Not as easy as 1,2,3: Seven accounting errors that rocked FTSE firms January 22, 2020 Ted Baker today experienced the dubious honour of joining a list of FTSE firms that have been shaken by accounting errors in the past year. The fashion retailer revealed an accounting error was more than twice as bad as it previously thought, knocking shares down seven per cent. But it is by no means the [...]
‘Intruder’ Fifa is a threat to European club football, says Spanish league boss Javier Tebas January 20, 2020 Javier Tebas, the man who accused Paris Saint-Germain of “peeing in the pool” and flouting football’s financial rules, is know for shooting from the hip and now it is Fifa in the outspoken Spanish league chief’s crosshairs. Specifically, LaLiga president Tebas is disturbed by his Fifa counterpart Gianni Infantino’s apparent determination to transform the Club [...]
Don’t run for the hills over alignment – the big question is where and when to diverge January 19, 2020 As we approach the 50-day point in Boris Johnson’s premiership, questions are still being asked about what kind of leader he will be, and how different the country will become under him. Londoners in particular are used to certain amount of showmanship in the Johnson approach to politics. As mayor, he was a high profile [...]
Mike Ashley’s Frasers Group to close six Jack Wills stores January 16, 2020 High street fashion brand Jack Wills has announced it will shut six stores, blaming “unhelpful” landlords for the closures. Mike Ashley’s Frasers Group, which bought the fashion retailer out of administration for £12.8m last year, today said shops in Bournemouth, Camberley, Cheltenham, Soho, Turo and Witney will close within the next month. Ashley’s retail empire, [...]
Stay on top of your game with the best health and fitness gadgets of 2020 January 15, 2020 It’s January – misery month – a yawning chasm between paydays offering naught but the freezing grey expanse of winter to look forward to. So you know what that means: it’s time to step into last year’s battered trainers, load up a podcast and get running again. To help keep you motivated, here’s our pick [...]
Mike Ashley’s Frasers Group urges PM to reform business rates system January 14, 2020 Mike Ashley’s Frasers Group, formerly known as Sports Direct, has written to the Prime Minister to ask him to urgently review the business rates scheme. In a letter to Boris Johnson, Frasers Group finance chief Chris Wootton urged the government to reform the transitional relief system, which he said results in some stores “paying the [...]
Property of the Week: This £20m Fulham mansion has The Hurlingham Club and a heliport on its doorstep January 10, 2020 Cinema, swimming pool, sauna, bar, wine storage. These are things most of us can only dream of having in our homes – but that’s what one super-rich buyer will be getting if they snap up Fulham mansion, New Lodge. New to the market with a jaw-dropping £20m price tag, the six-bed, six-bath home on Broomhouse [...]
Game calls for ‘realistic’ rents as it closes 40 stores across the UK January 9, 2020 Game today urged its landlords to set “realistic” rents as the retailer confirmed it will close 40 stores across the country. The video game chain, which is owned by Mike Ashley’s Sports Direct, had already served notice to 13 sites, including Watford, Canterbury and Leicester. Read more: Sports Direct set for Game Digital takeover after [...]
Investors brace for rocky week of geopolitical tension January 5, 2020 Investors are bracing themselves for a rocky week’s trading which will be dominated by heightened tensions in the Middle East and feature a key US jobs report and many companies’ financial results. Traders started 2020 in a buoyant mood on Thursday of last week, with equity indices rising considerably. The US’s assassination of Iranian general [...]
2020 Vision: What to expect from sport this year, by industry insiders January 5, 2020 What will sport look like in 2020? We asked a host of industry experts for their predictions – and this is what they said. Neil Hopkins, global head of strategy at M&C Saatchi Sport and Entertainment Euros offer ticket to ride Football fans used to tournaments taking place in one or, at most, two host [...]