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 [...]
Ashley in line for a Sports Direct bonus December 15, 2011 SPORT DIRECT’s majority owner Mike Ashley could be in line for a £12m shares windfall if the sporting goods retailer meets a series of targets over the next four years. Under new proposals Ashley, who currently receives no pay for his role as executive deputy chairman, stands to be granted 6m shares if the group [...]
BEST OF THE BROKERS December 18, 2011 BP Evolution has maintained its “buy” recommendation on BP, after the oil giant settled its dispute with contractor Cameron over the Macondo accident – although its target price of 510p is at “the lower end” of a valuation range that scales to 771p/sh. Evolution also notes that BP is talking to Ophir Energy about farming [...]
Sports Direct to hit profit forecast December 15, 2011 Sports Direct, Britain’s biggest sporting goods retailer, posted a two per cent rise in first-half profit and said it was on track to meet its target for the year. The firm, controlled by Newcastle United owner Mike Ashley, said it was confident of reaching its full year target for underlying earnings before interest, tax, depreciation [...]
Sports Direct to hit profit forecast December 15, 2011 Sports Direct, Britain’s biggest sporting goods retailer, posted a two per cent rise in first-half profit and said it was on track to meet its target for the year. The firm, controlled by Newcastle United owner Mike Ashley, said it was confident of reaching its full year target for underlying earnings before interest, tax, depreciation [...]
Sports Direct profits up as it eyes 2012 boost October 20, 2011 SPORTS Direct, Britain’s biggest sporting goods retailer, said revenues rose in recent weeks and added it is looking to events such as next year’s London Olympics to keep sales rolling in 2012. The firm, controlled by Newcastle United owner Mike Ashley, said total sales rose 11.5 per cent for the nine weeks to 25 September [...]
Blacks’ losses mount as it eyes funding October 27, 2011 OUTDOOR goods specialist Blacks leisure yesterday announced a half-year loss of £16m and said it was examining its funding options in a bid to shore up the struggling firm. The company, which also trades under the Millets brand, is fighting for survival due to mounting losses and surging debts. The pre-tax loss for the six [...]
Ivanovic faces ban after day of shock calls April 10, 2012 CHELSEA defender Branislav Ivanovic is facing a three-match ban and QPR have failed in an appeal against Shaun Derry’s controversial red card after a day of surprising decisions by the Football Association. Manchester City striker Mario Balotelli will also face no further action over his knee-high challenge on Arsenal’s Alex Song, meaning he could return [...]
Mike Ashley in clear after Sports Direct fraud probe March 9, 2011 SPORTS Direct yesterday said none of its employees were now under investigation by the Serious Fraud Office as it also gave details of a £220m refinancing package. In March 2010 the Competition Commission formally cleared Sports Direct’s acquisition of 31 stores from struggling rival JJB Sports and in October 2010 the Serious Fraud Office (SFO) [...]
King injury adds to Spurs frustration as Ameobi preserves unbeaten run October 16, 2011 NEWCASTLE (2) vs TOTTENHAM (2) TOTTENHAM manager Harry Redknapp admitted he is powerless to prevent Ledley King from sustaining the type of muscular injury which saw his skipper fail to complete yesterday’s draw at St James’ Park. The visitors twice took the lead but ultimately had to settle for a point when substitute Shola Ameobi [...]