Goals ‘blocks’ Mike Ashley probe into £12m accounting crisis June 19, 2019 Goals Soccer Centre is accused of having “stonewalled” calls from its largest shareholder, Sports Direct, for an external probe into its £12m accounting crisis. Sports Direct billionaire Mike Ashley had urged Goals to green light an external investigation over fears about the scale of the accounting issues. Read more: Goals warns of weaker results amid [...]
Company Voluntary Anxiety: Retailers’ favoured rescue tool under fire June 12, 2019 SIR PHILIP Green’s fashion group Arcadia and department store chain Debenhams face renewed opposition to their restructuring efforts as the role of a controversial rescue mechanism comes under growing pressure. The future of Green’s retail empire hangs in the balance after it emerged yesterday that shopping centre owner Intu plans to vote against the firm’s company [...]
Cricket World Cup: Scotland chief executive Malcom Cannon on qualifying heartbreak, the 10-team format and becoming a full member June 11, 2019 The World Cup may be in full swing across the country right now, but not everyone involved in cricket is revelling in the occasion. With the focus solely on the 10 teams competing, it is easy to get swept up by the occasion and forget the longstanding debate surrounding tournament’s format. Not if your name [...]
Sports Direct launches legal challenge to Debenhams restructuring plan June 11, 2019 Retail tycoon Mike Ashley has launched an audacious legal challenge to stall the turnaround plan at Debenhams, reigniting a bitter feud for control of the high street retailer. The embattled department store chain confirmed today that it has received challenges to its company voluntary arrangements (CVA) from parties including Sports Direct, the budget sportswear retailer [...]
Stoffel Vandoorne interview: Belgian on his Formula One nightmare, Formula E and making his Le Mans debut this week June 11, 2019 Upon joining McLaren’s junior driver programme in 2013 Stoffel Vandoorne moved a step closer to achieving the dream of every young racing driver: becoming a Formula One world champion. When he was installed as McLaren’s test driver in 2016 and then Fernando Alonso’s team-mate in 2017, it seemed that perhaps the hardest part of the [...]
Mike Ashley’s Sports Direct lines up Game takeover June 5, 2019 Mike Ashley is set to lodge a bid for Game Digital, as the retail tycoon’s spending spree shows little sign of slowing down. Sports Direct, which already owned a 20 per cent holding in Game, has launched a takeover offer for the gaming firm after upping its stake in the group to roughly 38 per [...]
Findel posts surge in full-year profit as it unveils name change June 5, 2019 Home shopping company Findel has posted a sharp rise in profit and unveiled a new brand name, just weeks after it fended off a takeover bid from major shareholder Sports Direct. Pre-tax profit jumped 33 per cent to £29.4m in the year to the end of March, while revenue rose 5.7 per cent to £506.8m. [...]
Crackdown on junk food adverts ‘will damage’ broadcasters and advertisers June 3, 2019 The government’s plan to crack down on junk food TV advertising is an “irrelevant symbolic gesture” that will damage business for broadcasters and advertisers, a damning new report has warned. Media research firm Enders Analysis said plans to ban TV adverts for unhealthy food will not tackle the issue of childhood obesity and will cause [...]
Investors given second chance to buy a piece of Star Wars May 30, 2019 By Rodney Hobson from interactive investor. This iconic brand has rewarded shareholders handsomely, and could do again, argues our overseas expert. Investors could be forgiven for thinking they had missed their chance to buy into The Walt Disney (NYSE:DIS) when the shares shot up 10% one April day, and then went on to set new [...]
Cricket Betting Tips: Steyn’s absence can see England start tournament in winning fashion May 29, 2019 IT IS often the case that the first match of a major sporting event turns into a bit of a damp squib. In tournaments like the football World Cup, it is rare that we get to see two leading nations take each other on early in the competition. However, fans are in for a real [...]