Sports Direct share price falls despite revenue rising 4.7 per cent July 16, 2015 The figures Shares in Sports Direct fell 0.48 per cent to 731p per share in early morning trade. The company said group revenue rose 4.7 per cent to £2.83bn in the year to April 2015, from £2.71bn in 2014. It was helped by its "sports retail" and "brands" sectors, which rose 5.5 per cent and [...]
Mike Ashley waives Sports Direct bonus July 16, 2014 Sports Direct founder Mike Ashley will not take up his bonus despite the controversial scheme gaining approval from shareholders. The retailer announced Ashley will not take up the share-based bonus in 2015 ahead of its financial results, due out tomorrow, and would not approach shareholders about any bonus until 2019. The collective £200m bonus, approved [...]
Sports Direct scores extra points on profits May 28, 2015 SHARES in Sports Direct were quick off the mark yesterday after Mike Ashley’s sports retail empire said full-year profits were running ahead expectations. In an unscheduled update ahead of its annual conference for staff yesterday, Sport Direct said earnings for the year to 26 April would come in at £380m, roughly in line with market [...]
ECI Partners cycles off with Evans Cycles May 1, 2015 The 90-year-old bike shop Evans Cycles has been sold by former owners Active Private Equity to another private equity firm ECI Partners for an undisclosed sum. ECI Partners said it will hold a "significant majority stake" in Crawley-based bike chain, which has 56 stores and employs around 1,200 people. This will leave its management with the remaining minority stake. [...]
Rangers’ finances “more positive” but club must increase season ticket sales and focus on youth June 2, 2015 Rangers' miserable 6-1 reversal to Motherwell on Sunday means the Glasgow giants have failed to win promotion for first time since the new Rangers company re-started life in the third division in 2012, and will be kept out of the Scottish Premier League for at least another season. Read more: Four things you need to know [...]
Sports Direct shares drop as M&A boss departs February 17, 2015 Sports Direct's share price was down more than four per cent this morning after it emerged that its mergers and acquisitions boss Jeff Blue is leaving the company. Blue, a former Merril Lynch banker, was hired two years ago to spearhead takeover deals for Mike Ashley's high street behemoth. He was also standing in [...]
Big Sam can come back to haunt Magpies May 21, 2015 BEN CLEMINSON PREVIEWS THE FINAL WEEKEND OF PREMIER LEAGUE ACTION ST JAMES’ PARK will take centre-stage for a dramatic final day of the Premier League season on Sunday, with Newcastle needing all three points against West Ham to ensure their safety. After a sour sacking by the Magpies back in 2008, don’t expect Sam Allardyce [...]
Mike Ashley finally lands bonus after shareholder backlash July 2, 2014 Sports Direct founder Mike Ashley has been awarded a bonus after 60 per cent of shareholders approved plans to let Mr Ashley share in a bonus scheme of up to £200m between the retailer's employees and management. However, 40 per cent of shareholders opposed the move, which was the company's third attempt in two years [...]
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 [...]
Rangers shares suspended as adviser quits March 4, 2015 FALLEN Scottish footballing giants Rangers yesterday saw trading in its shares on the Aim market suspended after the resignation of the club’s nominated adviser (nomad) WH Ireland. Unless the Championship club appoints a new nomad within a month Rangers International Football Club (RIFC) will be removed from the exchange. WH Ireland was RIFC’s fourth nomad [...]