Sports Direct to expand into Europe June 18, 2021 Sports Direct will expand into major UK and European, in part to take on rival JD Sports. Michael Murray, head of elevation at parent company Frasers, said Sports Direct would expand via both acquisitions and “incremental opportunities” to help built its presence at home and abroad, the Financial Times first reported. “We have a strong [...]
UK businesses pay £1bn of furlough money back to the Treasury June 17, 2021 British firms have paid back the government more than £1bn in previously claimed furlough payments, after weathering the Covid recession successfully. A Freedom of Information request, sent by the Financial Times, revealed that £709m of money claimed through the coronavirus job retention scheme has now been repaid to HM Revenue and Customs by businesses. Another [...]
JD Sports under fire for ‘inappropriate’ chairman bonus June 13, 2021 JD Sports is facing fierce criticism for paying bonuses to executive chairman Peter Cowgill despite taking tens of millions of pounds in government support. In a damning report shareholder advisory service Glass Lewis recommended that investors vote against the company’s “inappropriate” pay policy. It also said shareholders should oppose Cowgill’s reelection due to inadequate succession [...]
Wall Street opens higher while FTSE 100 stays in the green June 10, 2021 Wall Street’s main indexes rose today as investors shrugged off a surge in consumer prices that raised concerns of early policy tightening by the Fed. The Dow Jones Industrial Average was up 0.6 per cent, while the S&P 500 advanced 0.4 per cent at the open. Meanwhile, the tech-heavy Nasdaq gained 0.2 per cent. Wall [...]
Wall Street opens higher while the FTSE 250 closes at a new record June 1, 2021 Wall Street opens higher as FTSE 250 closes at a new record
JD Sports hits back at speculation that its executive chairman is leaving June 1, 2021 JD Sports has today hit back at weekend media speculation that its executive chairman is leaving the helm of the retail chain. The retail chain confirmed this morning in a statement that its senior board member, Peter Cowgill, will remain in the position. JD also said that it had not engaged in any process to [...]
Wall Street edges higher as FTSE 100 falls flat despite recovery hopes May 21, 2021 Wall Street opened higher this afternoon as investors turned their attention to key business surveys at the end of a volatile week of trading. The Dow Jones rose 0.11 per cent on open and the S&P 500 gained 0.23 per cent, while the tech-heavy Nasdaq pushed 0.59 per cent higher. It came after the London’s [...]
Klarna mulls London stock market float after post-Brexit listing revamp May 21, 2021 Klarna is weighing up a potential stock market float in London, but has said its decision will rest on changes to listing rules in the capital after Brexit. Chief executive Sebastian Siemiatkowski said London had the opportunity to strengthen its reputation as a global financial hub by attracting more fintech firms and banks. “As Brexit [...]
Hospitality firms urge Boris Johnson to stick to reopening roadmap April 18, 2021 Some of the UK’s biggest hospitality companies have urged Prime Minister Boris Johnson to “stick” to the current plan for easing lockdown restrictions. In an open letter the pub and restaurant bosses said two-thirds of venues were unable to open outdoors from 12 April and “none is breaking even”. They called on the prime minister [...]
Wall Street opens flat as big banks kick off earnings season April 14, 2021 U.S. stock indexes opened flat today as Goldman Sachs and JPMorgan kicked off the first-quarter corporate earnings season, against the backdrop of a swift vaccine-led global economic recovery The Dow Jones Industrial Average fell 8.32 points, or 0.02 per cent, at the open to 33,668.95. The S&P 500 opened lower by 0.01 points, or -0.00 [...]