‘No justice’: Mike Ashley voices anger as Debenhams thwarts his takeover bid March 29, 2019 Mike Ashley has railed against Debenhams’ move yesterday to thwart his takeover offer, saying “if there were any justice in the world the majority of the advisors would be put in prison”. Read more: Debenhams bondholders back £200m rescue loan in blow to Ashley bid The billionaire owns a 30 per cent stake in the department [...]
Bondholders back Debenhams for £200m restructuring loan in blow to Mike Ashley bid March 28, 2019 Debenhams moved one step closer to carrying out its major restructuring plan this morning after revealing that it has secured the support of bondholders. In what could be a major blow for retail tycoon Mike Ashley, who is currently mulling his own bid to buy the company and prevent his 30 per cent stake from [...]
Facebook set to snap up Debenhams HQ as embattled retailer surrenders lease March 28, 2019 Facebook has agreed to swoop up new office space left empty by troubled department store chain Debenhams, which is vacating its West End HQ to help pay off a mounting debt pile. Read more: Debenhams bondholders back £200m rescue loan in blow to Ashley bid The tech giant, which which has been ramping up its [...]
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 [...]