McLaren team principal Martin Whitmarsh believes Bernie Ecclestone’s plans to float Formula One on the stock exchange would bring no benefit to the sport.

Manchester United today posted record operating profits of £110.9m for the past financial year.

A solution could have been found to resolving Manchester United’s debts, with part of the club being sold off in Singapore in a deal which would also see them further develop their business in Asia, it is understood.

TREASURY China Trust (TCT) — the Chinese arm of Irish property development company, Treasury Holdings — has successfully raised more than €15 million in a private share placement that will go towards two acquisitions the company has identified.

THE Chinese arm of Irish property development company Treasury Holdings has reported a net after-tax profit of nearly €10.4 million for the third quarter of the year, the company’s first set of financial figures since changing its name, management structure and stock market listing.