London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
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 [...]
Once-staid audit sector enters brave new world July 30, 2019 The days of auditors as grey-suited backroom boys is over. Whether they like it or not, the spotlight turned on the sector following the collapse of outsourcer Carillion has not diminished in intensity. The Big Four face the challenge of a potential raft of reforms designed to rein them in, overseen by a new beefed-up [...]
Grant Thornton due to quit Sports Direct after €674m Belgian tax bill July 30, 2019 Grant Thornton is reportedly set to quit as Sports Direct’s auditor following unprecedented delays to the publication of the retailer’s annual results on Friday. The auditor will abandon billionaire Mike Ashley after only learning shortly before it was set to sign off on his company’s accounts that Sports Direct owed Belgian tax authorities €674m (£605m), [...]
Shareholders ‘run for the hills’ after Sports Direct’s gloomy delayed results July 29, 2019 Sports Direct’s share price today felt the backlash of investors who had waited until after markets closed last week to learn of the retailer’s dire set of annual results. Mike Ashley’s company saw shares dive as much as 16 per cent to 193.2p in early morning trading after he admitted it owes £605m in an [...]
A clash of visions at Sports Direct July 28, 2019 Mike Ashley once admitted that there was in fact another person who has really been running Sports Direct. She is a media-shy 51-year-old woman called Karen Byers. For almost three decades, Byers has been quietly working under Ashley as one of his core lieutenants, pulling 18 hour days and keeping a ruthless focus on the [...]
Just Eat ready to serve up £9bn merger with Takeaway.com July 27, 2019 Just Eat is in talks over a £9bn merger with a rival based in Holland. The London-listed food delivery service and Takeaway.com have been in discussions for several weeks. Read more: Sports Direct hit by £605m tax bill and ‘terminal’ House of Fraser issues An agreement should be agreed as soon as the end of [...]
Sports Direct hit by £605m Belgian tax bill and ‘terminal’ House of Fraser problems July 27, 2019 As Sports Direct finally released its financial results yesterday following the close of the market, Mike Ashley admitted it may have been a mistake to buy House of Fraser last year. The sporting goods retailer delayed announcing its results, which are usually released before the market opens at the start of the day, on three [...]
Mike Ashley stays silent on Sports Direct as London Stock Exchange ends trading July 26, 2019 Sports Direct was meant to deliver a delayed set of results to the City today, but trading opened and closed and the only messages to come from Mike Ashley’s retailer were three further delays. The sportswear firm failed to update the market at 7am, before telling journalists to await an update at 12pm. Read more: [...]