Party donors: Here are the biggest names bank-rolling the Conservative campaign May 18, 2017 As the Conservatives launched their policies today, the money behind the Tory manifesto was revealed. The Electoral Commission has published the names of party donors who have given more than £7,500 to a party between 3 May and 9 May, giving an insight into who wants Prime Minister Theresa May back in Number 10. Read [...]
Mike Ashley has finally agreed to appear in front of MPs to answer questions about Sports Direct June 5, 2016 The boss of Sports Direct, Mike Ashley, said today he will now appear in front of MPs on the business, innovation and skills (BIS) select committee to defend his company. The Sports Direct boss has been summoned due to allegations about working practices at the company's Shirebrook warehouse in Derbyshire. Ashley has been refusing to meet MPs since [...]
Newcastle relegation Mike Ashley’s annus horribilis: Here’s what’s gone wrong for the divisive Sports Direct founder May 12, 2016 Mike Ashley's year has gone from bad to worse after Newcastle United were dumped out of the Premier League for the second time in his ownership on Wednesday night. Yet Newcastle's ejection from the riches of England's top tier into the same division as Burton Albion is only the latest in a series of damaging [...]
Jonas Gutierrez suing Mike Ashley’s Newcastle United for £2m March 22, 2016 Footballer Jonas Gutierrez is suing former club Newcastle United for £2m over the way he was treated following his battle with testicular cancer. The Argentine winger, 32, has made a claim for disability discrimination under the Equality Act 2010 after he was released by the Premier League club last summer. He claims that his illness [...]
After grilling Mike Ashley about Sports Direct working practices, is it fair for MPs to demand business leaders account for themselves before Parliament? June 8, 2016 Ioannis Ioannou, associate professor of strategy and entrepreneurship at London Business School, says Yes. Yes, it is fair. To the extent that Parliament acts in good will to protect the long-term interests of society at large (as opposed to serving short-term political objectives), demanding transparency and accountability from companies that have a material impact on societal [...]
It’s City A.M.’s quite questionable quotes quiz: Who said what in 2016? December 29, 2016 It's been quite a year – but that has also given rise to some of the most outrageous business and political utterances in recent memory. Do you know your Mike Ashley from Sir Philip Green? Have you been memorising Donald Trump's Twitter rants? Test your knowledge here. [quiz id="42"]
Sports Direct owner Mike Ashley says he could save BHS, preserving thousands of jobs May 1, 2016 Sports Direct owner Mike Ashley has confirmed his plans to buy BHS are still alive. The billionaire's plans would save the chain, as well as thousands of jobs. Ashley told The Telegraph: "Any continuing interest that we have in BHS would be on the basis that we would anticipate that there would not be any job losses, [...]
Sunday Times Rich List 2017: Who topped the under-30 list, and who lost money this year? May 7, 2017 Singer Adele joined the Sunday Times Rich List of 1,000 richest people for the first time, and was the highest-ranking musician on the young rich list with a £125m fortune. Other musical millionaires on the under-30 list included Ed Sheeran, with £52m, and the boys from One Direction, who ranked higher than their former bandmate [...]
And then there was one: Sports Direct splits from top brokers January 23, 2017 Sports Direct has split from three of its brokers, announcing today that Liberum Capital would be its sole broker from hereon. The controversial retailer's former collection of brokers was made up of City heavyweights Goldman Sachs, Citi and Haitong. Haitong and Citi are both neutral on the company's shares, while, last May, Goldman Sachs stopped recommending [...]
Another year of profit losses for French Connection March 14, 2017 High street fashion shop, French Connection, has reported yet another year of losses. The figures French Connection said revenues for 2016 were £153.2m, down six per cent, compared to last year’s £164.2m. The company declared an underlying operating loss of £3.7m this year, compared to £4.7m last year. It has less cash this year and [...]