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: [...]
Confusion reigns as Sports Direct delays annual results again July 26, 2019 Sports Direct’s share price fell this morning as it delayed the release of its annual results ahead of today’s annual general meeting with shareholders. Billionaire Mike Ashley was due to release results for his company at 7am ahead of the London Stock Exchange’s open at 8am. Read more: Sports Direct shares plunge as it delays [...]
Sports Direct: What’s gone wrong for Mike Ashley? July 26, 2019 Even for an unpredictable retail tycoon like Mike Ashley, today’s strange turn of events is unprecedented. Sports Direct was set to release its full-year figures at 7am this morning, before suddenly postponing its statement and cancelling media interviews. Read more: Confusion reigns as Sports Direct delays annual results yet again With no explanation given as [...]
Comcast grows revenue and profit thanks to broadband boost July 25, 2019 Comcast has posted a rise in revenue and profit for the second quarter as an increase in broadband customers helped offset a decline in its TV business. The US media group posted revenue of $26.9bn (£21.5bn) in the three months to the end of June, up 24 per cent on the same period last year. [...]
Mauritius: Paradise, but not as you know it July 24, 2019 This tropical island offers the cliched white sands and blue seas, but there’s more to discover at this most unusual of holiday destinations Pop quiz: What is the only tropical island to host its own classic car rally? This November, Mauritius will be the unlikely home to some of the rarest and most expensive classic [...]
Andrew Pozzi interview: Team GB world champion hurdler on his passion for business and choosing athletics over a career in the City July 24, 2019 His time and effort may be taken up by how to clear a handful of hurdles as quickly as possible, but Andrew Pozzi has plenty else on his mind. The 27-year-old world indoor hurdles champion over 60m is currently working hard to translate his success into medals over 110m. Last year he moved from Loughborough [...]
Debenhams prepares to ask lenders for extra £50m lifeline July 18, 2019 Debenhams is preparing to ask lenders for an additional £50m lifeline as it approaches the critical Christmas trading period. The department store, which was taken over by its lenders after it fell into administration three months ago, could require access to additional borrowing facilities as soon as this autumn, Sky News reported. Read more: Debenhams [...]
The new A35 isn’t Mercedes-AMG’s hottest hatchback, but it certainly isn’t tepid July 16, 2019 The hot hatch has reached boiling point. Very soon, Mercedes will reveal a new AMG A45, with the most powerful four-cylinder engine ever. Its scorching 416hp bests a 288 GTO – Ferrari’s mid-1980s poster car – in a game of Top Trumps, and may well get from 0-62mph in less than four seconds. A supercar-slaying [...]
It’s not just cricket – finance and friendship underpin Britain’s bond with India July 16, 2019 The deep love of cricket that the UK and India share was clearly on show last week. But our relationship goes much further than just a passion for sport. It is a family affair, with parents and children, brothers and sisters living, working and moving between our two great nations. It is no surprise then [...]
Sports Direct’s share price plunges as it delays results amid House of Fraser uncertainty July 15, 2019 Shares in Mike Ashley’s Sports Direct dived this morning after the firm pushed back the publication of its financial results. The retailer blamed the delay on troubles in its recently-acquired House of Fraser business along with increased regulatory scrutiny over auditor Grant Thornton’s inspection of its books. Read more: Sports Direct expected to post 20 [...]