London Report: FTSE 100 lifted by Sports Direct and Shire talks July 14, 2014 BRITAIN’S top equity index rose for a second straight day in thin trade yesterday, helped by rises in bid-target drugs firm Shire and retailer Sports Direct. Shares in Shire hit a record high of 5,045 pence – before paring back gains into the close – after its board said it was ready to recommend a [...]
Ashley’s Sports Direct plans on Australia launch July 14, 2014 Sports Direct is set to make its first foray into Australia through a tie-up with MySale after buying a stake in the flash sales site last month. The sports retail giant, controlled by billionaire tycoon Mike Ashley, plans to open three stores in Australia and one in New Zealand through a joint venture with MySale. [...]
Brand Index: Ashley’s Sports Direct has found the sweet spot among shoppers July 8, 2014 IN RECENT days, shareholders of Sports Direct have finally approved the retailer’s bonus scheme, after years of turning down the firm’s plans to reward founder and deputy chairman Mike Ashley. This award that could potentially see Ashley and up to 3,000 employees share £200m in equity, as long as profits double by 2019. Ashley himself [...]
Ashley finally set for Sports Direct bonus July 2, 2014 SPORTS Direct triumphed yesterday in pushing through a multimillion-pound bonus share scheme for founder Mike Ashley despite vehement opposition from several shareholder groups. The retail giant’s third attempt at rewarding Ashley, who did not vote, was backed by 60.4 per cent of investors – overcoming opponents to the scheme such as Scottish fund manager Standard [...]
Directors join row over Mike Ashley’s Sports Direct bonus July 1, 2014 British directors yesterday slammed Sports Direct’s plans to hand founder Mike Ashley a multimillion-pound share bonus, which this morning is facing a crunch shareholder vote. The Institute of Directors’ rare attack on Sports Direct criticised “weak governance” from the company’s board over the pay plans. But the retailer last night remained confident of passing the [...]
Pensions body opposes Sports Direct pay plan June 30, 2014 SPORTS Direct faced further calls yesterday to withdraw its proposed bonus scheme to reward its founder Mike Ashley, ahead of a planned shareholder meeting tomorrow. Local Authority Pension Fund Forum (LAPFF) said it had urged its members to vote against the 2015 bonus share scheme, joining similar calls from the Association of British Insurers and [...]
Sports Direct confirms no deal for Office June 30, 2014 Sports Direct has confirmed that it is not considering an acquisition of footwear retailer Office. The FTSE 100 company said recent speculation over a possible deal was "unhelpful to the customers, staff, suppliers and other stakeholders of both companies". The board of the UK sports retailer has had its fair share of concerns over past [...]
Sports Direct fears third bonus defeat June 30, 2014 SPORTS Direct’s third attempt to reward its billionaire founder Mike Ashley looks set to fail this week after three major shareholder bodies publicly urged investors to vote against the latest bonus scheme. The sports retail giant could decide to call off Wednesday’s shareholder meeting if the proxy votes – due in today – indicate that [...]
Mike Ashley’s Sports Direct swoops on MySale stock June 18, 2014 Mike Ashley’s Sports Direct yesterday snapped up a 4.8 per cent stake in online fashion site MySale just a day after a pricing error caused shares to tank on its stock market debut. MySale plunged 27 per cent on Tuesday after the share price was listed as 2.26p instead of 226p, leading trading programmes to [...]
Sports Direct investors attack new bonus plan for Mike Ashley June 9, 2014 Sports Direct shareholders lashed out yesterday, claiming they had not been consulted on the latest proposal for a bonus share scheme that seeks to reward its founder Mike Ashley. The retailer has set out plans for a share programme that would reward Ashley alongside Sports Direct’s 3,000 employees, after shareholders rejected two earlier attempts to [...]