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Debenhams secures cash injection as it battles for survival

Image copyright Getty Images Debenhams is understood to have secured a cash injection of around £40m to buy it extra time as it battles to secure a longer term deal with lenders. The department store chain is expected to announce the fresh funds imminently. The struggling chain – which issued three profit warnings last year – is in talks with lenders and bondholders over renegotiating its debts. Debenhams is also trying to accelerate plans to close stores, and is expected to close around 20 stores this year. The extra money…

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London state school secures 41 Oxbridge offers

Image caption Forty one students at the London state school have received offers from Oxbridge “Both of my mums were so excited,” says Dorcas Shodeinde. “First I rang my foster mum and then I rang my actual mum,” she explains. Dorcas has been in care since she was 14 and has just received an offer to study Law at Oxford University. She is one of 41 students at Brampton Manor, a state school in east London, to have secured an offer to study at either Oxford or Cambridge this year.…

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Technology 

Indonesia’s Tokopedia secures $1.1 billion from Alibaba, SoftBank

BEIJING (Reuters) – Indonesian e-commerce company Tokopedia said on Wednesday that it had secured $1.1 billion in its latest funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) and Japan’s SoftBank Group Corp (9984.T). This follows a similar investment in 2017, also led by Alibaba, which has been expanding rapidly into Southeast Asia amid slowing growth in China’s e-commerce market. Tokopedia said it planned to use the funds to invest in technology and infrastructure, adding the firm would continue to focus on the Indonesian market and drive…

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Aberdeen 3-2 Livingston: Lewis Ferguson overhead kick secures late Dons victory

Lewis Ferguson scored a late winner to secure victory Lewis Ferguson’s stoppage-time overhead kick gave Aberdeen a dramatic win over Livingston to lift them into the top six of the Scottish Premiership. The home side missed a host of second-half opportunities before Ferguson struck at the death. Niall McGinn volleyed in to put Aberdeen in front early on. Calamitous defending helped Livingston go 2-1 in-front through Scott Pittman and Jack McMillan before Sam Cosgrove’s leveller set up a grandstand finish. But the night would belong to Ferguson courtesy of his…

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Man Utd 2-2 Arsenal: Jesse Lingard equaliser secures point for Red Devils

Jesse Lingard’s goal was his first for his club this season Manchester United showed “big heart and soul” to twice come from behind to earn a draw against Arsenal, said manager Jose Mourinho. Mourinho dropped high-profile duo Paul Pogba and Romelu Lukaku after recent disappointing performances which have brought only three points from the past 12 available – and, while quality was lacking, no-one could doubt his side’s endeavour and character. Goalkeeper David de Gea made an uncharacteristic error as he failed to deal with Shkodran Mustafi’s tame 26th-minute header,…

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PDC World Championship: Lisa Ashton secures tournament place

Ashton will be hoping to become the first woman to win a match at the PDC World Championship BDO women’s world champion Lisa Ashton has qualified for next month’s PDC World Championship at Alexandra Palace. Ashton beat world number 10 Maria O’Brien 6-3 in Sunday’s UK and Ireland women’s qualifier at Milton Keynes. The expansion of this year’s worlds has led to two guaranteed places for female players. Ashton, the world number one and a four-time world champion, will be joined at the tournament by Russia’s Anastasia Dobromyslova. Dobromyslova, who…

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Technology 

Google invests $700 million in Danish data center, secures green energy

COPENHAGEN (Reuters) – Google will invest almost $700 million in a Danish data center powered by the abundant green energy that underpins power- FILE PHOTO: The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, China August 8, 2018. REUTERS/Thomas Peter intensive companies’ interest in the Nordic region. Google also said it would sign a power purchase agreement (PPA) for the new Danish data center to ensure it is powered by renewable energy. The Nordic countries, which can generate electricity relatively cheaply from renewable sources such…

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Paul Gambaccini secures CPS payout over unfounded abuse claims

Image copyright Getty Images Image caption Paul Gambaccini has previously said he was the victim of a “witch hunt” Radio DJ Paul Gambaccini has won damages from prosecutors over unfounded allegations of historical sex offences. The presenter, 69, was arrested in 2013 over a claim he sexually assaulted two teenage boys in the early 1980s. Mr Gambaccini always denied the claims, calling the case “completely fictitious”. He spent a year on bail before the case was dropped. The amount paid to Mr Gambaccini by the Crown Prosecution Service has not…

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Tesla secures Shanghai site for $2 billion China Gigafactory

BEIJING (Reuters) – Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson The land agreement marks a key step toward the firm and its Chief Executive Elon Musk making cars locally in China for the fast-growing market, even as tariffs imposed by Beijing on U.S.-made goods…

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Hoffenheim 1-2 Man City: David Silva’s late goal secures Champions League win

Five of David Silva’s six Champions League goals for Manchester City have been against German sides David Silva’s dramatic 87th-minute strike got Manchester City off the mark in this season’s Champions League with a 2-1 victory away to Hoffenheim. Silva capitalised on a defensive error by Hoffenheim’s Stefan Posch before finishing into the far corner. City had fallen behind after only 44 seconds when Ishak Belfodil finished through the legs of goalkeeper Ederson. They equalised six minutes later when Sergio Aguero poked home from Leroy Sane’s cut-back but had been…

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