Roar POWER January 5, 2010 WHEN I returned home from taking this car for a spin around the local area, I found a post-it note stuck to my front door with a message from a friend who lives locally. “Hi V,” it read. “I realised there’s a major flaw with your job. You’re missing out on some of the best [...]
Sports Direct reported to FSA December 21, 2009 Mike Ashley’s Sports Direct is understood to have been reported to the Financial Services Authority for allegedly breaking the regulator’s rules in its attempt to buy rival Blacks Leisure. The sports billionaire, who also owns the Premier League’s Newcastle United Football Club, already faces separate investigations by the Office of Fair Trading and the Serious [...]
JJB cautious on Christmas as sales drop December 17, 2009 JJB Sports has reported a 52 per cent plunge in sales in the 20 weeks to 13 December, with the Christmas season failing to reverse its fortunes. The struggling sports retailer has been trying to stage a fight back after it came close to going into administration earlier in the year. But the latest gloomy [...]
JJB sales plunge 52% in “difficult” trading December 17, 2009 JJB sports has reported a 52 per cent plunge in sales in the past six months, with the Christmas season failing to reverse its fortunes. The struggling sports retailer has been trying to stage a fight back after it came close to going into administration earlier in the year. But the latest gloomy figures have [...]
BEST OF THE BROKERS December 15, 2009 F&C ASSET MANAGEMENT Singer Capital Markets trimmed estimates on F&C yesterday following a pre-close briefing with the company, to reflect slightly higher variable staff costs. But the broker said the share price remains at a discount within the sector after a year of strong fund performance. It kept its “buy” rating with a target price [...]
THE TIPSTER December 14, 2009 SPORTS retailer Sports Direct is continuing to do well, rising to as high as 110p last week after opening Monday’s trading session at 102p. The stock lost some ground towards the end of the week, but there could be another recovery to come in the run up to Christmas. ShortsandLongs.com has a rolling spread of [...]
SFO in Icelandic bank probe December 13, 2009 THE SERIOUS Fraud Office (SFO) is preparing to announce a formal investigation into collapsed Icelandic banks that operated in the UK. The inquiry, which will examine Kaupthing, Glitnir and Landsbanki, follows months of intelligence gathering by officials at the SFO and is expected to be announced soon. The SFO has been in close touch with [...]
THE TIPSTER TESCO COMES UNDER SELLING PRESSURE December 6, 2009 THERE’S no doubting supermarket Tesco’s market dominance nor its ability to make billions of pounds worth of profit. But its share prices has come in for a little profit taking ahead of its third quarter sales, which are due tomorrow. From a technical point of a view, the chart suggests that a head and shoulders [...]
Ashley hires new chair to Sports Direct November 24, 2009 SPORTSWEAR retailer Sports Direct, has ended its two-and-a-half year search for a permanent chairman, by appointing Keith Hellawell, the government’s former drugs tsar. The position has been vacant since David Richardson quit the post in May 2007, having decided he could not work with billionaire Mike Ashley, who owns 71 per cent of the group. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 16, 2009 FINANCIAL TIMES MOBILE MAKERS ACT TO CURB FAKE PHONESThe global mobile phone industry is trying to rein in the rapid worldwide spread of illegitimate handsets by introducing a stricter regime for the allocation of handset identification numbers. The move comes as unlicensed Chinese handset manufacturers have started flooding the world market with exports in a [...]