Sports Direct launches legal challenge to Debenhams restructuring plan June 11, 2019 Retail tycoon Mike Ashley has launched an audacious legal challenge to stall the turnaround plan at Debenhams, reigniting a bitter feud for control of the high street retailer. The embattled department store chain confirmed today that it has received challenges to its company voluntary arrangements (CVA) from parties including Sports Direct, the budget sportswear retailer [...]
Stoffel Vandoorne interview: Belgian on his Formula One nightmare, Formula E and making his Le Mans debut this week June 11, 2019 Upon joining McLaren’s junior driver programme in 2013 Stoffel Vandoorne moved a step closer to achieving the dream of every young racing driver: becoming a Formula One world champion. When he was installed as McLaren’s test driver in 2016 and then Fernando Alonso’s team-mate in 2017, it seemed that perhaps the hardest part of the [...]
Mike Ashley’s Sports Direct lines up Game takeover June 5, 2019 Mike Ashley is set to lodge a bid for Game Digital, as the retail tycoon’s spending spree shows little sign of slowing down. Sports Direct, which already owned a 20 per cent holding in Game, has launched a takeover offer for the gaming firm after upping its stake in the group to roughly 38 per [...]
Findel posts surge in full-year profit as it unveils name change June 5, 2019 Home shopping company Findel has posted a sharp rise in profit and unveiled a new brand name, just weeks after it fended off a takeover bid from major shareholder Sports Direct. Pre-tax profit jumped 33 per cent to £29.4m in the year to the end of March, while revenue rose 5.7 per cent to £506.8m. [...]
Crackdown on junk food adverts ‘will damage’ broadcasters and advertisers June 3, 2019 The government’s plan to crack down on junk food TV advertising is an “irrelevant symbolic gesture” that will damage business for broadcasters and advertisers, a damning new report has warned. Media research firm Enders Analysis said plans to ban TV adverts for unhealthy food will not tackle the issue of childhood obesity and will cause [...]
Investors given second chance to buy a piece of Star Wars May 30, 2019 By Rodney Hobson from interactive investor. This iconic brand has rewarded shareholders handsomely, and could do again, argues our overseas expert. Investors could be forgiven for thinking they had missed their chance to buy into The Walt Disney (NYSE:DIS) when the shares shot up 10% one April day, and then went on to set new [...]
Cricket Betting Tips: Steyn’s absence can see England start tournament in winning fashion May 29, 2019 IT IS often the case that the first match of a major sporting event turns into a bit of a damp squib. In tournaments like the football World Cup, it is rare that we get to see two leading nations take each other on early in the competition. However, fans are in for a real [...]
WH Smith is the UK’s worst high street store, say shoppers May 29, 2019 WH Smith is the worst of all UK high street stores, according to a survey of British shoppers published today. Read more: Ranked: The top 15 retailers to work for The stationery provider got the worst rating of 100 retailers, with just 50 per cent of customers expressing satisfaction based on factors such as quality of [...]
Sports Direct HQ sold to Malaysian pension fund for £120m May 28, 2019 Mike Ashley’s Sports Direct has confirmed the freehold sale of its headquarters to a Malaysian pension fund. The sportswear retailer, which will continue to occupy the building on a 15-year lease, said this morning that it has sold its logistics centre to Kwasa Logix Sportivo for more than £120m in cash. Read more: Debenhams versus [...]
Football’s most lucrative match stagnates in value amid Premier League rights growth slowdown May 22, 2019 The Championship play-off final, which takes place on Monday at Wembley and pits Aston Villa against Derby County for the last remaining spot in next season’s Premier League, is well established as the most lucrative one-off match in the world of club football. Worth an estimated minimum of £170m to the victors – 10 times [...]