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....The 61-year-old former Indian MP entered the UK on a valid passport in March 2016. Mr Mallya made his fortune selling beer under the Kingfisher brand before branching out into aviation and Formula 1 racing. ... [Read full article on BBC ]
Tuesday 18th of April 2017 11:33:56 AM
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Latest Finance News related to Formula 1

Indian tycoon Vijay Mallya bailed in UK image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:33:56 AM
....The 61-year-old former Indian MP entered the UK on a valid passport in March 2016. Mr Mallya made his fortune selling beer under the Kingfisher brand before branching out into aviation and Formula 1 racing. ...
McLaren to 3D-print parts at Bahrain F1 Grand Prix trackside image
Source : BBC [Read Article] Friday 7th of April 2017 07:13:21 AM
. McLaren plans to start 3D-printing parts for its Formula 1 cars trackside at Grand Prix competitions shortly. ...
Malaysian Grand Prix: Sepang to drop off F1 calendar after 19 years of racing image
. The Malaysian Grand Prix will be the country's last after 19 years on the Formula 1 calendar. ...
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New broom image
Source : BBC [Read Article] Friday 24th of March 2017 12:07:35 AM
. Much has changed in Formula 1 since Lewis Hamilton took the chequered flag at last year's season finale in Abu Dhabi. ...
Formula One pulled a fast one on the US taxman – and it's all perfectly legal image
....”. F1 company documents paint a far bleaker picture and state that “the new rules could reduce significantly the amount of Formula 1’s interest expense that qualifies as tax deductible. ...
Not black and white image
Source : BBC [Read Article] Friday 9th of December 2016 09:30:13 PM
....Of course, the reason why people might be watching in pubs is because they do not have satellite television at home to watch pay-TV sport. Mr Jellis says that while the removal of many sports in the UK from free-to-air over the years - including British Open golf, Test cricket, and Formula 1 racing - has played a part in affecting audiences, it is "a bit of a red herring - to blame it is an easy answer". ...
Rosberg revs up image
Source : BBC [Read Article] Sunday 27th of November 2016 02:49:56 PM
. German driver Nico Rosberg has climbed the podium to receive a first Formula 1 world championship, and his earnings are about to get a leg-up too. ...
Malaysian Grand Prix: Sepang to no longer host Formula 1 from 2018 image
Source : BBC [Read Article] Tuesday 22nd of November 2016 06:41:24 AM
. Malaysia will stop hosting a Formula 1 grand prix after their current agreement expires in 2018. ...
Ron Dennis: McLaren boss ends his 35-year tenure image
Source : BBC [Read Article] Tuesday 15th of November 2016 05:29:03 PM
....Dennis said the other main shareholders "forced through" the decision "despite the strong warnings from the rest of the management team about the potential consequences of their actions on the business". He added: "My management style is the same as it has always been and is one that has enabled McLaren to become an automotive and technology group that has won 20 Formula 1 World Championships and grown into an £850m-a-year business. ...
Recruitment agency criticised for job ads specifying bra size image
Source : BBC [Read Article] Thursday 6th of October 2016 02:31:24 PM
....". Matching Models clients include MTV, Louis Vuitton, Coca-Cola, the Renualt Formula 1 team and Harrods. ...
Formula E: Mercedes takes option to join electric motor series image
Source : BBC [Read Article] Tuesday 4th of October 2016 11:39:35 AM
. Formula 1 champions Mercedes could enter Formula E after taking an option to join the electric motor racing series in 2018-19. ...
Supercar maker McLaren denies Apple investment report image
Source : BBC [Read Article] Wednesday 21st of September 2016 08:56:39 PM
. Formula 1 team owner McLaren has dampened down a report that Apple has made a buyout or investment approach for the supercar maker. ...
Singapore F1 Grand Prix roars on despite Zika fears image
Source : BBC [Read Article] Friday 16th of September 2016 08:53:07 AM
. Singapore is hosting the Formula 1 Grand Prix for the ninth year amid concerns a Zika outbreak and recently foiled terror plot will drive away tourists. ...
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Drone racing takes to the Sky with $1m investment image
Source : BBC [Read Article] Wednesday 14th of September 2016 09:14:57 AM
....The Disney-owned network showed a three-day International Drone Racing Association event in New York last month. ESPN claimed drone racing was set to become as popular as Nascar and Formula 1 car racing. ...
Liberty Media takeover will give teams chance to buy shares in sport image
Source : BBC [Read Article] Thursday 8th of September 2016 02:44:59 PM
. Formula 1 teams are to be given the chance to buy shares in the sport for the first time following a takeover by US giant Liberty Media. ...
Racing change image
Source : BBC [Read Article] Thursday 8th of September 2016 01:33:34 PM
US media firm Liberty Media to buy Formula 1 image
Source : BBC [Read Article] Wednesday 7th of September 2016 10:24:23 PM
Bernie Ecclestone: Formula 1 boss 'to stay for three more years' after takeover image
. Formula 1 boss Bernie Ecclestone says he has been asked to stay on for three years once a takeover of the sport is completed by Liberty Media. ...
Formula 1 sale set to cross the finish line image
Source : BBC [Read Article] Monday 5th of September 2016 01:40:46 AM
. US-based Liberty Media is in advanced talks to take control of Formula 1. ...

Bernie Ecclestone's mother-in-law 'kidnapped' in Brazil
 image
Source : Telegraph [Read Article] Tuesday 26th of July 2016 08:30:33 AM
. The mother-in-law of Formula 1 tycoon Bernie Ecclestone has reportedly been taken hostage for a £28 million ransom in what is believed to be Brazil’s biggest kidnapping. ...
'Flying' boat image
Source : BBC [Read Article] Tuesday 19th of July 2016 12:31:28 AM
....They are designed to be as lightweight and aerodynamic as possible, even down to the suits of the crew, but they also have to withstand forces that are "significantly higher than F1 motorsport", says Martin Whitmarsh, former team principal of the McLaren Mercedes F1 team and now chief executive of Sir Ben's Land Rover BAR team. "The America's Cup is now the Formula 1 of sailing," he tells the BBC back at the team's purpose-built headquarters in Portsmouth harbour. ...
Chris Wright returns as chair of Chrysalis almost three decades after selling it image
....”. After selling the record label to EMI, Wright later set up a radio operation, which included the fast-growing Heart and Galaxy stations, and diversified into television – making Midsomer Murders and covering Formula 1. ...
The London skyscraper that is a stark symbol of the housing crisis image
Source : Guardian [Read Article] Tuesday 24th of May 2016 02:16:30 PM
.... He was not charged with any offence. Other owners named in Land Registry records include a Kurdish oil magnate, an Egyptian snack-food mogul, an Indonesian banker, a Uruguayan football manager and a former Formula 1 racing driver. ...
Senior Barclays executive denies knowledge of Libor rate rigging image
Source : Guardian [Read Article] Wednesday 27th of April 2016 09:07:17 PM
....Davies also alleged that Bagguley had distanced himself from Merchant, described by Davies as a friend with whom Bagguley had regularly socialised in London and New York. They went on trips to Iceland, where they climbed volcanoes in 2002, Spain and Formula 1 motor racing events, Davies said. ...
City News: Brighton pier, Jaguar, Bonmarché image
Source : Daily Express [Read Article] Friday 8th of April 2016 10:08:00 PM
....-------------------------------------------------------------------------------------------------------. JAGUAR Land Rover is in pole position to buy Silverstone, home to the Formula 1 British Grand Prix, after a key vote kept talks on track. ...
ChemChina tables $43bn offer for Syngenta in biggest ever foreign takeover by a Chinese firm image
.... . In March 2015, it stunned Italy with a swoop on Pirelli, best known for producing tyres for Formula 1 cars. ...
EasyJet plans to cut carbon emissions with hydrogen fuel-cell trial image
Source : Guardian [Read Article] Tuesday 2nd of February 2016 12:01:02 AM
....While aviation’s progress in developing sustainable alternatives to jet fuel has been minimal, the industry is hoping to reduce its carbon footprint with more efficient aircraft, improved air traffic control and initiatives such as easyJet’s at airports. EasyJet’s “hybrid plane” would use a hydrogen fuel cell stowed in the aircraft’s hold, which would capture energy generated by brakes on landing and could charge the system’s lightweight batteries on the ground – a similar system to one developed in Formula 1 cars. ...
VIDEO: Mika Hakkinen on 'mind games' image
Source : BBC [Read Article] Thursday 21st of January 2016 11:49:37 AM
. BBC News caught up with Formula 1 legend Mika Hakkinen at the World Economic Forum (WEF) in Davos. ...
What can F1 teach business leaders? image
Source : BBC [Read Article] Thursday 21st of January 2016 12:01:07 AM
. It took Mika Hakkinen seven years on the Formula 1 circuit to win his first Grand Prix. ...
Uber to offer helicopter rides after tie-up with Airbus image
Source : Telegraph [Read Article] Monday 18th of January 2016 09:56:48 AM
.... Uber has generally charged anywhere between a few hundred dollars and thousands for a helicopter ride. During the Coachella festival, for example, it charged $3,000 (£2,100) for the whole helicopter, and at the American Formula 1 Grand Prix charged $400 a person. ...
A rough guide to surviving Davos image
Source : BBC [Read Article] Monday 18th of January 2016 12:05:14 AM
....i. am and Formula 1's Sebastian Vettel will be jostling for pole position against Bill Gates, Bono, Greek prime minister Alexis Tsipras and Canada's Justin Trudeau. ...
McLaren to double production work of its 200mph sports cars image
Source : Telegraph [Read Article] Thursday 7th of January 2016 05:00:17 AM
.... . McLaren's Formula 1 links make it an attractive company to work for  Photo: Pool Reuters. ...
Cambridge and Milton Keynes to lead UK growth in 2016 image
Source : Telegraph [Read Article] Tuesday 5th of January 2016 02:01:05 PM
.... This compares with forecasts of 2. 8pc GVA growth in Milton Keynes, where Formula 1 team Red Bull is based, and 2. ...
UK sporting crowds top 70m in 2015 image
Source : BBC [Read Article] Wednesday 16th of December 2015 12:56:25 AM
.... . In terms of attendees-per-event-day, Formula 1's British Grand Prix was the winner, averaging more than 100,000 per day. ...
Codemasters losses widen in shift to PS4 and Xbox One image
Source : Telegraph [Read Article] Sunday 22nd of November 2015 08:59:29 PM
.... . The developer, which makes the official Formula 1 motor racing games, blamed the upgrade in console technology to PlayStation 4 and Xbox One for the difficulties. ...
Formula 1 goes back to the future in Mexico image
Source : BBC [Read Article] Friday 30th of October 2015 10:02:34 PM
.... . For the first time in 23 years, the country will be home to a Formula 1 race and this time, the drivers won't be the ones who have most at stake. ...
Williams F1 team in technology race image
Source : BBC [Read Article] Friday 23rd of October 2015 09:09:41 PM
.... . And when it is in a cutting edge sport like Formula 1, then teams such as Williams Martini have to make sure every penny they spend is put to best inventive use. ...
Questor share tip: Should I buy shares in Ferrari for $55? image
Source : Telegraph [Read Article] Wednesday 21st of October 2015 05:43:24 PM
.... The reasons for the union were obvious. The mainstream carmaker benefited from the technology and association of owning the most successful Formula 1 team in the history of racing, Ferrari in turn benefited from the deep pockets of the parent group. ...
Russia hopes for Grand Prix boost image
Source : BBC [Read Article] Friday 9th of October 2015 09:30:08 PM
. Russia will be at the centre of the Formula 1 stage this weekend, as the second Sochi Grand Prix is held on the streets around the complex where the 2014 Winter Olympics was held. ...
Tracking the two-wheeled speed demon image
Source : BBC [Read Article] Thursday 8th of October 2015 11:26:24 PM
...."So now I can clean myself up and make myself relaxed," he says. Formula 1 motor racing has had this kind of analysis for years, as has superbike Moto GP racing, with sensors beaming data wirelessly from the cars and bikes in real time during races. ...
Sacha Baron Cohen's new production company gets Channel 4 backing image
Source : Telegraph [Read Article] Thursday 8th of October 2015 04:00:30 AM
.... The deal brings the number of indie production companies owned by the broadcaster to nine. Four have been acquired this year, including Whisper Films, the sports production company owned by presenter Jake Humphrey and former Formula 1 driver David Coulthard. ...
Channel 4 takes stake in Sacha Baron Cohen's TV production company image
Source : Guardian [Read Article] Wednesday 7th of October 2015 11:01:16 PM
....Channel 4 says that it still has more than half of the fund left to invest, which would indicate that on average the broadcaster invests about £1m in each business in which it takes a stake. In August, Channel 4 invested in the sports production company part-owned by BT presenter Jake Humphrey and former Formula 1 driver David Coulthard. ...
Renault sign letter of intent to buy controlling stake in Lotus F1 image
Source : BBC [Read Article] Monday 28th of September 2015 08:59:29 AM
. Renault have signed a letter of intent to buy a controlling stake in Lotus to create a new Formula 1 team for 2016. ...
Volkswagen scandal: the cost of a car crash like no other image
Source : Telegraph [Read Article] Saturday 26th of September 2015 06:58:37 PM
.... On September 18, the EPA put out its formal notice of violation of the Clean Air Act. However, the announcement went mostly unnoticed, with most of that day’s news coverage around Volkswagen instead centred on a possible bid to take over the Red Bull Formula 1 team. ...
Bloodhound: the 1,000mph car built in Britain image
Source : Telegraph [Read Article] Thursday 24th of September 2015 08:30:14 AM
.... He has good reason to be considerate of the sound. The car, which will produce 135,000 horsepower, the equivalent of 180 Formula 1 cars, will be up to 15 times louder than a 747 jumbo jet taking off. ...
Martin Winterkorn's slow-motion car crash at VW image
Source : Telegraph [Read Article] Wednesday 23rd of September 2015 06:55:52 PM
.... This was a scandal that almost stalled before it had started. When a dry-worded statement was issued almost six days ago about violations of the Clean Air Act, most of that day’s buzz around Volkswagen had instead centred on a possible bid to take over the Red Bull Formula 1 team. ...
Lotus given seven days in HMRC case image
Source : BBC [Read Article] Friday 18th of September 2015 02:07:06 PM
....Lotus has been given seven days breathing space in insolvency proceedings brought by Revenue and Customs (HMRC). The Formula 1 team, based in Enstone, Oxfordshire, is facing administration over a £900,000 unpaid tax bill. ...
Scotch whisky: How to regain momentum? image
Source : BBC [Read Article] Thursday 17th of September 2015 07:38:39 AM
.... . The distilling giant launched the "Keep Walking" slogan with Johnnie Walker's striding man motif in 1999, and bought heavily into a presence in Formula 1. ...
F1 team owner Williams hunts revenue beyond motorsport image
Source : Telegraph [Read Article] Friday 4th of September 2015 11:55:06 AM
.... Valtteri Bottas practises ahead of the Monza GP. In 2013, the company began a turnaround strategy to improve the Formula 1 team, build up its activities outside motorsport, and sell off non-core assets. ...
Accelerating revenues boost Williams image
Source : BBC [Read Article] Friday 4th of September 2015 09:52:44 AM
. The Williams Formula 1 Grand Prix team has cut half-year losses following a sharp rise in revenues. ...
Channel 4 backs sport producer owned by Jake Humphrey and David Coulthard image
Source : Telegraph [Read Article] Wednesday 12th of August 2015 04:01:37 PM
. Channel 4 has taken a stake in a sports production company part-owned by the presenter Jake Humphrey and former Formula 1 driver David Coulthard in a bid to encourage competition in the market. ...
Top Gear: Ex-hosts sign Amazon deal image
Source : BBC [Read Article] Thursday 30th of July 2015 11:05:08 AM
.... "Lisa is as good as it gets when it comes to making big, important television shows," Evans said. The presenter also fuelled rumours that Formula 1 driver Jenson Button was "in talks" to co-present the show when he read out a Daily Mail article on his BBC Radio 2 radio show. ...
British company behind 'world-first' bionic hand developing further 'medical miracles' image
.... . The brains behind this medical miracle, which relies on Formula 1 technology, is a company based in Leeds called Steeper. ...
We can make a greener, more liveable London and expand Heathrow image
Source : Guardian [Read Article] Thursday 9th of July 2015 07:00:08 AM
.... That means extending the number of electric car charging points across the city and setting out a plan tomake London’s buses green. With Formula E – the electric car equivalent of Formula 1 – successfully taking place in London recently, there is a new opportunity to champion a switch to electric cars, reducing pollution dramatically and thereby helping to promote better public health in London. ...
Miami Dolphins owner 'in $8bn F1 bid' image
Source : BBC [Read Article] Tuesday 23rd of June 2015 08:32:32 PM
. The Miami Dolphins American football team owner Stephen Ross is reportedly working with investors from Qatar to buy a stake in Formula 1 racing. ...
Qatar to unveil £50m British horseracing deal image
Source : Telegraph [Read Article] Sunday 24th of May 2015 06:39:14 PM
.... . Other ambitious horseracing plans are on the Qatari agenda, notably the introduction of the horseracing equivalent of Formula 1. ...
Ecclestone challenges £1bn tax move image
Source : BBC [Read Article] Thursday 21st of May 2015 05:32:35 PM
. Formula 1 tycoon Bernie Ecclestone has gone to court to challenge the basis of assessments that have left him facing a UK tax claim of more than £1bn. ...
Greener, quieter and more efficient - has Rolls-Royce created the train of the future? image
.... . The system also utilises regenerative braking systems first seen in Formula 1 cars. ...
Is a happy marriage the key  to becoming a billionaire? image
Source : Telegraph [Read Article] Tuesday 28th of April 2015 06:00:41 AM
.... . One of the most startling of such High Court rulings was the 2009 settlement following the amicable split between Formula 1 tycoon Bernie Ecclestone and his wife, Slavica. ...
Gunning it: BAE speeds up armoured vehicles with F1 technology image
Source : Telegraph [Read Article] Monday 27th of April 2015 04:00:27 PM
. BAE Systems is upgrading its CV90 tracked combat vehicles with technology developed for Formula 1, allowing them to travel up to 40pc faster on rough terrain . ...
The Chancellor should resist the temptation to fiddle with the tax system image
Source : Independent [Read Article] Monday 16th of March 2015 12:22:25 AM
....”. “I started the business in 2002, having worked for McLaren, the Formula 1 racing team – I wanted to develop electric vehicles based on the technology that I’d worked with there. ...
Stricken F1 team Marussia to pay creditors just 1.3p in pound image
Source : Telegraph [Read Article] Sunday 15th of March 2015 10:25:41 PM
. Marussia, the Formula 1 team, which emerged from administration last month with backing from Ovo Energy boss Stephen Fitzpatrick, has revealed that it will pay creditors only 1. ...
Williams boss warns on F1 financing image
Source : BBC [Read Article] Friday 13th of March 2015 12:18:03 AM
. Formula 1 teams need to think more broadly when it comes to financing, the head of the Williams racing team has warned. ...
Big energy suppliers 'loss-leading', claims Ovo Energy image
Source : Telegraph [Read Article] Sunday 8th of March 2015 08:00:21 PM
.... “I set up the business six years ago with my own money and it’s been successful. Through that, now I have the means to invest in Formula 1. ...
I want to help my 16-year-old buy a house. What's the best way? image
Source : Telegraph [Read Article] Monday 2nd of March 2015 07:08:22 AM
.... Trevor thinks Andrew will be most likely to live in Gloucestershire after university, near the rest of the family. Because he wants to be an engineer – working in Formula 1 would be his dream job – it is unlikely he’d be tied to London where property prices are much higher. ...
HSBC scandal: Nick Clegg accuses Labour of 'letting the banks run riot' image
Source : Independent [Read Article] Monday 9th of February 2015 12:02:03 PM
....The fallout from a report claiming HSBC helped thousands of wealthy clients evade tax from nations around the world has gathered pace. A large cache of files leaked to the Guardian and Le Monde, among others, has shed light on almost 30,000 accounts including stars such as Elle Macpherson, Phil Collins and Formula 1 driver Fernando Alonso. ...
Formula One technology to be used in jet engines image
Source : Telegraph [Read Article] Wednesday 4th of February 2015 06:00:46 AM
. Aerospace engines will incorporate Formula 1 gearbox technology and jets’ landing gear will use electric motors to cut fuel consumption under projects announced by Business Secretary Vince Cable. ...
RBS auto industry financing scheme gets off the starting grid image
Source : Telegraph [Read Article] Tuesday 27th of January 2015 10:13:56 AM
....” . Mr Grainger said the company’s advanced work supplying Formula 1, Nascar and the World Rally Championship was its “calling card” and allows it to win contracts in the wider motor industry. ...
Formula 1 to consider introducing more powerful engines image
Source : BBC [Read Article] Saturday 20th of December 2014 02:13:16 PM
. Formula 1 is considering introducing more powerful, louder but cheaper engines within the next few years. ...
Dashwood: Following in the Farage family footsteps image
Source : Telegraph [Read Article] Sunday 14th of December 2014 07:00:48 AM
.... . His cricket-playing career peaked aged 13, when he beat the Westerleigh prep school bowling record set by Formula 1 legend James Hunt. ...
City Diary: Harriet Green meditates on shock exit from Thomas Cook image
Source : Telegraph [Read Article] Thursday 27th of November 2014 05:00:15 AM
.... The only prize should be for doing it better. ” To which one petrolhead whispered: “Not in Formula 1. ...
City Diary: Tony Hayward recalls his 'wonderful time' running BP image
Source : Telegraph [Read Article] Friday 21st of November 2014 05:00:41 AM
.... -------------------------------------------------- . Formula E, the electric racing car’s answer to Formula 1, is moving into the fast lane. ...
Thought auditing was boring? McLaren is turbocharging it image
Source : Telegraph [Read Article] Thursday 20th of November 2014 11:35:59 AM
. The technology behind Formula 1 racing is helping auditors peer into the future to spot problems thanks to a tie-up between McLaren and KPMG. ...
Ronaldo, Rooney, Bolt & Stanton: Sport's highest earners compared image
Source : BBC [Read Article] Tuesday 18th of November 2014 02:36:30 PM
.... . However, if the Mercedes driver wins his second Formula 1 World Championship on Sunday, he can expect his earnings to increase substantially. ...
Formula 1: Caterham need funds to race in Abu Dhabi image
Source : BBC [Read Article] Sunday 9th of November 2014 02:27:31 PM
.... F1 boss Bernie Ecclestone has described the crowd-funding exercise as "a disaster", saying: "We don't want begging bowls. If people can't afford to be in Formula 1, they have to find something else to do. ...
Force India auditors question team's finances image
Source : Telegraph [Read Article] Sunday 9th of November 2014 02:13:04 PM
. Troubled Formula 1 has suffered another blow with doubts being raised about the finances of racing team Force India by its auditors. ...
Caterham F1 turns to crowdfunding to get back on the grid image
Source : Telegraph [Read Article] Friday 7th of November 2014 04:34:55 PM
. Formula 1 racing team Caterham has turned to internet crowd funding as it battles to get back on the race track after going into administration in October. ...

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