Mike Ashley to relinquish director role on Frasers’ board September 20, 2022 Frasers Group founder Mike Ashley will relinquish his role as a director on the Sports Direct owner’s board. Ashley will not be standing for re-election as a director at the high street giant’s Annual General Meeting, Frasers announced on Tuesday. The former CEO, who handed the reins of his retail empire over to son-in-law Michael [...]
Will the UK lead the way in embracing crypto assets and blockchain? September 17, 2022 Sean Kiernan discusses the challenge of finding a balance between regulation and opportunity for the UK and crypto.
Frasers bid for majority stake in Aussie fashion marketplace MySale rejected September 16, 2022 Frasers’ bid to become the largest shareholder in Australian fashion marketplace MySale has ben rejected. Mike Ashley’s fashion empire Frasers, which also owns Sports Direct, offered to buy a 28.7 per cent stake in the company at 2p per share in late June. The offer was the minimum price Frasers could have offered MySale, which [...]
Ed Warner: How to solve the Hundred and help county cricket with private money September 15, 2022 The Hundred isn’t going away, whatever diehard cricket traditionalists might wish. It’s been cemented into the English calendar until at least 2028 by a television deal finalised just before the arrival of the England and Wales Cricket Board’s new chair. Richard Thompson, erstwhile arch-critic of the controversial competition, now finds his room for manoeuvre severely [...]
Eurowag admitted to FTSE250 following Frasers’ comeback to FTSE100 September 13, 2022 Eurowag was admitted today to the FTSE250 Index after Sports Direct’s owner Frasers made a comeback to FTSE100. “Having listed on the London Stock Exchange in October 2021, the inclusion in the FTSE 250 Index further highlights Eurowag’s credentials as a public company,”said Martin Vohanka, chief executive of the Czech tech platform, on Tuesday. “With [...]
Sports Direct owner Frasers makes re-entry into FTSE 100 September 13, 2022 Sports Direct owner Frasers has made a return to the London Stock Exchange’s FTSE 100. The retailer re-joined the blue-chip index on Tuesday, according to its new chief executive officer Michael Murray. In a LinkedIn post, the CEO said the “significant milestone reflects the strength of our strategy and the strong performance that Frasers Group [...]
Michael Murray: Frasers ‘increasing efforts’ to reach out to City investors September 12, 2022 The new boss of Frasers has pledged to repair relations between the retailer and the City. In an interview with The Financial Times, Michael Murray said the Sports Direct owner was “definitely going to be increasing its efforts” to reach out to investors. The retailer was presently recruiting for an investor relations manager, as well [...]
Third Point slumps as growth firms drag investment titan down September 12, 2022 London-listed investment vehicle Third Point Investors suffered a 22.6 per cent plunge in the value of its assets in the first half of the year as it weathered “one of the most challenging” periods it has faced. In a trading update today, the firm run by notorious activist investor Daniel Loeb said turbulence had caused [...]
Retail tycoon Mike Ashley joins the race for Savile Row tailor September 11, 2022 High-street tycoon Mike Ashley has reportedly joined the race to takeover Savile Row tailor Gieves & Hawkes. As first reported by Mark Kleinman for Sky News, Ashley’s Frasers Group – previously known as Sports Direct International- is now the latest bidder to join the grab for the 250-year-old Savile Row brand. It comes as Gieves [...]
London’s FTSE 100 struggles for direction ahead of Jackson Hole August 25, 2022 London’s FTSE 100 struggled for direction today driven by investors seemingly holding positions until central bankers signal at Jackson Hole how firm they will be with taming inflation. The capital’s premier index added 0.11 per cent to reach 7,479.74 per cent, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]