The locks lowdown September 17, 2012 FASHION moves so fast it is often hard to keep up. Gone are the days of the mods and rockers, collections being shown in the spring and the spring/summer 2013 collections having been broadcast across London only in the last few days, it all becomes very confusing. Should we be wearing autumn styles now or [...]
JJB carve up set to give the lion’s share to Sports Direct September 16, 2012 THE SALE of doomed sports retailer JJB is set to be completed early this week, with the biggest slice of the firm’s 180 UK stores to go to Mike Ashley’s Sports Direct. Sources close to the deal said last night that the sale to Sports Direct, being handled by KPMG, was nearing completion although talks [...]
What the other papers say this morning September 10, 2012 FINANCIAL TIMES Risky groups face outsourcing ban The performance of troubled Olympics contractor G4S will be reviewed “very carefully”, the Cabinet Office has warned, in a shake-up of outsourcing contracts across government that has already seen two IT companies struck off its list for future tenders. The department’s decision to look at G4S’s record comes [...]
Ashley’s payout plan is rejected by shareholders September 5, 2012 SHAREHOLDERS in Sports Direct yesterday rejected a proposed “super-stretch” scheme that could have netted its founder Mike Ashley a multi-million pound bonus. Under the proposals tabled at yesterday’s annual general meeting Ashley would have received 8m shares worth around £25m at yesterday’s share price if the retailer hit a series of targets over the next [...]
Analyst Views | Were Sports Direct’s results in line with expectations? September 5, 2012 PHILIP DORGAN PANMURE GORDON Knock-out numbers from Sports Direct. It has clearly fully-capitalised on the opportunities that the summer of sport has presented. We remain ‘Buyers’, with a target price of 350p. We think that there is also a danger that it could become an internet stock, as online penetration races to 20 per cent [...]
FTSE 100 opens lower on weak economic data September 5, 2012 The index fell in early trading, as investors were cautious on sluggish economic data. A contraction in US manufacturing, following a production slowdown in China, meant shares were little changed ahead of the European Central Bank’s monthly meeting tomorrow. Oil firms and miners clustered in the fallers, with natural resources group Bumi leading the pack, [...]
Coalition 2.0 September 4, 2012 PM reshuffles cabinet but no shift in key policies Change at Transport, NHS, Culture and Justice Boris attacks Cameron over Heathrow expansion DAVID Cameron last night put the finishing touches to his first ministerial reshuffle, with sweeping changes to the lower ranks but with most top cabinet members remaining in place. Despite changing dozens of positions [...]
The Tipster | WM Morrison may get shopped September 3, 2012 THIS week, supermarket chain WM Morrison will announce its latest half-year numbers for 2012. Expectations are for a decline as a result of fiercer competition in its northern heartland. CMC Market’s price on WM Morrison is 276.97-277.63p. Transport firm Go-Ahead reports full-year figures on Thursday, and the general expectation is that the trains and buses [...]
UK focus on ECB meeting outcome September 2, 2012 THURSDAY will be the highlight of the week for economists, with all eyes on results of the European Central Bank policy meeting. While the market waits to hear the latest plans to fix the Eurozone’s debt problem, the Bank of England will also be announcing its latest interest rate decision and asset purchase plan. However, [...]
BT to sell stake in Indian tech firm August 29, 2012 BT is to sell about five per cent of Indian IT service provider Tech Mahindra for about $100m (£63m), two sources with direct knowledge of the situation said yesterday. The UK telecoms company is selling Tech Mahindra shares in the price band of 735 rupees (£8.3) to 790 rupees each, the sources said, a discount [...]