Shareholder groups pile the pressure on Mike Ashley as new groups speak out against the retail tycoon August 26, 2016 Fresh voices are adding to calls for a shake up at Sports Direct, with investors demanding a review of corporate governance and some shareholders even urging the retailer's founder Mike Ashley to step down from the board. Ashley has faced a volley of criticism after admitting to the Business, Innovation and Skills (BIS) select committee [...]
Football betting: History repeating with Spurs and Liverpool set to share spoils August 25, 2016 For both Tottenham and Liverpool fans, the wait for a league title is long overdue. It’s been 55 years since Spurs were champions, and the most recent of Liverpool’s 18 wins came in 1990. Neither have won since the formation of the Premier League. Both have come close in recent years – Liverpool narrowly missing out [...]
More good news for Mike Ashley – another shareholder group has said they plan to kick up a fuss at Sports Direct’s public AGM August 25, 2016 Legal & General Investment Management (LGIM) has joined calls from shareholder groups for a review of corporate governance at Sports Direct. The group said it would be voting against the re-election of non-executive directors at Sports Direct because the company "needs a stronger body of independent non-executive directors to ensure the business is run in the [...]
Sports Direct founder Mike Ashley is being scrutinised again after shareholders called for a board review August 25, 2016 Shareholder group Investor Forum today issued a statement to Sports Direct demanding an "independent and comprehensive review" of the board's governance practices. That again? Following rumours yesterday evening a statement was on its way, the group – which represents 12 per cent of share capital and 27 per cent of independent shareholders – took what it admitted was [...]
Sports Direct day: Mike Ashley is opening his company’s AGM to the public August 24, 2016 Sports Direct's founder Mike Ashley invited MPs to visit the company's Shirebrook warehouse while they were investigating working conditions at the site – and now he's inviting you too. Yes, that's right, Sports Direct is opening its annual general meeting (AGM) to the public so everyone can have a go at Ashley for paying his workers [...]
JD Sports plans takeover of rival retailer Go Outdoors as Sports Direct flounders August 21, 2016 High street retailer JD Sports Fashion is exploring a takeover of Go Outdoors in a bid to expand its dominance in fitness clothing. According to Sky News, JD Sports is one of several bidders looking to make an offer for Go Outdoors, which is being sold in an auction run by KPMG. JD Sports – which [...]
Sports Direct shareholders advised to oppose re-election of Mike Ashley to the board August 21, 2016 Sports Direct's shareholders have been advised to oppose the re-election of the company's founder Mike Ashley to the board after the retailer become embroiled in a scandal over the treatment of workers. Pensions and Investment Research Consultants (Pirc) said Ashley had been "highly criticised" by the Business, Innovation and Skills (BIS) select committee for the "appalling working [...]
City Moves for 18 August 2016 | Who’s switching jobs August 18, 2016 Red Deer Red Deer, a new London-based fintech company, has appointed Stefano Vaccino as chief product officer and Henry Price as chief commercial officer. Stefano joins Red Deer from Algomi, where he was chief product officer and a member of the executive team. At Red Deer he will oversee product strategy and manage the entire development prioritisation process. Henry joins Red [...]
Sports Direct agrees to pay back workers £1m August 15, 2016 Workers who were paid less than the national minimum wage at Sports Direct's Shirebrook warehouse will receive a pay back from the company worth an estimated £1m. The retailer was under investigation by HM Revenue and Customs (HMRC) for failing to pay warehouse workers the national minimum wage. Workers were not paid for waiting at security checks before being [...]
Emotional Jessica Ennis-Hill ponders retirement after being beaten to gold in Rio August 14, 2016 London 2012 golden girl Jessica Ennis-Hill has dropped a major hint that her silver medal-winning heptathlon performance at the Rio Olympics will mark the end of her athletics career. Ennis-Hill fell agonisingly short of defending her title on Saturday night as Belgian Nafi Thiam produced five personal bests from seven events to claim gold, aged [...]