Bye bye Byers: Top Sports Direct executive leaves Mike Ashley’s firm July 2, 2019 A veteran executive at Mike Ashley’s Sports Direct is leaving the high street retailer after working at the firm for nearly three decades. One of the retail tycoon’s closest confidantes at the business, Karen Byers, is stepping down as a senior director with immediate effect. Read more: Sports Direct hits back at Goals Soccer Centres [...]
Sports Direct hits back at Goals Soccer Centres after heated AGM June 30, 2019 Mike Ashley’s Sports Direct has escalated its war of words with Goals Soccer Centres just days after coming to blows with one of the troubled firm’s directors at a tense investor showdown. The retail tycoon’s sportswear firm has launched a bombastic attack on a senior figure at the five-aside football operator today, having made a [...]
French Connection extends sale deadline June 28, 2019 French Connection has extended the deadline to complete a sale as the retailer confirmed it was in talks with a number of interested parties. The fashion brand had expected to close the deal in the first half of this year but has now pushed the date back to September. Read more: Sales fall again at [...]
Leicester Tigers are up for sale as Premiership Rugby enters new era following CVC investment June 25, 2019 On Monday, Coventry City owner Joy Seppala claimed that Premiership rugby clubs had “topped out” and reached their full potential, in reference to Wasps, who she believes want to buy her League One side. But Tuesday’s news that Leicester Tigers have launched a formal sale process following a string of interested investors, shows a clear [...]
Dunelm shares: Upgrade cycle not over June 25, 2019 By Graeme Evans from interactive investor Up 70% already in 2019, this quality operator is well-fancied and tipped to keep outperforming. Dunelm (LSE:DNLM) continues to defy expectations after another profits upgrade extended the home furnishing chain’s remarkable share price rally for 2019 to a whopping 81%. One of the stand-out performers in the FTSE 250 index so far this [...]
Game recommends Sports Direct takeover offer June 21, 2019 Game has recommended shareholders approve a £51.9m takeover offer from Sports Direct. The company said Mike Ashley’s offer of 30p per share represents a “fair value” for the group. Read more: Mike Ashley’s Sports Direct lines up game takeover Game said the takeover would help it drive forward its esports initiative Belong Gaming Arenas. However, [...]
Chance to buy one of the world’s largest retailers cheaply June 20, 2019 By Rodney Hobson from interactive investor. After a temporary technical hitch, this highly resilient company should soon shake off the blip. Rodney Hobson is an experienced financial writer and commentator who has held senior editorial positions on publications and websites in the UK and Asia, including Business News Editor on The Times and Editor of Shares magazine. He [...]
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 [...]