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German court rejects KNDS injunction to keep Triton from selling Renk shares

German court rejects KNDS injunction to keep Triton from selling Renk shares

Reuters13-05-2025
FRANKFURT, May 13 (Reuters) - A court in Frankfurt on Tuesday said it had rejected a request by Franco-German defence contractor KNDS for an injunction to block private equity group Triton Partners from selling shares in German tank gearbox maker Renk (R3NK.DE), opens new tab.
Sources familiar with the transaction told Reuters earlier on Tuesday that KNDS had taken legal action in a dispute over a contract with Triton to transfer Renk shares, as KNDS seeks to increase its stake in Renk.
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How Sir Jim Ratcliffe believes £50million Carrington refurbishment and nods to Man United's glorious past can help deliver a 'winning culture' in Ruben Amorim's side
How Sir Jim Ratcliffe believes £50million Carrington refurbishment and nods to Man United's glorious past can help deliver a 'winning culture' in Ruben Amorim's side

Daily Mail​

timean hour ago

  • Daily Mail​

How Sir Jim Ratcliffe believes £50million Carrington refurbishment and nods to Man United's glorious past can help deliver a 'winning culture' in Ruben Amorim's side

Every few years, Manchester United like to take assorted media and other guests behind the scenes at their Carrington training ground HQ. They always do so with a sense of pride. Chief executive Ed Woodward once enthusiastically pointed to a bank of screens in the recruitment department, explaining the global data had provided 804 options for a new right-back and had concluded a £50million outlay on Aaron-Wan Bissaka as being the best deal. After Woodward left, director of football John Murtough was tour host in 2023. He let slip the club would no longer be Patsy's in the transfer market and enter protracted negotiations with Tottenham chairman Daniel Levy for Harry Kane. Instead, they signed Rasmus Hojlund for £72million. Given that recent history, it was a somewhat cynical bunch of hacks who gathered at Carrington on Friday as United rolled out the red carpet to show off a £50million refurbishment that co-owner Sir Jim Ratcliffe believes will trigger a 'winning culture' at English football's biggest club. We probably won't have the definitive answer for a good while yet. Leicester City think they have the best training ground in Europe but it's not done them much good with two relegations in the last three seasons. To be fair though, United have presented their case admirably that a happy workplace will transfer to results on the pitch. Make no mistake, there are plenty of bells and whistles at the new Carrington. Underwater treadmills, F1 simulator games, sleep pods, live performance tracking in the gym, smart urinals, a barber's and menu options to make a five-star restaurant jealous. A padel court is coming soon at the request of the players. Space has been created so that personnel who previously worked at Old Trafford can now be based at Carrington. Movers include big-hitters like CEO Omar Berrada and figures in the commercial department. The intention is to make the club feel as United as its name would suggest. What made this tour feel different to others, and should give confidence to fans that a genuine rebuild is possible, is that the hierarchy have been happy to cede control to experts and allowed themselves to be advised rather than pretending to already know it all. Cutting the ribbon, Sir Jim even made a joke about having to listen to so many suggestions from manager Ruben Amorim about what the new place should look like. Amorim laughed along, slightly nervously, but he'll be pleased his input was taken into account. Arguably the most important voice during the tour was that of Patrick Campbell, a senior architect working for the renowned Sir Norman Foster. Architects love light and Campbell repeatedly stressed the need to make Carrington – variously compared to a gloomy dungeon or hospital – a brighter, more joyful place in which to work every day. The canteen area with giant windows overlooking the training pitches and a barber shop in the corner where players can invite their personal hair stylists is a space players will want to stay together after training. That extra time chatting in comfort or playing F1 chair can be important for building team spirit. Remember, Luke Shaw complained on the US tour that the culture in past seasons has been 'toxic'. Berrada will have seen a holistic approach work at Manchester City. To that end, United's new treatment room has changed location so injured players are not tucked away and ignored. They now have a space large enough to work on their rehab together. 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The spiral staircase linking the ground floor to the first floor is flanked by some of United's trophies and a bust of Sir Matt Busby, the manager who made it all possible. Nobody, regardless of age, will be able to walk up or down through the day without glancing at them. The £50million question of course is whether it will ultimately make any difference to United's ambitions to first return to the Champions League, and then win their first Premier League title since Fergie left in 2013. Of all the players on United's books, 39-year-old third-choice goalkeeper Tom Heaton is probably best qualified to say. He started at the club aged 11 and was turning pro when United first moved to Carrington in 2000. He was part of the squad that won the Champions League under Ferguson in 2008 before furthering his career as first-choice with Burnley and Aston Villa, returning to Old Trafford in 2001. 'It felt like a pivotal moment when we moved to Carrington. They were incredible facilities for that time, but the game evolves,' says Heaton. 'By the end, it wasn't quite up to what we wanted. 'We went away from the main building last season so they could rebuild and walking back through the door, we have all been blown away. We've been given an opportunity in terms of having world-class facilities. 'It is true people make a building and players on the pitch bring results. But the building can provide the help and stability into providing those performances and I think everyone is excited.' United are nothing if not ambitious. Sir Jim likened the club brand to Coca-Cola and Apple as he presented the new facility. The new media centre has been designed to meet UEFA specifications to hold Champions League press conferences, even though the team finished 15th last season. It was only at the start of last year that Sir Jim Ratcliffe bought a 27.7% share in United. Whilst the billionaire has grand schemes ahead, like making Old Trafford the Wembley of the North, this is his first completed project. He was treated respectfully by captain Bruno Fernandes and the players who attended on Friday – Rasmus Hojlund greeted him with a strong handshake and a 'Hello Mr Chairman'. They know, in the words of Diogo Dalot, that they have 'no excuses' now they've been provided with a perfect working environment. 'Everywhere I go, however remote from the Gobi desert to northern Greenland, I bump into Manchester United fans,' said Sir Jim.

M&S continues recovery from cyberattack as popular service restored
M&S continues recovery from cyberattack as popular service restored

The Independent

time2 hours ago

  • The Independent

M&S continues recovery from cyberattack as popular service restored

Marks & Spencer has fully restored its Click & Collect service, nearly four months after a major cyberattack disrupted its online operations. The cyberattack, which began in late April, initially suspended all online ordering, contactless payments, and C lick & Collect systems; online orders for home delivery resumed after six weeks, but Click & Collect was the last service to be reinstated. M&S estimates the incident will cost approximately £300 million in lost profits, though it expects to recover up to half through various measures, and personal customer data was also stolen. Hacking groups named DragonForce and Scattered Spider have been linked to the cyberattack. Archie Norman, M&S's chair, described the cyberattack as "traumatic" and an "out-of-body experience," highlighting the significant effort required by staff to manage the disruption.

Car Deal of the Day: this BMW 530e is easy on fuel and your bank account at just over £400 per month
Car Deal of the Day: this BMW 530e is easy on fuel and your bank account at just over £400 per month

Auto Express

time2 hours ago

  • Auto Express

Car Deal of the Day: this BMW 530e is easy on fuel and your bank account at just over £400 per month

Peerless refinement, comfort and handling Premium cabin filled with tech £406 per month on a three-year lease The BMW 530e won our Premium Hybrid of the Year award two years on the trot thanks to its huge EV range, superb refinement, sharp handling, generous space and a fantastic cabin filled with upmarket materials and intuitive tech. The exceptional plug-in hybrid saloon costs £60k to buy, but right now you can lease it for only £406 per month. That price isn't just for business customers either! It's available to all through the Auto Express Find A Car service, and the 530e is in stock now. The three-year lease deal from VIP Gateway requires an initial outlay of £4,881, followed by monthly payments of £406 per month, but does only include the standard allowance of 5,000 miles per year. Advertisement - Article continues below Thankfully for anyone who spends a lot of time on the road, the 530e is available from just over £450 a month with an annual limit of 10,000 miles. Even pushing the allowance up to 12,000 miles per year only increases the monthly payments a further £17. The 530e is powered by a punchy 2.0-litre four-cylinder petrol engine working in conjunction with a single e-motor and a large 19.4kWh battery that offers up to 64 miles of silent pure-electric driving. BMW says the set-up can return up to 470.8mpg, although you will have to charge it as frequently as possible to achieve that – just as you would any plug-in hybrid. In M Sport trim, the 530e is equipped with 19-inch alloy wheels, adaptive LED headlights, a 12.3-inch digital driver's display supplemented by an expansive 14.9-inch touchscreen, Apple CarPlay, Android Auto, Veganza leather alternative and Alcantara upholstery, a wireless charging pad, a Harman Kardon stereo, heated front seats and much more besides. The Car Deal of the Day selections we make are taken from our own Auto Express Find A Car deals service, which includes the best current offers from car retailers and leasing companies around the UK. Terms and conditions apply, while prices and offers are subject to change and limited availability. If this deal expires, you can find more top BMW 5 Series leasing offers from leading providers on our BMW 5 Series deals hub page… Check out the BMW 5 Series Deal of the Day or take a look at our previous Car Deal of the Day selection here… Find a car with the experts New Range Rover Sport SV Carbon flagship revealed with eye-watering price tag New Range Rover Sport SV Carbon flagship revealed with eye-watering price tag New top-rung of the Range Rover SV ladder adds lots of carbon-fibre components and a hefty premium Fiat and Abarth electric cars plummet in price as brand reintroduces 'E-Grant' Fiat and Abarth electric cars plummet in price as brand reintroduces 'E-Grant' Fiat offers sizable discounts as it awaits confirmation that its EVs are eligible for the new Government grant BYD gives up on EV grant, and offers five years of maintenance instead BYD gives up on EV grant, and offers five years of maintenance instead With a Government grant looking unlikely, BYD has announced a new warranty and maintenance scheme to tempt buyers

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