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 [...]
Mike Ashley’s Sports Direct share price rises after raising profit outlook May 28, 2015 Sports Direct's share price shot up more than four per cent ahead after upping its profit forecast for its most recent financial year, ahead of its AGM today. The sportswear retailer's employees and major third party suppliers will gather to hear updates on the group's current and future performance, raised its profit and earnings outlook for [...]
From Thomas Cook to the Prosecco shortage: Here’s what got us talking this week May 22, 2015 There was a bomb. There was an earthquake. And there was, very nearly, a nation-wide rail strike. Here's what got us talking this week. 1. Panic stations over Prosecco and…er… eggs We don't know which is worse. Well of course we do. Still a global egg shortage is pretty alarming. But cards on the table, [...]
Bangalore: India’s most livable city and the fast-track to its vibrant tech-filled future May 17, 2015 If Old Delhi is the crumbling emblem of India’s imperial past and Mumbai is the pounding heart of its contemporary popular culture, Bengaluru (anglicised as Bangalore) and Chennai are the country’s fast track to the future. The former, and less often the latter, are nicknamed the Silicon Valley of India on account of their thriving [...]
Apple Watch review: It’s not perfect, but it’s still the best smartwatch out there May 14, 2015 The most hotly awaited device of the year bears all the hallmarks of the Cupertino company. Apple is the master of selling products that nobody knew they wanted. A phone with a computer in it? Yeah, you’re going to want that. A massive version of a phone that doesn’t make calls? Trust us. But a [...]
Mike Ashley wants Rangers to return £5m loan May 13, 2015 Mike Ashley wants his cash back. The Rangers shareholder has requested the club's board call an extraordinary meeting to pay back his £5m loan and explain why Rangers have been delisted from the Aim stock exchange. In a letter acquired by The Daily Record, Ashley has told the new Rangers board to hold a meeting [...]
Fantasy football: Can BT’s dreams of boosting growth come true? May 7, 2015 The telecom’s move into TV sports gained credibility from its £900m deal to broadcast the Champions League, but it is not without problems BT BOSS Gavin Patterson didn’t waste any time in making his presence felt at the top of the FTSE 100 company when he was appointed chief executive in 2013. Just two months [...]
Police raid Mike Ashley’s offices in probe of ex-Rangers owners May 6, 2015 SCOTTISH police have raided Mike Ashley’s Sports Direct top office as part of a two-year probe into two takeovers of Rangers football club. Mike Ashley owns an 8.6 per stake in Rangers, whose previous owners Craig Whyte and Charles Green are the subject of the investigation that led police to Sports Direct’s Derbyshire base. In [...]