A remake of the British boarding school comedy, St Trinian's, has been acquired by Sony Pictures Worldwide to screen on American television, Variety reports. The classic British series, which follows a dysfunctional British boarding school and its twisted group of teachers, will also be released in US theatres this summer by NeoClassics. The film is a remake of the 1950s Ealing title The Belles of St Trinian's, and was directed by Oliver Parker and Barnaby Thompson. Rupert Everett and Colin Firth star in the remake, which made more than $25 million (Dh91m) when it was released in the UK. Ealing Studios is working on a sequel, St Trinian's II: The Legend of Fritton's Gold, which is set to film in the UK this summer.
British filmmakers also hit the news this week with the announcement that the Trainspotting author Irvine Welsh has been hired to direct the independent football movie The Magnificent Eleven for Angry Badger Pictures. Set to shoot later this year, the film is a contemporary version of The Magnificent Seven and revolves around a group of amateur footballers.
A domestic release date of October 2, 2009 has been set for Michael Moore's untitled documentary about the fall of the world economy, The Hollywood Reporter writes. Set to be released through Paramount Vantage and Overture, the film is described as a "comical look at the corporate shenanigans" which lead to what Moore described as the "biggest robbery in the history of the US". At last year's Cannes Film Festival, Paramount and Overture announced that a new Moore film was in the works, but declined to specify on the subject. But the word was out when, in February, Moore posted an open letter on his website seeking a few brave individuals from Wall Street to help him "expose the biggest swindle in American history". Moore's last film was the 2006 hit Sicko, which took on the American health care system.
The French football star-turned-actor Eric Cantona has signed onto star in the new film from Herve P Gustave, otherwise known as HPG. The film centres on a relationship between two outsiders, a martial arts man and a young student who wishes to have a child. Cantona's wife, Rachida Brackni, will play the young woman in the film, which is set to shoot this fall. Cantona was front and centre at Cannes last week as the star of British director Ken Loach's festival film Looking for Eric. HPG is also no stranger to the festival with his 2006 film We Should Not Exist, which played in the Directors' Fortnight section in Cannes.
Sayed Kashua's novel Dancing Arabs is heading for the big screen with Katia Lund, the co-director of the Brazilian film City of God attached to direct the feature. Budgeted at $5 million (Dh18m), the film follows Kashua's story of his growing up as an Arab in Israel. Kashua will write the screenplay, Variety reports. The film is set to shoot later this year and is likely to use non-professional actors, which was also the case for City of God.
The former Paramount production chief Robert Evans is back in the fray with a feature film based on the British television series UFO, which the actor-turned-filmmaker is set to produce with ITV Globo. The series made its debut in 1970 and was set in 1980 at the Supreme Headquarters Defense Organization, which was a military unit charged with thwarting alien attacks on humans. The feature will be set in 2020. The Robert Evans Co has a first-look deal at Paramount, which will be first stop for the project, Variety reports.
Will Smith's Sony-based Overbrook Entertainment has secured the life rights to one of the heroes of Hurricane Katrina, the ex-marine John Keller. Keller saved 244 of his neighbours in New Orleans when their five-storey building was flooded during the 2005 hurricane, which wiped out New Orleans. John Lee Hancock (The Alamo) will direct from his own screenplay. Sony has also acquired a spec script on Keller's life written by Adetero Makinde. James Lassiter, Smith and Ken Stovitz will produce through Overbrook alongside Makinde.
Prop idols
Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.
Sophie Shams (Dubai Exiles mini, England sevens international)
An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.
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Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)
Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.
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Erin King (Dubai Hurricanes mini, Ireland sevens international)
Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.
Racecard
6pm: Mina Hamriya – Handicap (TB) $75,000 (Dirt) 1,400m
6.35pm: Al Wasl Stakes – Conditions (TB) $60,000 (Turf) 1,200m
7.10pm: UAE Oaks – Group 3 (TB) $150,000 (D) 1,900m
7.45pm: Blue Point Sprint – Group 2 (TB) $180,000 (T) 1,000m
8.20pm: Nad Al Sheba Trophy – Group 3 (TB) $200,000 (T) 2,810m
8.55pm: Mina Rashid – Handicap (TB) $80,000 (T) 1,600m
The%20Roundup
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UAE Falcons
Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.
Bullet%20Train
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Company%20Profile
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How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
RESULTS
Bantamweight: Jalal Al Daaja (JOR) beat Hamza Bougamza (MAR)
Catchweight 67kg: Mohamed El Mesbahi (MAR) beat Fouad Mesdari (ALG)
Lightweight: Abdullah Mohammed Ali (UAE) beat Abdelhak Amhidra (MAR)
Catchweight 73kg: Mosatafa Ibrahim Radi (PAL) beat Yazid Chouchane (ALG)
Middleweight: Yousri Belgaroui (TUN) beat Badreddine Diani (MAR)
Catchweight 78KG: Rashed Dawood (UAE) beat Adnan Bushashy (ALG)
Middleweight: Sallah-Eddine Dekhissi (MAR) beat Abdel Enam (EGY)
Catchweight 65kg: Yanis Ghemmouri (ALG) beat Rachid Hazoume (MAR)
Lightweight: Mohammed Yahya (UAE) beat Azouz Anwar (EGY)
Catchweight 79kg: Souhil Tahiri (ALG) beat Omar Hussein (PAL)
Middleweight: Tarek Suleiman (SYR) beat Laid Zerhouni (ALG)
Killing of Qassem Suleimani
Arabian Gulf Cup FINAL
Al Nasr 2
(Negredo 1, Tozo 50)
Shabab Al Ahli 1
(Jaber 13)
Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
Specs
Engine: 2-litre
Transmission: Eight-speed automatic
Power: 255hp
Torque: 273Nm
Price: Dh240,000
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Company%20Profile
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