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Tag: Terminal

Sports Direct faces £605m tax bill and ‘terminal’ problems at House of Fraser

Sports Direct faces £605m tax bill and ‘terminal’ problems at House of Fraser

Business
By John-Paul Ford Rojas, business reporter Sports Direct says it is facing a €674m (£605m) tax demand from Belgian authorities - as boss Mike Ashley warned that problems at House of Fraser were "terminal".Mr Ashley also warned of more store closures at House of Fraser and expressed apparent regret for buying it, as Sports Direct published a much-delayed set of full-year financial results. The tycoon used the results statement to deliver a stark assessment of the problems his business is facing as well as venting at length about those he blames for them.He warned that the acquisition of House of Fraser had "led to significant uncertainty as to the future profitability of the group as a whole".Meanwhile, the group said its chief financial officer Jon Kem
Grand Central Terminal hosts squash 'Tournament of Champions'

Grand Central Terminal hosts squash 'Tournament of Champions'

Sports
Jan. 18 (UPI) -- Squash players from around the world competed on the first day of the J.P. Morgan Tournament of Champions in New York on Thursday.The annual 8-day tournament kicked off at a 10,000 pound glass squash court inVanderbilt Hall at Manhattan's Grand Central Terminal.The Tournament of Champions began as the "U.S. Professional" in 1930 and has been played in 17 different cities.World No.1 Gregory Gaultier of France earned a victory over U.S. No.1 Todd Harrity on the first day of the tournament as he became the first male player in the modern era to reach 700 PSA matches.World Championship runner-up Marwan ElShorbagy of Egypt, the fifth ranked player in the world, easily defeated Mexican Cesar Salazar."Cesar has been playing really well lately, he had some good results at the U.S....