DEBATE: Could Mike Ashley be the answer to Debenhams’ woes? March 28, 2019 Could Sports Direct boss Mike Ashley be the answer to Debenhams’ woes? John Phillips, general manager (EMEA) of Zuora, says YES. Reversing the fortunes of Debenhams would provide any new boss with a challenge – it is in dire need of modernisation. But Mike Ashley could well be the right man for the job. He has [...]
Cricket’s growing trend? How the success of Twenty20 leagues could lead to a rise in white-ball only contracts March 27, 2019 It’s been over a year since Adil Rashid sparked debate across the cricket world – not with a spinning delivery, but by signing a piece of paper. The England leg-spinner drew criticism after turning his back on first-class cricket by agreeing a white-ball only contract with his county Yorkshire in February 2018. Read more: Meet [...]
Footwear chain Dune tables offer to save struggling retailer LK Bennett March 27, 2019 Footwear chain the Dune Group has tabled an offer for LK Bennett as the struggling fashion retailer’s administrators prepare to select a buyer. Dune, which operates 40 standalone stores and 175 concessions in the UK, was one of a handful of potential buyers to submit final bids earlier this week, Sky News reported. Read more: [...]
London-listed Goals Soccer Centre suspends trading due to historical accounting errors March 27, 2019 London-listed football pitch operator Goals Soccer Centres has suspended trading in its shares following a “substantial misdeclaration of VAT” totalling approximately £12m. In a statement released this morning, the company – which counts Sports Direct as its biggest shareholders – said that “historical accounting errors” meant it could not be clear on its exact financial position, [...]
Debenhams shares skyrocket as Sports Direct mulls £61.4m bid March 27, 2019 The future of Debenhams is up in the air this afternoon as Mike Ashley battles with creditors to take control of the embattled department store chain. The Sports Direct boss and retail tycoon, who owns a near 30 per cent stake in Debenhams, revealed yesterday that he was mulling a £61.4m bid to take full [...]
Huawei’s latest handset, the P30 Pro brings true telephoto photography to smartphones March 26, 2019 Following months of speculation and a number of leaks, Huawei has announced its new P30 and P30 Pro Android smartphones at a launch event in Paris today. The latest flagship in the Chinese firm’s photography-focused phone series sports a slew of cutting-edge new camera features. The P30 Pro includes an improved 40MP sensor as part of [...]
Moss Bros wipes out dividend as it swings to a loss after ‘extremely challenging’ year March 26, 2019 Historic men’s tailoring firm Moss Bros moved into the red this morning, blaming a turbulent trading environment for its first losses in almost a decade. Shares tumbled more than five per cent in early morning trading. Read more: Joules boss Colin Porter to take on role as Moss Bros chairman The figures In its preliminary [...]
Debenhams shares soar as Mike Ashley’s Sports Direct considers offer March 26, 2019 Debenhams has doubled down on its major restructuring strategy this morning, saying that it will continue with its plan to obtain funding hours after Sports Direct revealed it was mulling a bid for the embattled department store chain. Read more: Sports Direct mulls cash offer for Debenhams Last night Mike Ashley’s sportswear firm said that [...]
Montenegro 1-5 England: Ross Barkley and Raheem Sterling star but five-star visitors’ win marred by reports of racism March 25, 2019 For so long Ross Barkley has been defined by his potential, rather than his output for England. Tonight in Montenegro he finally delivered. It’s been a productive 2019 for the central midfielder, with his January 2018 transfer from Everton to Chelsea now paying off with a sustained run in Maurizio Sarri’s side. And after an [...]
Sports Direct mulls cash offer for Debenhams as Ashley looks to seize control March 25, 2019 Sports Direct has said it is considering a bid for Debenhams just hours after owner Mike Ashley branded the troubled department store’s rescue plan “unworkable”. The retail tycoon’s firm said in a statement after close this evening it was weighing up an offer for the firm “alongside other options”. It said the bid would likely [...]