Adidas’ share price is fighting fit after German retailer ups its income guidance March 8, 2017 Adidas' share price has jumped over seven per cent in morning trading after the company posted income growth over the €1bn (£870m) mark and increased its income guidance. The figures In Western Europe, Adidas' biggest market, sales increased by 17 per cent in 2016, growing to €5.29bn from €4.54bn the year before. Net income for the group jumped 51.2 [...]
Mike Ashley wants you to know something about his Agent Provocateur takeover March 7, 2017 Sports Direct founder Mike Ashley's recent foray into frilly knickers may have raised eyebrows – but he wants you to know it wasn't just him who bought the lingerie retailer. In a statement today, Sports Direct clarified the £30m acquisition was made by Four Holdings, a company in which it owns a 25 per cent [...]
Land Rover Discovery review: The king of SUVs is back and it’s better than ever March 6, 2017 Land Rover started the current SUV craze. Back in 1989, it launched a model that was more road-oriented than the Sherpa-like Defender, and more affordable than the old-money Range Rover. The Discovery was born and the world was stopped in its muddy tracks. Typically, Land Rover then rested on its laurels. Since that original, there’s [...]
Chelsea enters the big league after Sadiq Khan signs off new £500m home March 6, 2017 Chelsea's £500m stadium expansion has been given the green light by Mayor of London Sadiq Khan, paving the way for a 50 per cent increase in the ground's capacity. The club, currently sitting at the top of the English Premier League, will expand within the tight constraints of its Fulham-based home. Match-day capacity at Stamford Bridge [...]
Agent Provocateur founder Joe Corre: My brand was “dropped like a pair of dirty knickers” March 6, 2017 Agent Provocateur co-founder Joe Corre has branded the £30m sale of the lingerie retailer “a scandal on many levels”. Corre, the son of iconic fashion designer Vivienne Westwood, said his brand was “dropped like a pair of dirty knickers”. Agent Provocateur was put up for sale by 3i in January. Last week, administrators Alix Partners sold the [...]
Scotland’s Aberdeen Asset Management and Standard Life are mulling an £11bn merger March 5, 2017 Two of Britain's top fund managers are in talks about one of the most significant mergers in the City for years, it has been confirmed. Aberdeen Asset Management and Standard Life have been holding talks about a merger which could valued at £11bn, Sky News first reported. The Scotland-based companies employ more than 9,000 people and [...]
Brighton & Hove Albion chief Paul Barber explains off-field strategy of a Premier League club in waiting March 4, 2017 In less than a decade Brighton & Hove Albion have evolved from a mid table League One side playing at a converted athletics stadium to fewer than 10,000 fans, to a Premier League club in waiting who call the state of the art 30,000 capacity Amex Stadium home. Brighton have been amongst the Championship promotion contenders in three of the [...]
The world-famous ski resorts of Vail and Breckenridge are enjoying huge investment. We head up into the Rockies to investigate March 3, 2017 So famous are the Back Bowls of Vail in the skiing world that, this being America, you would expect them to be trademarked. To anyone who loves the rush of downhill skiing, these giant geological saucers 3.5 kilometres up the Rocky Mountains of Colorado, are the Holy Grail of winter sports. In size and scale [...]
A pensions Green deal that needs energy to understand March 3, 2017 The Green deal: a government-sponsored scheme eventually discarded after failing to adequately explain its benefits and providing poor value to participants. I’m referring, of course, to a Tory-Lib Dem coalition energy-efficiency programme, but is it a description which applies equally well to Sir Philip Green’s £363m settlement with regulators over the pension crisis at BHS? On [...]
Sports Direct’s Mike Ashley lands Agent Provocateur deal March 2, 2017 Agent Provocateur has been snapped up by a company part-owned by retail tycoon Mike Ashley, owner of Sports Direct. Alix Partners were appointed as administrators of the company today and immediately sold it to Four Holdings, which is 25 per cent owned by Sports Direct. Ashley fought off private equity firm Lion Capital to secure the deal, and [...]