City watchdog launches fraud probe into Goals Soccer Centres August 11, 2019 The Financial Conduct Authority (FCA) has reportedly launched an investigation into fraud at Goals Soccer Centres. The five-a-side football operator announced earlier this month that it was to delist from the stock market after an investigation into its accounting practices found “improper behaviour”. Trading in its shares was suspended in March after it said it [...]
The world’s local bank has a new boss on its doorstep August 9, 2019 It is just 4.3 miles from One Canada Square, HSBC Holdings’ headquarters, to 20 Gresham Street, the home of Lloyds Banking Group. How fitting, then, that “the world’s local bank” should have no further to look than its near-neighbour for its next chief executive. Mark Tucker, HSBC’s chairman, cautioned this week that his search for [...]
Southampton preview: Hasenhuttl ready to impart his tactical philosophy on Saints August 8, 2019 At the start of a new football season, fans’ excitement is increasingly directed towards new signings – players who offer hope that this campaign can be different. For Southampton, there are certainly high hopes for striker Che Adams, who has arrived from Birmingham for £15m, and winger Moussa Djenepo, who has joined from Standard Liege, [...]
Debenhams chairman to step down as restructuring expert appointed chief exec August 7, 2019 Debenhams chairman Terry Duddy is preparing to step down next month as the beleaguered department store’s owners appoint a restructuring expert as its new chief executive. Retail veteran Duddy, who previously ran Argos and Homebase, will leave chief restructuring officer Stefaan Vansteenkiste in charge of the company, Sky News reported. Read more: Debenhams prepares to [...]
Jack Wills stores at risk as Sports Direct kicks off landlord negotiations August 7, 2019 Sports Direct has begun to negotiate with landlords over rent cuts at Jack Wills stores, which could see some branches marked for closure by the end of this week. Mike Ashley’s company is seeking to slash rents at poor performing branches after acquiring the retailer earlier this week. Stores will be shuttered if a new [...]
Mike Ashley’s Sports Direct buys Jack Wills for £12.8m August 5, 2019 Retail tycoon Mike Ashley’s Sports Direct has bought struggling high street brand Jack Wills out of administration for £12.75m. Ashley won a race against British billionaire Philip Day, who owns the Edinburgh Woollen Mill Group, to snap up the “preppy” fashion retailer. Read more: Philip Day tables bid to avoid Jack Wills administration Will Wright [...]
Philip Day tables bid to avoid Jack Wills administration August 5, 2019 British billionaire Philip Day is taking on rival bidder Mike Ashley to keep struggling retailer Jack Wills out of administration. Day’s Edinburgh Woollen Mill Group’s (EWM) offer for the “preppy” fashion brand would seek to avoid a pre-pack administration, it was revealed as the bidding war between the two retail tycoons entered its final hours. [...]
Mike Ashley’s Sports Direct closes in on Jack Wills deal August 4, 2019 Retail tycoon Mike Ashley’s Sports Direct has emerged as the favourite to buy struggling fashion brand Jack Wills Sports Direct is the preferred bidder for the retailer and a deal could be struck as soon as tomorrow, Sky News reported. Read more: Mike Ashley and Philip Day in battle to buy Jack Wills Sources told [...]
Mike Ashley and Philip Day in battle to buy Jack Wills August 3, 2019 High street giants Mike Ashley and Philip Day are embroiled in a battle to takeover Jack Wills, which is on the brink of administration. The billionaires’ companies, Sports Direct and Edinburgh Woollen Mill, are the two remaining bidders for the fashion chain, according to Sky News. Read more: Majestic Wine sells brand and stores for [...]
Mike Ashley-backed Goals Soccer Centres to delist from stock market after ‘improper’ accounting August 2, 2019 Goals Soccer Centres said today it will delist from the stock market after it discovered “improper behaviour” going back to 2010 that means it will be unable to file its accounts. The move will be a blow to Mike Ashley’s Sports Direct which owns an 18 per cent stake in the company. Goals said today [...]