Public Register: Investors have published their FTSE naughty list of companies with the angriest shareholders December 19, 2017 This year has been punctuated by shareholder rebellions in businesses from WPP to Persimmon to the boardroom battle currently raging over the ousting of London Stock Exchange boss Xavier Rolet. But now shareholder anger at FTSE bosses’ pay packets has been dragged into the spotlight again, after the Investment Association launched its “naughty list” of [...]
Rangers shareholder Kieran Prior urges chairman Dave King to fight Mike Ashley over Sports Direct retail deal February 6, 2016 Rangers shareholder Kieran Prior, a former Goldman Sachs trader with a reported IQ of 234, has urged club chairman Dave King to continue his legal battle with Mike Ashley's Sports Direct. Prior believes King should seek to terminate the Rangers Retail joint venture with Sports Direct in court as soon as possible, should the FTSE [...]
Sports Direct share price rises on news of independent corporate governance review September 20, 2016 Sports Direct's share price has risen on news the embattled retailer has bowed to calls from investors for an independent review of corporate governance and working practices. The retailer initially insisted on using its own law firm, RPC, to conduct the review – but has now said it is willing to make it completely independent. The retailer's [...]
Royal London attacks Sports Direct over corporate governance issues ahead of AGM September 4, 2016 Two major investment firms are set to join a revolt against Sports Direct’s corporate governance at a crunch AGM on Wednesday. Royal London and Hermes will vote against several board appointments. Royal London Asset Management, which owns a £2.75m stake in the retailer, also pushed Sports Direct to commission an independent external review into its working practices. The [...]
Sports Direct boss Mike Ashley agrees to meet MPs for first time as he attempts to “set the record straight” over working conditions at Shirebrook February 17, 2016 Sports Direct boss Mike Ashley has agreed to meet MPs for the first time, in an attempt to head off ongoing criticism of his company's working practices. Ashley has invited politicians to the retailer's Shirebrook HQ in Derbyshire to "set the record straight", the Mirror reports. Shirebrook has been the focus of much ire in recent months, [...]
Mike Ashley’s Sports Direct hits back after facing defeat in Findel shareholder vote December 21, 2015 Sports Direct has lashed out at Findel after shareholders today overwhelmingly voted against appointing one of its representatives to the board. In a fiery statement issued this evening, the company said the combination of Sports Direct's retail expertise and having Ben Gardener as a board director "would have added value to Findel for the benefit of all of its [...]
Sandwichgate: Sports Direct hits back at MPs claims saying they overshadowed the happiness of Shirebrook workers November 8, 2016 Sports Direct's share price plummeted over three per cent after responding to the sensational allegations from MPs that its staff spied on a private meeting of MPs from the business select committee. "The Board would like to make it clear that it did not authorise or have any knowledge of the possible recording device," Sports Direct said [...]
Rangers £5m loan from Mike Ashley’s Sports Direct on verge of being repaid December 18, 2015 Rangers are in the final stages of paying back an outstanding £5m loan to Mike Ashley's Sports Direct retail company, director Paul Murray has confirmed. Ashley made a £5m loan to the club in January when his associates Derek Llambias and Barry Leach were on the board. Initially, the new board opted not to repay [...]
London School of Economics lecturer to divorce actor husband September 20, 2016 Angelina Jolie, a lecturer at a respected London university – and Oscar-winning actress – is set to divorce her husband, according to reports. Jolie, who was appointed as a visiting lecturer at the London School of Economics in May and is a good friend of former Tory leader William Hague, filed for divorce from actor husband [...]
The Investor Forum doesn’t want any more “quick fixes” from Sports Direct September 9, 2016 Influential shareholder group the Investor Forum has said today that Sports Direct "can't have any more quick fixes" in its bid to reform its corporate governance. Phineas Glover, senior adviser at the Investor Forum, said a meeting with Sports Direct's founder Mike Ashley on Wednesday – after the company's AGM – was the "frankest exchange of views [...]