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Sports Direct shares slip as House of Fraser weighs on results

Sports Direct shares slip as House of Fraser weighs on results

Business
Shares in Mike Ashley's Sports Direct have dived more than 10% after the retailer said it had delayed the publication of its annual results.The company, whose shares trade on the FTSE 250, blamed problems integrating its purchase of House of Fraser (HoF) stores last summer and increased scrutiny of its accounts. It added that this could affect its financial forecasts. Image: House of Fraser was bought by Mr Ashley in August last year Sports Direct had been due to publish results for the year to 28 April on Thursday but said it now expected to release them between 26 July and 23 August.Its statement said: "The reasons for the delay are the complexities of the integration into the company of the House of Fraser business, and the current...
Tyler Perry to film White House drama ‘The Oval’ this summer

Tyler Perry to film White House drama ‘The Oval’ this summer

Entertainment
June 22 (UPI) -- Filmmaker Tyler Perry is working on The Oval, a new BET Networks drama set in the White House and focused on a fictional, first family. Principal photography is to begin this summer at Tyler Perry Studios in Georgia. The show's ensemble includes Ed Quinn, Kron Moore, Paige Hurd and Daniel Croix Henderson. "I've been hard at work on The Oval and can't wait to share this story with audiences," Perry said in a press release. "I've set out to create a show that tells the story of a family placed in the White House by people of power while also highlighting the personal side and everyday lives of the staff who run the inner workings of the nation's most iconic residence." Perry, 49, wrote the series, and is also producing and directing it. His credits include the Madea film a...
Climate protesters disrupt Hammond’s Mansion House speech

Climate protesters disrupt Hammond’s Mansion House speech

Business
Media playback is unsupported on your device Climate change protesters disrupted the beginning of Chancellor Philip Hammond's Mansion House Speech.They were removed from the City of London event after several minutes and Mr Hammond was able to continue soon afterwards."The irony is that this is government that has just led the world by committing to a zero carbon economy by 2050," said the chancellor.Greenpeace said: "Business as usual is no longer an option."The organisation said 40 activists had "gatecrashed" the chancellor's speech.Climate campaigner Areeba Hamid, said: "The real bottom line, the priority that needs to come before all others, is not profit, revenue or growth, but survival. "That needs to be recognised in every boardroom a...
U.S. House committee rejects low-yield nukes in defense bill

U.S. House committee rejects low-yield nukes in defense bill

Business
June 13 (UPI) -- The House Armed Services Committee rejected two Republican amendments to the defense appropriations bill for additional funding and deployment of low-yield nuclear warheads. After a heated debate during markup of the 2020 National Defense Authorization Act on Wednesday, the committee voted to reject the amendments in two 30-26 votes. Democrats hold a 31-26 majority on the panel. The marathon hearing ended about 7 a.m. Thursday as the $ 733 billion defense policy bill was approved and is headed to the full House. The committee voted 33-24 to approve the NDAA, with Republicans Elise Stefanik of New York and Don Bacon of Nebraska siding with Democrats in support of the bill. The two amendments introduced by Rep. Liz Cheney, R-Wyo., would have removed a ban on deploying the ...
U.S. House subcommittee cuts F-35 spare parts request amid supply problems

U.S. House subcommittee cuts F-35 spare parts request amid supply problems

Business
May 21 (UPI) -- A U.S. House subcommittee wants to approve only half of the Pentagon's spare parts purchases for F-35 jets in reviewing 2020 budgetary plans. Last week, the Democrat-led House Appropriations Committee released a draft of the fiscal year 2020 defense funding bill, which includes $ 690.2 billion in discretionary spending. The legislation includes 90 F-35 aircraft, 12 more than requested, and eight F-15EX aircraft, meant to recapitalize the F-15C/D fleet in the U.S. military. The fiscal year begins in October. The House Appropriations Defense subcommittee is tasked with scrutinizing the military budget. Lawmakers are questioning the Air Force's fighter jet procurement and parts shortages for the F-35 fighter jets. The panel plans to approve half of the $ 728.7 million reque...