Sports Direct sales jump as board squares up to shareholders April 23, 2014 Sports Direct has reported a jump in sales of 10.3 per cent to £360m for the nine weeks ended 30 March. The sports retailer saw gross profit rise 11.5 per cent £147m. The company enjoyed strong increases from the brands division and sports retail sales. Premium Lifestyle sales also rose by 0.7 per cent to [...]
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 [...]
Burberry shareholders vote against Christopher Bailey pay deal July 11, 2014 Shareholders have struck a blow to Britain's iconic luxury fashion brand Burberry by voting against the proposed multi-million pound pay package for new chief executive Christopher Bailey. More than 50 per cent of those who voted at the luxury giant's annual general meeting today went against the directors' remuneration report. The lucrative package includes a [...]
Ashley fails to derail House of Fraser takeover April 7, 2014 HOUSE of Fraser’s sale to a Chinese conglomerate is set to go ahead, despite Sports Direct founder Mike Ashley’s efforts to scupper the deal, City A.M. understands. Chinese powerhouse Sanpower Group agreed to buy 89 per cent of the department store chain on Friday, in a deal valued at around £450m. Sportswear magnate Ashley has [...]
Wilfried Bony could be Manchester City’s most expensive January transfer window signing ever January 7, 2015 Manchester City are understood to be on the verge of signing Ivorian striker Wilfried Bony from Swansea City, but may need to break their January transfer window record in order to seal the deal. Bony will reportedly cost the reigning Premier League champions upwards of £30m, even though he is soon to jet off on [...]
The shareholder spring is back – but there may be worse to come for CEOs July 16, 2014 This is a rotten year to be a chief executive. The impact of new regulations introduced by the Department for Business has been to rekindle 2012’s “shareholder spring”, with a host of firms feeling the heat as up to 40 per cent of their shareholders opposed policies that could bind pay awards for three years. [...]
London Report: Turbulence for easyJet as FTSE loses altitude June 30, 2014 EASYJET proved to be a drag on the FTSE 100 yesterday as the low-cost airline felt the effect of a broker downgrade. The blue-chip FTSE 100 index ended down by 0.2 per cent, or 13.83 points, at 6,743.94 points – down more than two per cent from its 2014 peak of 6,894.88 in May, which [...]
January transfer window 2015: Tottenham have spent £50m more than Arsenal in winter windows January 6, 2015 Having moved ahead of North London rivals Arsenal in the Premier League last week, Tottenham Hotspur may look to consolidate their position by bringing in new recruits in this month’s January transfer window. After a relatively poor start in the league, Arsenal look to be more in need of reinforcements in midfield and defence, yet [...]
Chelsea have more of the world’s most valuable players than any other club, according to new study January 6, 2015 Three of the 10 most valuable players in the world currently ply their trade at Stamford Bridge, according to a new study from the CIES Football Observatory. Eden Hazard, Diego Costa and Francesc Fabregas are all named in the top 10, alongside Liverpool’s Raheem Sterling and Arsenal’s Alexis Sanchez. No other club in Europe has [...]
Mike Ashley’s Sports Direct on track for FTSE 100 promotion September 8, 2013 THE FTSE 100 is set to become a more colourful place this week with Sports Direct – controlled by Newcastle United owner Mike Ashley – on track for promotion to Britain’s leading share index. Many pension funds that track the FTSE 100 will then be obliged to buy shares in the company, which has both [...]