, Knighthead, Premier League, Aston Villa Locations: Foxborough , Massachusetts, New York, Birmingham

☆ Tom Brady becomes minority owner of Birmingham City
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Jan 1, 2023; Tampa, Florida, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) gets pumped up prior to the game against the Carolina Panthers at Raymond James Stadium. Mandatory Credit: Kim Klement-USA TODAY Sports/File PhotoAug 3 (Reuters) - Seven-times Super Bowl champion Tom Brady has become a minority owner in English soccer club Birmingham City and will become the chairman of its new advisory board, the Championship team announced on Thursday. "Tom Brady joining the Birmingham City team is a statement of intent. "I've been part of some amazing teams in my day, and I'm looking forward to applying my perspective to create that same success here in Birmingham," Brady said. He was unveiled as the newest celebrity team owner in the E1 World Championship, the new electric race boat competition.

Persons: Tom Brady, Raymond James Stadium, Kim Klement, Brady, Tom, Tom Wagner, I've, Rohith Nair, Robert Birsel Organizations: Tampa Bay Buccaneers, Carolina Panthers, Raymond, Birmingham City, Championship, NFL, Knighthead Capital Management, Premier League, WNBA, Las Vegas Aces, Thomson Locations: Tampa , Florida, USA, England's, Birmingham, Bengaluru

☆ Hertz Chairman Exits, CEO Stephen Scherr to Replace Him
▼ + stars: | 2023-01-18 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

The Hertz Global Holdings Inc. chairman who helped lead the company through its postbankruptcy reorganization is stepping down and will be replaced by Chief Executive Stephen Scherr . The rental-car outfit said Greg O’Hara , the founder and senior managing director of Certares Management LLC, is stepping down after 18 months at the helm of the board. His firm and Knighthead Capital Management LLC jointly won control of the then-bankrupt company in 2021.

☆ Jim Cramer's top 10 things to watch in the market Wednesday: China reopening fails to inspire
▼ + stars: | 2022-12-07 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Two out of the Club's three stocks tied closely to China — Starbucks (SBUX) and Wynn Resorts (WYNN) — are down. Barclays piles on and cuts every price target for oil companies. RBC Capital raises price target on Nike (NKE) to $120 per share from $115; keeps outperform (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

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