Sports Direct hires finance chief 18 months after Bob Mellors exit June 4, 2015 SPORTS Direct yesterday named an insider as interim chief financial officer after leaving the post vacant to the concern of shareholders for over 18 months. Matt Pearson, Sports Direct’s group financial controller, who joined the retailer from EY in 2007, has been promoted to the board with immediate effect. The retailer, controlled by Newcastle United [...]
David Beckham blasts “despicable, unacceptable” Fifa and calls for change June 4, 2015 David Beckham has slammed Fifa over the "despicable" allegations of corruption which have dogged the organisation in recent days. Read more: US Fifa investigation includes 2018 and 2022 World Cups The former England captain – a key figure in the country's failed 2018 World Cup bid – celebrated president Sepp Blatter's announcement that he intends [...]
Mike Ashley’s Sports Direct hires Matt Pearson as new finance boss after 18 months… but he’s only “acting” June 4, 2015 It's taken 18 months and some serious shareholder pressure, but Sports Direct has finally appointed a new finance boss… although only on an interim basis. The Mike Ashley-owned retailer has today promoted Matt Pearson to the role of acting chief financial officer with immediate effect. He also joins the board. Pearson was group [...]
Fifa sponsors celebrate Sepp Blatter resignation: Coca-Cola, Visa, McDonald’s, Budweiser, Adidas and Hyundai all welcome move June 3, 2015 Fifa's sponsors have breathed a sigh of relief following Sepp Blatter's surprise decision to resign as president. Blatter's stepping down follows a week of scandal for football's under-fire governing body after a number of top officials were arrested on charges of racketeering, wire fraud and money laundering. Read more: UK directors tell Fifa backers to speak [...]
FBI target Blatter as Fifa kingpin quits at last June 2, 2015 President calls time on 17-year reign amid corruption probe BESIEGED Sepp Blatter is believed to be under investigation by the FBI after shocking football by suddenly quitting the presidency of scandal-hit world governing body Fifa yesterday. Blatter, 79, brought an abrupt end to his 17-year reign with a hastily-convened speech, saying he did not feel [...]
Rangers’ finances “more positive” but club must increase season ticket sales and focus on youth June 2, 2015 Rangers' miserable 6-1 reversal to Motherwell on Sunday means the Glasgow giants have failed to win promotion for first time since the new Rangers company re-started life in the third division in 2012, and will play outside of the Scottish Premier League for at least another season. Read more: Four things you need to know from [...]
Rangers’ finances “more positive” but club must increase season ticket sales and focus on youth June 2, 2015 Rangers' miserable 6-1 reversal to Motherwell on Sunday means the Glasgow giants have failed to win promotion for first time since the new Rangers company re-started life in the third division in 2012, and will be kept out of the Scottish Premier League for at least another season. Read more: Four things you need to know [...]
Mike Ashley adds MegaValue.com high street store to Sports Direct business June 1, 2015 Mike Ashley rarely sits still. With his ownership of the beleaguered Newcastle United dominating the headlines, the Sports Direct owner has quietly added a new high street business to his interests. Read more: Rangers and Sports Direct boss Mike Ashley has too much power, says IoD The subtly-titled MegaValue.com is a new discount store that recently appeared [...]
Sports Direct scores extra points on profits May 28, 2015 SHARES in Sports Direct were quick off the mark yesterday after Mike Ashley’s sports retail empire said full-year profits were running ahead expectations. In an unscheduled update ahead of its annual conference for staff yesterday, Sport Direct said earnings for the year to 26 April would come in at £380m, roughly in line with market [...]
Disappointing UK growth data offset by strong trading – London Report May 28, 2015 BRITAIN’S top share index outperformed pan-European equities yesterday despite disappointment over first-quarter UK growth data, thanks to some positive trading updates and an improving corporate earnings outlook. The FTSE 100 index closed 0.1 per cent up at 7,040.92, compared to a 0.6 per cent fall on the pan-European FTSEurofirst 300 index that took a hit [...]