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Tag: seeks

Evans Cycles seeks new owner amid cash crunch

Evans Cycles seeks new owner amid cash crunch

Business
Evans Cycles has put itself up for sale as it seeks fresh funding amid tough High Street trading conditions. The BBC understands PwC is in talks with a number of potential buyers for the bike store chain, which has more than 60 outlets in the UK.The consultancy has asked for final bids by the end of next week, but Evans is not thought to be seeking a rescue deal. PwC declined to comment and Evans did not respond to requests for comment. Concerns over the retailer's financial position first emerged in September, when Sky News reported the chain was seeking an emergency cash injection from its lenders. Last Maplin stores close their doors Toys R Us shops to close down Like other retailers, Evans has struggled with the recent slow...
Royal Botanic Garden seeks respect for world's fungus

Royal Botanic Garden seeks respect for world's fungus

Technology
The scientists at the renowned Royal Botanic Gardens at Kew are trying to correct an injustice: They don't believe fungus gets the respect it deserves. That's one reason behind the release Wednesday of their "State of the World's Fungi" report, touted as the first ever global look at the way fungi help provide food, medicine, plant nutrition, lifesaving drugs — and can also spread death and destruction at an alarming pace. The focus on fungi is designed to call attention to potentially vital new uses now being studied — including possible deployment of a fungus that "eats" plastic and degrades it quickly, and one that may clean up radioactive waste — and to warn that climate change is threatening fungi habitat in various parts of the Earth. Director of Science Katherine...
Harvey Weinstein seeks to dismiss case based on accuser's emails

Harvey Weinstein seeks to dismiss case based on accuser's emails

World
Hollywood producer Harvey Weinstein is seeking to get the criminal case against him thrown out of court. On Friday, his lawyers filed a defence motion citing dozens of "warm" emails they say Mr Weinstein received from one of his accusers after an alleged rape.His team argue prosecutors should have shared the evidence with the Grand Jury that indicted him. Mr Weinstein has pleaded not guilty to six charges involving three different women. The accuser in question has retained her anonymity. Mr Weinstein's lawyers say the case should be dismissed in its pre-trial stage, saying there had been a series of failings. Other objections included a lack of details on the timeline of an alleged assault in 2004, and the lack of advance warning from the District Attor...
New sectors taking charge as market seeks to rebound

New sectors taking charge as market seeks to rebound

Finance
NEW DELHI: Even though the benchmark indices have largely recovered from their Januray lows, most sectors that led the charts between February 2016 and January 2018 – the phase during which Sensex rallied 58 per cent to 36,450 from 23,000 –are not finding favour with investors. They are now ruling at the bottom of the performance charts, making way for a comeback by those sectors which missed the earlier rally, data showed. The BSE Realty index has fallen 22 per cent since January, emerging best performer among all sectors between February 2016 and January 2018 with a 154 per cent surge. PSU stocks, too, have gone off investor radar. The BSE PSU index has slipped 21 per cent in the recent fall, compared with a 65 per cent rise over the preceding 29 months. The BSE Metal index, the third b