Sports Direct share price drops by 10 per cent as growth slows and questions mount over working conditions December 10, 2015 Discount sports retailer Sports Direct has had one of its worse days on record, with its share price closing down over 10 per cent last night, wiping hundreds of millions of its market capitalisation. The sell off was due to a double whammy of missing analyst expectations for growth and further questions over staff working [...]
At the close: FTSE 100 index closes down on Sports Direct, Old Mutual December 10, 2015 The FTSE 100 index slid in Thursday's trading despite gains by Glencore as both Sports Direct and Old Mutual tumbled. The index closed 0.63 per cent down at 6,088 points. Sports Direct slumped after Mike Ashley's retailer posted underwhelming first half results and the company was criticised for staff working conditions. Group revenue ticking up 0.1 per cent to £1.43bn, [...]
FTSE 100 index opens flat weighing Glencore gains against Sports Direct losses December 10, 2015 The FTSE 100 index opened flat this morning, weighing gains made by Glencore and losses in Sports Direct and Old Mutual The UK's top blue-chip index opened 0.44 per cent down at 6,099 points. Old Mutual dropped 4.61 as the market opened, to 186.2p per share, while Sports Direct's share price fell 6.69 per cent to 621p [...]
Sports Direct share price falls as Mike Ashley’s retailer posts underwhelming first half results December 10, 2015 Sports Direct's share price fell this morning after reporting underwhelming first half figures. The figures The Mike Ashley-owned retailer had a solid six months to 25 October, with group revenue ticking up 0.1 per cent to £1.43bn, while underlying pre-tax profit rose 3.6 per cent to £166.4m and EBITDA rose 7.6 per cent to £218.5m. [...]
ESports firm Azubu raises £40m to fund global expansion December 9, 2015 ESports entertainment network Azubu is hoping a new €55m (£39.9m) round of investment will help it expand its global presence. The financing, led by London-based Sapinda Group and Sallfort Privatbank of Switzerland, signals further investment into the new eSports markets. Read more: Pro video gaming in the UK attracts almost 60m views Azubu will also use the [...]
FTSE 100 hoping for festive cheer to follow European Central Bank’s Mario Draghi – London Report December 6, 2015 Following widespread market disappointment last week after the European Central Bank came in at below expectations with its interest rates and monetary easing policy, this week the big macro-economic numbers to look out for are coming from China We’ll get the country’s trade balance and then consumer price inflation figures tomorrow. Back here in Britain [...]
Fifa corruption: Brazil and Argentina football chiefs bribed to pick best players in Copa America December 4, 2015 The corruption uncovered within the heart of international football has so far been limited to business contracts and tournament voting – yet new charges from US officials suggest its rotten influence could even extend to the action on the pitch. Among the multitude of corruption charges levelled against current and former Fifa executives in the [...]
FTSE falters as Draghi drags on Europe markets – London Report December 4, 2015 THE FTSE 100 index closed lower yesterday, alongside other European indices, after the European Central Bank’s (ECB) measures disappointed markets. The index closed down 2.27 per cent, at 6,275 points, while the German Dax ended 3.58 per cent lower at 10,789.24 points and France’s Cac 40 also finished 3.58 per cent down at 4,730.21 points. [...]
Gary Neville on Valencia move: “I’ve been on TV for a few years now; the time was right to stand up” December 3, 2015 Valencia head coach Gary Neville accepted a surprise move to Spain because he felt ready to leave the comfort of the television studio for the crucible of the dugout, he said on Thursday. The former Manchester United and England defender was appointed to his first managerial role on Wednesday by the La Liga club and [...]
At the close: FTSE 100 closes down after the European Central Bank is more dovish than expected December 3, 2015 The FTSE 100 index closed lower on Thursday, alongside other European indices, after the European Central Bank's (ECB) measures disappointed markets. The index closed 2.27 per cent down, at 6,275 points, while the German Dax ended 3.58 per cent lower at 10,789 points and France's CAC 40 shut 3.58 per cent down at 4,730 points. The [...]