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Live Reporting

All times stated are UK

  1. Chinese Grand Prix postponed due to coronavirus

    The Chinese Grand Prix has been postponed as a result of the coronavirus outbreak.

    The FIA, Formula 1's governing body, has accepted a request from Chinese organisers to postpone the Shanghai race, due to take place on 19 April.

    In a statement, it added all parties would take the "appropriate amount of time" to discuss potential new dates.

    The decision has been made to "ensure the health and safety" of drivers, staff and fans.

    "The FIA F1 community looks forward to racing in China as soon as possible and wishes everyone in the country the best during this difficult time." the FIA said in a statement.

  2. William Hill signs US sport betting deal with CBS

    Bookmaker William Hill has signed a major sports betting deal in the US with media group CBS Sports.

    It makes the FTSE 250 firm the "Official Sports Book and Wagering Data Provider" across all CBS Sports platforms.

    That includes the opportunity to advertise to the 42 million people who visit the CBS sport website each month.

    Bookmakers in the UK have been under increasing pressure in recent months, with a crackdown of fixed odds betting machines, and an upcoming ban on credit card betting.

    Hence the desire by British operators to gain a foothold in the US market.

    CBS Sports Digital offerings include SportsLine, a dedicated subscription platform for game picks and predictions that has seen strong subscriber growth in recent years; CBSSports.com; 24/7 streaming network CBS Sports HQ, which features the nightly SportsLine show focused on sports betting and delivered triple-digit viewership growth in 2019; CBS Sports Fantasy; CBS Sports apps; and 247Sports.

  3. Fans to be offered shares in £2.2m stadium

    Swindon Town FC fans are being given the chance to own part of the club's County Ground.

    The League Two club agreed tobuy the freehold for the groundfrom Swindon Borough Council in March for £2.2m.

    Shares will be offered to fans with a minimum price of £19.69 in honour of the club's first and only League Cup Final win in 1969, against Arsenal.

    Swindon chairman Lee Power said owning the stadium would allow them to redevelop the County Ground.

    The ground has been Swindon Town's rented home since 1896.

    The club said the freehold was "subject to the purchase costs being met by both the club and supporters" and it needed at least 2,300 supporters to "commit to purchase a community share".

  4. Amazon breaks into Champions League

    Image caption: Chelsea score against Ajax in the Champions League

    Internet giant Amazon has signed an exclusive deal in Germany securing the rights to 16 Champions League matches a season.

    This will give the firm its pick of the Tuesday night matches in the group and knockout stages for three seasons in 2021 to 2022.

    Rights to Champions League matches in Germany are held by Sky Deutschland. Other than the deal with Amazon, a package of matches is sub-licenced to sports streaming service Dazn.

    Amazon has taken this move to challenge the likes of BT and Sky, which hold the exclusive rights to showing Premier League matches in the UK.

    Earlier this year, it streamed 10 Premier League matches on its Prime Video service, which attracted a record number of sign-ups from new subscribers.

  5. Under Armour faces US accounting probe

    Ahead of the US market open, one stock to watch is sportswear maker Under Armour which is under investigation by US authorities over its accounting practices.

    The probe, first reported by the Wall Street Journal, is said to examine whether the firm moved sales from quarter to quarter to boost the appearance of its finances.

    An Under Armour spokesperson said that in July 2017, the company began responding to "requests for documents and information relating primarily to its accounting practices and related disclosures, and the company firmly believes that its accounting practices and disclosures were appropriate".

    The company is due to report third quarter results later.

  6. Plans for 550 Trump golf homes at Menie approved

    The Trump Organisation's plans for hundreds of new homes at its Aberdeenshire golf resort have been approved.

    Theapplication features 550 houses at the Menie Estate, as well as shops and food outlets.

    Branded The Trump Estate, the plans feature a range of properties from cottages to larger homes costing more than £1m.

    Councillors backed the plans by 38 votes to 24.

    Read more here.

  7. AC Milan and Inter move step closer to new stadium

    Italian football giants AC Milan and FC Internazionale have unveiled the shortlisted designs for the clubs’ new stadium and plans for the redevelopment of the San Siro Area.

    The pair have shared the stadium for more than 70 years.

    The clubs have shortlisted two architecture firms, Manica and Populous, which have presented their projects for the new Milano Stadium alongside plans for an urban redevelopment project for the surrounding San Siro area.

    The municipality-owned San Siro is well past its heyday, and the two Milan clubs need a new stadium that will incorporate not only an updated fan viewing experience, but also the ability to earn sponsor and corporate related revenues.

    That will enable to the pair to compete on a more even financial playing field with Juventus, the clear leaders in Serie A in garnering commercial revenues.