LAS VEGAS – WrestleMania 41 proved to be as impactful to Las Vegas as it was to the pro wrestling industry as fans who were in the city last year saw John Cena win his historic 17th WWE championship.

TKO Group Holdings said in a press release on Wednesday that WrestleMania 41 “delivered WWE’s largest economic impact number measured to date with $322.2 million.” When the number is combined with Riyadh Season’s Canelo Alvarez vs. Terence Crawford showdown in September, TKO said the two events generated $626.1 million for Las Vegas’ economy in 2025.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

“The findings confirm what we saw firsthand: these were both extraordinarily impactful events for Las Vegas,” Las Vegas Convention and Visitors Authority (LVCVA) CEO and President Steve Hill said in a news release. “More than a successful fight night and WrestleMania spectacle, these were true destination drivers that compelled fans to travel here for the experience. The results for both events were exceptional, reinforcing both Las Vegas’ position as a premier global stage for major moments and the powerhouse entertainment that TKO produces.”

WrestleMania 41 saw Cena, who had turned heel, defeat Cody Rhodes for the Undisputed WWE Championship at Allegiant Stadium. It set Cena on a months-long retirement journey where he vowed to “ruin” professional wrestling. It wasn’t until SummerSlam that he came back around as a fan favorite and eventually dropped the title to Rhodes.

WRESTLEMANIA 42 CARD REVEALED AS MAIN EVENTS AND MAJOR MATCHES ARE SET

The event also saw Jey Uso upset Gunther for the World Heavyweight Championship. At the time, Uso was the men’s Royal Rumble winner. He made Gunther tap out to start the two-night event.

Ticker	Security	Last	Change	Change %
TKO	TKO GROUP HOLDINGS	195.02	-0.38	-0.19%

In September, Alvarez and Crawford put on a show at Allegiant Stadium. Crawford won the bout and became the undisputed middleweight champion.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

WWE is back in Las Vegas for WrestleMania 42. The two-night show begins on Saturday at 6 p.m. ET and can be seen on ESPN Unlimited.

As calls for listing Tata Sons gain momentum, InGovern Founder and Managing Director Shriram Subramanian said the company’s board should consider the move, amid nudges from the Reserve Bank of India (RBI) and its largest shareholder, the Shapoorji Pallonji Group.

Subramanian’s remarks followed an ET Now report that the Tata Sons board is likely to meet on June 12 to mull over the company’s listing and also consider reappointment of Natarajan Chandrasekaran’s reappointment as Chairman.

“…I think there is only so much that Chandrasekaran can do regarding the listing because RBI can push this one and make it compulsory for Tata Sons to list. Two is, the Shapoorji Pallonji Group is always seeking a listing. So, they are the largest shareholder. So, to that extent the board in its prudence should consider the listing itself,” Subramanian said in a chat with ET Now.

“I guess in the past board meeting these two points that you touched upon. One is, the losses of the other unlisted group companies, maybe there was not enough data points, so that could be presented in this forthcoming board meeting. Two is, obviously the listing or the not listing of Tata Sons,” the InGovern Founder said.

Tata Sons, an upper-layer NBFC is the principal investment holding company and promoter of Tata companies.

He also commented on why Tata Trusts appears reluctant on getting Tata Sons listed. “I would think definitely Tata Trusts do not want the transparency of Tata Sons. So, to that extent they want it to be unlisted. They do not want to give liquidity to Shapoorji Pallonji Group. So, to that extent they do not want Tata Sons to get listed,” Subramanian said.
“So, obviously, listing will entail a detailing of all the unlisted entities which are owned and the financial results and disclosing them, etc, and it may become slightly more onerous on the Tata Sons to sort of channelise its funds and capital allocation will be closely scrutinised. As such, the group is not very well known for capital allocation decisions. So, from that perspective, once it is listed, public shareholders will and analysts will obviously push for greater details on capital allocation, on profitability, path to profitability of the loss-making entities, etc, etc.,” he added.A Tata Trusts resolution passed less than a year ago, aimed to retain Tata Sons as an unlisted private entity, resisting regulatory momentum toward a potential IPO. More recently, Tata Trusts, under the chairmanship of Noel Tata, had asked Tata Sons Chairman N Chandrasekaran to explore all options to avoid a listing, while also initiating discussions on a potential exit for the SP Group.

However, Tata Trusts trustee and former Defence Secretary Vijay Singh recently called for the listing of Tata Sons on the stock exchanges through its initial public offering (IPO), echoing TVS Group’s Venu Srinivasan publicly supported statement, as reported by The Indian Express.

Read more: Tata Sons IPO: After Venu Srinivasan, Tata Trusts Vice Chairman Vijay Singh backs listing of Tata Sons, says report

On Chandrasekaran’s reappointment as the Group chairman, Subramanian is of the view that he should get an extension as a 10-year term for a conglomerate of Tata Group’s complexity was not good enough.

“I would think there is no reason why they should not give him another term. As such, a 10-year term is not sufficient enough for any CEO of such a complex group to show results. There have been green shoots, of course, in the past 10 years, but more needs to be done,” he opined.

InGovern is an independent corporate governance research and advisory firm which assists investors that have financial or reputation exposure to companies.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

Americans are facing a midnight deadline to file their 2025 tax return, but the refunds that await the majority of taxpayers are larger on average than a year ago – with taxpayers in certain states receiving higher refunds, according to a new report.

An analysis by Upgraded Points of how refund amounts have changed across geographic areas and income levels finds that the estimated average refund for 2026 is $3,571, with 72.9% of taxpayers receiving refunds. That’s above the record set in 2022 of $3,252, though the share of refund recipients is down from 77.1% in 2021.

The larger refunds across the nation come following the enactment of the One Big Beautiful Bill Act, which extended a host of tax policies that were set to expire and included new policies aimed at providing tax relief for income from tips and overtime, Social Security, and other provisions like the auto loan interest deduction for new, U.S.-made cars.

While those policy changes occurred for all U.S. taxpayers, residents of some states are seeing larger refunds than their peers in other parts of the country based on the IRS data used to compile the report.

TAX DAY IS HERE: ADVICE FOR LAST-MINUTE FILERS RACING AGAINST THE CLOCK

The Upgraded Points analysis found that the state with the highest average refund was Florida with $4,433 after adjusting for inflation. That’s out of more than 11.1 million federal tax returns filed, of which 67.1% yielded a refund for the taxpayer.

“While Tax Day isn’t usually a day for celebration, Americans can rejoice knowing they will likely receive a larger tax return or owe less than in years past. I am proud to have supported the Working Families Tax Cut Package – the largest tax cut in history for working Americans,” Sen. Ashley Moody, R-Fla., told FOX Business.

“On average, Floridians will receive the largest average federal tax refunds in the country, keeping hard earned dollars in the pockets of workers, families, and businesses,” Moody added.

IRS REFUND TRACKER EXPLAINED: WHAT YOU NEED TO KNOW BEFORE THIS YEAR’S TAX FILING DEADLINE

Texas ranked second with an average refund of $4,344 out of 13.6 million returns filed by Lone Star State taxpayers, with 71.3% receiving a refund.

A pair of states in the Mountain West ranked third and fourth, with Wyoming taxpayers getting an average refund of $4,282 with 68.8% of the 280,750 returns filed receiving a refund, followed by Nevada’s average refund of $4,193 with 69.6% of the Silver State’s 1.6 million returns receiving a refund.

Louisiana rounded out the top five with an average refund of $4,117 across nearly 2 million returns filed with a 73% refund rate, which Upgraded Points noted ranked as the third-highest refund rate among states.

The county level data in the report showed even higher refunds in wealthy enclaves around the country. 

HOW TO FILE A TAX EXTENSION BEFORE THE APRIL 15 DEADLINE

Wyoming’s Teton County, which is home to the town of Jackson, had the largest average refund in the country of $15,156, out of the 15,210 federal returns filed with only 51.9% receiving a refund.

Pitkin County, Colorado, which is where the town of Aspen is located, had an average refund of $8,756 based on 10,520 returns filed with a 52% refund rate. 

Utah’s Summit County, which includes Park City, had an average refund of $8,481 with 55.8% of the nearly 25,000 returns filed receiving a refund.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Collier County, Florida, home to the city of Naples, had an average refund of $7,764 with 56.6% of the 214,600 filers receiving a refund.

‘It is pleasing that order intake in the second half year for both Petards Rail and Petards Defence were at levels not seen for several years’

Gateshead security tech firm Petards has hailed rising revenues and earnings in its full year results on the back of a solid increase in contracts. The listed Team Valley company develops advanced security, communication and surveillance systems for the traffic, communications, rail and defence sectors, employing more than 110 people at its base in Princesway.

Bosses said improved trading had been driven by Petards Rail and a profitable maiden full-year’s contribution from Affini, the Derby-based wireless specialist that Petards acquired last year. Turnover in 2025 jumped 24% to £14.9m, and adjusted Ebitda more than doubled from £400,000 to £1m, while net cash inflows from operating activities also grew to £1.4m, up from £200,000.

It also narrowed its operating loss from £774,000 to £435,000. Petards said more than half of revenues came from service, engineering support, spares, repairs and managed service. It saw reduced revenues at subsidiary QRO – which delivers complete end to end ANPR (Automatic Number Plate Recognition) systems – due to delays in customer order placement,but said these were offset by stronger performances at other operations.

QRO is expected to regain momentum over this financial year.

Chairman Raschid Abdullah thanked all of its employees for their hard work, support and commitment throughout the year, adding that “their collective effort, teamwork, and innovation support the progress we are making and positions the group well for the future”.

He said: “Given the difficult market conditions experienced by both Rail and Defence in recent years, it is pleasing that order intake in the second half year for both Petards Rail and Petards Defence were at levels not seen for several years. Of particular note were the contract awards from the MOD, Rheinmetall BAE Systems Land and BAE Systems in the last two months of the year totalling £3.5m.

“The largest of these was the £2.2m order from RBSL which is for the provision of initial electronic design and obsolescence management services in support of RBSL’s Challenger 3 Upgrade Programme, for which the main deliverables are scheduled for the current year.

“Following on from this we are well positioned to extend our involvement into the manufacturing phase of the programme.”

Mr Abdullah said the closing order book of £9.2m represents Petards’ largest year end order book in years, £7.7m of which is scheduled for delivery during 2026.

He added: “While Petards is not exposed any more than similar companies of our size, we are understandably cautious in terms of the impact that current events in the Middle East might have on both supply chains and our customers plans, should the situation remain unresolved over an extended period. At this stage it is difficult to predict what the short and medium term outcome may be.

“Nevertheless, the Group’s £9.2m opening order book and its revenue coverage for 2026 is encouraging and provides a solid base from which the business can progress.

“We enter 2026 in a stronger position than has been the case in the past few years. While customer order placement decisions continue to be taking some time, I am pleased to report that 2026 has started well with first quarter Group earnings in line with the Board’s expectations.

“Given the strength of the opening order book and its cover for 2026, the Board is confident that the Group is well placed to deliver a continued improvement in its trading performance in the coming year.”

Like this story? For more news from the tech sector, visit our dedicated page for the latest news and analysis here.

‘It provides an opportunity to influence positive change, share best practices, and strengthen collaboration in the North East’

The new chair of the North East division of insolvency body R3 has told how her appointment represents “an honour and a responsibility”. Armstrong Watson restructuring and insolvency director Kerry Pearson has been appointed North East Chair of R3, the trade organisation for insolvency and restructuring professionals, a role which will see her represent members across the region.

In her new role Ms Pearson will facilitate networking and knowledge-sharing opportunities, and ensure local voices are heard at a national level. She told how she plans to organise events that encourage learning and engagement, and to build stronger relationships with key regional stakeholders.

Ms Pearson is set to focus on promoting early engagement with professional advice, supporting training and development for members, and raising awareness of the positive role the profession plays in rescuing businesses and preserving jobs. She also aims to champion practical collaboration across the North East to safeguard employment and strengthen resilience.

She said: “This appointment is both an honour and a responsibility. It provides an opportunity to influence positive change, share best practices, and strengthen collaboration in the North East.

“I’ve always been passionate about promoting the value of our profession and ensuring businesses and individuals receive the right advice during challenging times.

“I’m committed to supporting the insolvency and restructuring profession and to contributing to the region’s business community. This role allows me to advocate for the sector and raise awareness of its importance.

“At Armstrong Watson, we focus on helping businesses navigate financial challenges and achieve stability. Being part of R3 enhances our ability to stay ahead of industry developments so we can provide clients with informed, practical solutions.”

Looking ahead, she highlights both challenges and opportunities for the sector, including economic uncertainty, rising costs, changing markets and the increasing role of technology in improving efficiency and outcomes.

Ms Pearson’s appointment comes as insolvency statistics for early 2026 showed a persistent increase in corporate distress across England and Wales, with February 2026 data revealing 1,878 registered company insolvencies, a 7% rise from January 2026.

Company insolvencies in February 2026 consisted of 249 compulsory liquidations, 1,473 creditors’ voluntary liquidations (CVLs), 146 administrations and 10 company voluntary arrangements (CVAs).

Courts Developments plans scheme next to Barons Quay

A five-storey apartment block and a new retail unit could be built next to Barons Quay if plans are given the green light.

An outline application has been submitted by Courts Developments for up to 84 flats on Tabley Street, along with a retail unit, and parking spaces.

The proposed 4,482sqm development would consist of a ‘stepped’ apartment block design, with the maximum height being five storeys, measuring up to 16m high – making it one of the tallest buildings on the Northwich town centre skyline.

A total of 30 flats would be two-bed, and 54 would be one-bed. As the application is only outline at this stage, some specific details are yet to be nailed down.

But planning documents stated there would be a maximum of 55 car parking spaces spread across two parking areas, with 43 of the spaces having charging points for electric vehicles.

The scheme also includes a ‘small and flexible’ commercial space measuring around 145sqm on the ground floor. Options which have been considered by the developer so far include using it as a community space, a retail unit, or café/restaurant, but documents said no firm decision has yet been made.

Barons Quay is located to the west of the site – which is currently vacant – while Sainsbury’s located to the east. The Salvation Army Hall and Albion Road are located along the southern boundary.

The application to Cheshire West and Chester Council, said: “The scheme is designed to be outward looking to ensure that the building addresses the street scene and the wider surroundings, whilst also enhancing natural surveillance of the area.”

It added: “At ground level, the scheme provides residential apartments that open directly onto the communal garden, while ancillary spaces such as bin stores, plant rooms, and cycle storage are positioned along Tabley Street to allow for convenient servicing acces.

Planning regulations require a percentage of every new development to have affordable housing, via schemes such as social rent or capped purchase prices for first time buyers.

The application added: “The council seeks to maximise the provision of affordable housing provided up to a target of 30 per cent.”

It added: “Within this target, the proportion, type, tenure and size of affordable housing sought in each case will depend on site specific circumstances and the overall effect on the viability of the scheme and will take into account the most up to date assessment of affordable housing needs.”

The plans can be viewed on the council’s planning portal under the following reference number: 26/00844/OUT.

To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.