Sports Direct raises Ashley’s payout plans April 25, 2012 MIKE Ashley, the billionaire founder of Sports Direct, could net a one-off shares bonus worth about £24m at current prices after Britain’s biggest sporting goods retailer raised a proposed payout. Sports Direct said yesterday it would ask shareholders at its annual meeting in September to back the granting of 8m shares to Ashley, up from [...]
Shares in sports store JJB rise as it confirms refinancing talks April 4, 2012 SPORTSWEAR retailer JJB Sports, which nearly collapsed last year, said yesterday it was in ongoing talks with its bank and a mystery “potential strategic partner” to raise financing, sending its shares up 56 per cent to 16p. “Constructive discussions continue with the company’s lending bank and one of the potential strategic partners and have been [...]
Sports Direct plans dividend February 15, 2012 BRITAIN’S biggest sporting goods retailer Sports Direct International said it would consider paying a dividend at the end of its fiscal year, following strong third-quarter results. Shares of the company, controlled by Newcastle United soccer club owner Mike Ashley, rose as much as 6.2 per cent to 279.2p yesterday — their highest level in nearly [...]
AUSSIE DOLLAR CAUGHT IN A TUG-OF-WAR March 20, 2012 FINANCIAL FEATURES WRITER GIVEN its usual position as a proxy for risk and its draw as a high-yielding currency in a sea of near-zero yields, the Aussie dollar ought to be surging against its pairs. A tug-of-war is ongoing between carry trade demand for yield and European economic weakness on the one side and a [...]
Dragon adds fire to fight for Blacks Leisure stores January 5, 2012 DRAGONS’ Den star and serial entrepreneur Peter Jones has thrown his hat in the ring for the troubled outdoor goods retailer Blacks Leisure, which was put up for sale last month. Jones, who is on the panel of the BBC reality TV show, has emerged as one of the four trade bidders to have tabled [...]
Dragon adds fire to fight for Blacks Leisure stores January 5, 2012 DRAGONS’ Den star and serial entrepreneur Peter Jones has thrown his hat in the ring for the troubled outdoor goods retailer Blacks Leisure, which was put up for sale last month. Jones, who is on the panel of the BBC reality TV show, has emerged as one of the four trade bidders to have tabled [...]
Sports Direct eyes up Blacks December 13, 2011 STRUGGLING retailer Blacks Leisure said yesterday it had been approached by Sports Direct International – one of a number of expressions of interest it has received since putting itself up for sale last week. Sports Direct, controlled by Newcastle United owner Mike Ashley, has a 21 per cent stake in the firm, and said any [...]
Deadline for Blacks bids draws closer as January 3, 2012 SPORTS DIRECT, the retailer controlled by the billionaire football tycoon Mike Ashley (pictured), is understood to be one of four interested buyers expected to place a bid for the ailing outdoor retailer Blacks Leisure within the next two days. Blacks, which put itself up for sale last month after failing to secure extra funding, is [...]
Comparisons were always going to be tough, but the game will go on December 15, 2011 WHEN you’re a sports retailer reporting against a period that last year included the FIFA World Cup, the comparatives are never going to look good. So though shares fell five per cent after Ashley announced a slight fall in profits yesterday, underlying figures show little proof of a change in upward fortunes – especially when [...]
Black’s Leisure looks for new bidders or faces winding-up December 18, 2011 BLACK’S LEISURE faces falling into administrators’ hands and being broken up if the struggling outdoor chain fails to find a buyer this week, putting 2,000 jobs at risk. Black’s competitors Go Outdoors and Mountain Warehouse have both emerged as likely bidders for the company after Sports Direct’s billionaire founder Mike Ashley ruled out a bid [...]