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...F1’s operating profit increased by 64 per cent to $392mn in 2023 from a year earlier, as revenues surged to $3.2bn from $2.5bn. Dorna’s revenues totalled €483mn in 2023....
...The head of F1’s governing body told the FT last week it was “damaging the sport”....
...s=48&t=P_cjvYplUcVBjt3byvks7A Human beings are marvelous creatures, with the ability to send ourselves to space, erect skyscrapers, develop nuanced works of art — but we are, ultimately, simple beings who...
...Rosin, in the meantime, has helped the Estonian sports club fix the software issue on its website that so confused him. It chose not to use AI....
...Since closing the IHS deal, S&P’s share price is up about 13 per cent, slightly lagging its benchmark S&P 500 index....
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...The reinsurer was at the heart of 777’s “insurance funding model”, according to 2021 pitch documents that said 777 Re sat between third party insurers and 777 portfolio companies....
...The rest of the eurozone “saw the best performance . . . despite growth slowing slightly”, S&P said....
...S&P Global’s flash eurozone composite purchasing managers’ index, which measures business activity across the bloc, rose to an eight-month high of 48.9 this month, up from 47.9 in January....
...“One of the sub-themes you’ll find in our buy this season is this ‘modern prep meets sports team’ aesthetic, by way of varsity stripes and polished polos with a subtle contemporary twist, from designers...
...The signs are that Vegas is increasing F1’s reach in the US, where the addition of a race in Miami has helped Liberty Media to grow the sport’s appeal....
...For a stock that is expected to increase earnings below the S&P 500’s average pace this year and next, that’s still a lot....
...One good read Sport gambling is proliferating in the US. So expect to see more of this....
...When experiments in hosting races in Detroit and Phoenix during the 1980s failed, with tens — possibly hundreds — of millions of pounds wasted on chasing the American sports fan, F1’s then supremo Bernie...
...Still, Domenicali remains bullish on F1’s growth prospects. “I think that there is a lot more to come,” he says. “Particularly in the US, where the sport business is huge....
...That compares with the MSCI China index’s 13 per cent decline and the S&P 500’s 24 per cent gain. The markets have reacted reflexively to one-off news, such as Apple’s China sales decline....
...In the S&P 500, 64 per cent of stocks have crossed above their 200-day moving average, which is above the historical mean: Every S&P sector has positive returns over the period....
...At the top of the pile is the S&P 500, which is an absolute beast....
...S&P 500 hit an all-time high on Friday but, as my colleagues Nicholas Megaw and Kate Duguid have pointed out, stocks limped to the summit....
...The spearhead of F1’s expansion has been in the US, where it has historically struggled for exposure due to the dominance of domestic sport leagues....
...But, as S&P puts it when explaining why U.S....
...The production watches differed from the original design in featuring the applied S in silver rather than in red....
...F1’s operating profit rose by 64 per cent to $392mn in 2023 from a year earlier, as revenues jumped to $3.2bn from $2.5bn....
...This matched a wider trend in which S&P 500 spending on buybacks fell 14 per cent on the previous year....
...A-Cap entities directly funded some of 777’s sports investments, including providing what appears to be $60mn in short-term working capital finance to Nutmeg Acquisition, an entity involved in 777’s football...
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