Debenhams share price plummets despite online sales uplift January 13, 2015 The figures Shares in troubled department store Debenhams fell nearly eight per cent in mid-morning trading, despite figures published this morning suggesting it had a record Christmas. The retailer said like-for-like sales in the four weeks to 10 January rose 4.9 per cent. Particularly successful were online sales, which went up by 29 per cent. Demand [...]
Music and sports titans call for action against online ticket touts January 11, 2015 Leading figures in sports, music and theatre are calling for the better regulation of websites re-selling event tickets, claiming they simultaneously rip off fans while hurting artists and sports professionals. In an open letter to the government they called for changes to the Consumer Rights Bill, currently making its way through Parliament, which would better [...]
Mike Ashley’s USC goes into administration with hundreds of jobs at risk January 8, 2015 Hundreds of jobs could be lost at Mike Ashley's fashion chain USC after filing a notice of the intention to appoint receivers at the High Court yesterday. A third of USC's 90 stores, which are believed to employ 1,000 staff are set to close. On Wednesday morning, dozens of staff at the USC warehouse in [...]
UK car sales hit 10-year high in 2014: High consumer confidence and boost to industry January 7, 2015 The number of new cars sold in the UK reached a 10-year high in 2014, new figures show. Over the whole of last year 2,476,435 new cars were registered, according to figures released yesterday by the Society of Motor Manufacturers and Traders (SMMT). It was the fourth-best year of all time regarding the [...]
Takeovers kick off with Rangers bid – Editor’s Letter January 5, 2015 Football is a funny old game, and a funny old business too. Yesterday, just as one Glasgow Rangers director made the club a £500,000 emergency loan to keep it in business, the famous old institution became one of the first companies of this New Year to become subject to a City takeover bid. The [...]
Oldham stall on Evans as outcry over deal grows January 5, 2015 OLDHAM chiefs last night refused to rule out the signing of former Wales striker and convicted rapist Ched Evans despite a deluge of outcry at the proposed move. The League One club said it would “conduct due diligence with regard to any decision we make on this matter”, while their manager Lee Johnson called it [...]
Oldham Athletic face sponsor exodus should club re-sign convicted rapist Ched Evans January 5, 2015 Two sponsors of Oldham Athletic have threatened to end their association with the football club should they sign convicted rapist Ched Evans. Former Wales international Evans has been linked with a return to football with the Greater Manchester club after being released from prison in October having served half of a five-year sentence for [...]
New Year weight loss holidays: These getaways prove the January detox doesn’t always have to be depressing January 4, 2015 Forget crash diets and spin-classes. From running in Tallinn to blissing out in Sri Lanka, this is how to work off that festive flubber in style. Overindulged this Christmas? Did making merry take its toll on your belly? These travel tips combine the nations’ favourite January past times, detoxing and booking holidays, so you can [...]
Somers survives protest vote as Rangers announce share placing December 22, 2014 RANGERS chairman David Somers survived a major protest vote from investors yesterday, as the club’s board announced it would launch a new share issue to raise much-needed funds. At the beleaguered Scottish football team’s annual general meeting yesterday only 61 per cent of shareholders voted for David Somers’ reappointment, illustrating investor frustration with the board [...]
Christmas comes early in the Singleton house: Sports Direct non-executive director gives wife £244,300 in shares December 22, 2014 A non-executive director at Sports Direct has given £244,300 worth of company shares to his wife “by way of gift”. In a company announcement made earlier today, the British retailing group revealed that David Singleton gave 35,000 of the shares to Elizabeth Singleton. The shares, each worth 698 pence, were held beneficially by him. [...]