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....In January, 54% of independent shareholders failed to reappoint the former West Yorkshire chief constable, the second time they had voted against him in four months. He was saved by the support of the Sports Direct founder and chief executive, Mike Ashley. ... [Read full article on Guardian ]
Thursday 3rd of August 2017 05:40:54 PM
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....Reeves said the business committee had had its best moments in recent years when it held “the feet to the fire of some of our business tycoons” over their treatment of staff. Retail billionaires Sir Philip Green, whose empire includes Topshop and the now-defunct BHS, and Mike Ashley, the founder of Sports Direct, appeared in front of the committee to face questions during the last parliament. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 10:18:54 AM
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. Newcastle United owner and Sports Direct boss Mike Ashley has won a high court battle over a £15m deal allegedly made in a London pub, calling time on a case that will be long remembered for days of evidence concerning excessive alcohol consumption. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 09:30:42 AM
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....Metcalf’s first major public pronouncements in the role came almost two years after a Guardian investigation exposed how workers at Sports Direct’s Shirebrook, Derbyshire warehouse had been paid less than the minimum wage. Neither the retailer nor its employment agencies has been named and shamed by the business department, despite Sports Direct’s founder, Mike Ashley, admitting the breach during a parliamentary inquiry last year. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 05:01:01 AM
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. Mike Ashley’s Sports Direct has increased its stake in French Connection to 27%, taking it close to a level at which it must launch a takeover bid. ... [Read full article on Guardian ]
Thursday 27th of July 2017 05:16:36 PM
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Latest Finance News related to Mike Ashley

Sports Direct loses biggest independent investor image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:40:54 PM
....In January, 54% of independent shareholders failed to reappoint the former West Yorkshire chief constable, the second time they had voted against him in four months. He was saved by the support of the Sports Direct founder and chief executive, Mike Ashley. ...
Sports Direct increases French Connection stake to 27% image
Source : Guardian [Read Article] Thursday 27th of July 2017 05:16:36 PM
. Mike Ashley’s Sports Direct has increased its stake in French Connection to 27%, taking it close to a level at which it must launch a takeover bid. ...
Mike Ashley wins high court battle over '£15m pub deal' image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:30:42 AM
. Newcastle United owner and Sports Direct boss Mike Ashley has won a high court battle over a £15m deal allegedly made in a London pub, calling time on a case that will be long remembered for days of evidence concerning excessive alcohol consumption. ...
Uber and Deliveroo chiefs face new grilling by MPs image
Source : Guardian [Read Article] Tuesday 25th of July 2017 10:18:54 AM
....Reeves said the business committee had had its best moments in recent years when it held “the feet to the fire of some of our business tycoons” over their treatment of staff. Retail billionaires Sir Philip Green, whose empire includes Topshop and the now-defunct BHS, and Mike Ashley, the founder of Sports Direct, appeared in front of the committee to face questions during the last parliament. ...
UK labour market tsar vows to jail rogue bosses image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:01:01 AM
....Metcalf’s first major public pronouncements in the role came almost two years after a Guardian investigation exposed how workers at Sports Direct’s Shirebrook, Derbyshire warehouse had been paid less than the minimum wage. Neither the retailer nor its employment agencies has been named and shamed by the business department, despite Sports Direct’s founder, Mike Ashley, admitting the breach during a parliamentary inquiry last year. ...
The promise of a new era at Sports Direct must also mean new personnel image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:48:36 PM
. Skip over a few details in Sports Direct’s full-year results statement and you can almost think the founder and chief executive, Mike Ashley, wants to turn the business into a conventional public company a decade after its arrival on the stock exchange. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
Judge says Mike Ashley case is 'a lot more interesting' than others image
Source : Guardian [Read Article] Wednesday 12th of July 2017 06:07:26 PM
. A high court judge has joked that the legal dispute over what Sports Direct billionaire Mike Ashley allegedly said during a drunken night out to a London pub is “a lot more interesting” than most dry business disputes that reach the courts. ...
Gig economy: now is the time to ease the burden for workers image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:00:16 AM
....”. The speaker, of course, was Sports Direct’s Mike Ashley, in the high court last week where he was defending claims that he agreed to pay a banker £15m during a drinking session in a London pub. ...
Six new things we know about Mike Ashley image
Source : BBC [Read Article] Wednesday 5th of July 2017 08:12:56 PM
. Mike Ashley took the witness stand at the High Court today to give evidence in a case brought by a former employee who is suing him for £14m. ...
Mike Ashley dismisses claim he offered expert £15m as nonsense image
Source : BBC [Read Article] Wednesday 5th of July 2017 03:23:23 PM
. Billionaire Mike Ashley said a claim that he agreed to pay a finance expert £15m during a drinking session in a pub is "nonsense". ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
. Mike Ashley has accused a former colleague of trying to extort millions of pounds from him by making out that a joke during “ludicrous” drunk banter amounted to a £15m business deal. ...
Mike Ashley's talk of £15m deal was just banter, court is told image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:23:12 AM
. A City trader who witnessed Sports Direct billionaire Mike Ashley allegedly agree to pay a banker £15m during a boozy session in a London pub has dismissed the claimed deal as “just a laugh in a pub”. ...
Mike Ashley 'paid ex-Sports Direct chief secret £1m-a-year bonus' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 04:57:10 PM
. Mike Ashley, the controversial billionaire founder of Sports Direct, allegedly secretly paid his former chief executive £1m-a-year out of his personal funds in order to keep down the pay of other staff. ...
Mike Ashley dismisses £14m claim as 'drink banter' image
Source : BBC [Read Article] Tuesday 4th of July 2017 01:03:16 PM
. Billionaire Mike Ashley has dismissed claims he owes a finance expert £14m and said their conversations were "drink banter", a court has heard. ...
Mike Ashley vomited into fireplace at pub meeting, court told image
Source : Guardian [Read Article] Monday 3rd of July 2017 02:24:59 PM
. The high court has been given an extraordinary insight into the working practices of Mike Ashley, the controversial founder of Sports Direct, who it was claimed would challenge subordinates to extreme drinking competitions that once ended with the 52-year-old billionaire vomiting into a fireplace. ...
Mike Ashley 'vomited into fireplace at pub meeting' image
Source : BBC [Read Article] Monday 3rd of July 2017 01:58:14 PM
. Sportswear tycoon Mike Ashley once hosted a management meeting in a pub where he drank 12 pints and vomited into a fireplace, a court has heard. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
....8bn in the annual wealth ranking. The billionaire celebrated his 65th birthday with a lavish party at the Dorchester hotel with friends including Kate Moss, the Strictly Come Dancing host Tess Daly and Sports Direct’s founder, Mike Ashley. ...
Rich List 2017: UK's super-rich carry on making billions image
Source : BBC [Read Article] Sunday 7th of May 2017 12:04:04 AM
...." . Among those who lost money in this year's list were controversial businessmen Mike Ashley, the founder of Sports Direct, and Sir Philip Green, chairman of the Arcadia Group and the former owner of the collapsed chain store BHS. ...
Sports Direct staff supplier Transline faces administration image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:57:01 PM
...." . Sports Direct owner Mike Ashley recently sanctioned the appointment of a workers' representative to the firm's board in an attempt to improve the company's image. ...
Sports Direct agency Transline preparing for insolvency image
Source : Guardian [Read Article] Wednesday 26th of April 2017 10:49:04 AM
....The March parliamentary hearing was the second time Transline had been called to appear in front of MPs in less than a year, with the first hearing ending disastrously for the company when its finance director, Jennifer Hardy, was accused of misleading parliament. Her evidence provoked Iain Wright, Labour MP and chair of the House of Commons business, innovation and skills select committee, to call on Sports Direct’s founder and majority shareholder, Mike Ashley, to consider axing Transline, which he said had not been candid about the reasons for its lack of an operating licence from the Gangmasters Licensing Authority, an industry watchdog. ...
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
....The retailer said on Friday it had received approval from Delaware bankruptcy court to buy 50 stores trading as Bob’s Stores and Eastern Mountain Sports through the bankruptcy process of Eastern Outfitters, the chains’ parent company. Sports Direct, majority owned by its chief executive Mike Ashley, is under pressure after a Guardian investigation in 2015 into its working conditions and investor criticism of its corporate governance standards. ...
Sports Direct breaks into US market image
Source : BBC [Read Article] Friday 21st of April 2017 08:32:02 AM
....The deal gives Sports Direct about 50 stores selling sports and casual wear and camping equipment. Mike Ashley's chain said the "footprint" in US bricks and mortar retail would give it a "platform from which to grow US online sales". ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... It’s the minister who will be blamed when prices for consumers have to go up. Mike Ashley and Sir Philip Green may shed few tears, but it’s a shame that Iain Wright, the Labour MP who chairs the business select committee, won’t be standing for re-election to parliament. ...
Sports Direct workers' representative faces 'uphill struggle' – union image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:37:03 AM
....The appointment of Alex Balacki, 30, follows a tumultuous 16 months for the retailer. This included its billionaire founder, Mike Ashley, being hauled before MPs to be questioned over “Victorian” working conditions at the company’s warehouse, following a Guardian investigation that exposed how workers at the depot were being paid less than the legal minimum wage. ...
Tesco looks to draw a line under accounting scandal image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
.... Both have seen their reputations savaged by reports of poor working conditions at their warehouses. But while Mike Ashley’s Sports Direct has also suffered the pain of watching its profits fall faster than stretched tracksuit bottoms whose elastic has gone, JD Sports Fashion has been fighting fit. ...
MPs urge crackdown on excessive pay to rebuild public trust in business image
Source : Guardian [Read Article] Wednesday 5th of April 2017 05:30:12 AM
.... It also heard LTIPs could distort executive behaviour, with chief executives tailoring decisions to affect the share price around the time their shares were due to vest. Wright, whose committee last year accused billionaire Mike Ashley of running Sports Direct like a Victorian workhouse, said successful companies could not be disconnected from society. ...
Sports Direct increases Debenhams stake to 16% image
Source : BBC [Read Article] Sunday 2nd of April 2017 08:35:42 AM
. Mike Ashley's Sports Direct has raised its stake in High Street department store chain Debenhams. ...
Thought Mike Ashley was hard to work for? Meet Jennifer Hardy image
Source : Guardian [Read Article] Sunday 26th of March 2017 07:00:24 AM
. While Sports Direct founder Mike Ashley was undoubtedly the stand-out performer at June’s business, innovation and skills select committee hearing into the retailer’s treatment of staff, the show put on by Transline’s Jennifer Hardy is often overlooked. ...
1,100 Jones Bootmaker jobs at risk as private equity deal collapses image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:39:45 PM
....Many retailers have struggled to cope with rising costs and lacklustre sales this year. The upmarket lingerie brand Agent Provocateur was rescued by a sale to Sports Direct owner Mike Ashley via a pre-pack administration this month. ...
Viagogo should be forced to face a grilling over ticket resale abuse | Nils Pratley image
.... It sells a lot of tickets in the UK, operates a UK website, has an office in central London and, in any case, the bosses in Geneva could easily hop on an easyJet flight. When Mike Ashley of Sports Direct claimed last year to be too busy to attend the business select committee, the MPs refused to take no for an answer. ...
Forbes billionaire list: Trump loses $1bn as elite club gets 233 new members image
.... The third richest, and among the biggest gainer, is Jim Ratcliffe the founder and chairman of chemicals group Ineos. Among the biggest British losers is Sports Direct founder Mike Ashley whose fortune dropped by 25% to $2. ...
Philip Green's lavish party for his 65th ends exile from social circuit image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:27:49 PM
....The retail tycoon Sir Philip Green has ended his exile from the London social circuit with a lavish party at the Dorchester hotel to celebrate reaching retirement age. The guest list for the event to mark his 65th birthday included the model Kate Moss, the Strictly Come Dancing host Tess Daly and Sports Direct’s founder, Mike Ashley. ...
Jobs at risk as Jones Bootmaker teeters on brink of administration image
Source : Guardian [Read Article] Tuesday 14th of March 2017 08:09:59 PM
.... The British Retail Consortium, the industry trade body, has warned that more than 8,000 shops and 80,000 jobs could be lost by 2020 due to the pressure on the retail industry. Agent Provocateur, the upmarket lingerie retailer, was bought earlier this month by Mike Ashley through a pre-pack administration. ...
French Connection reports loss for fifth year running image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:20:04 AM
....2m. Last month, major investor Schroders lost patience and sold its chunk, enabling Sports Direct's Mike Ashley to pick up an 11% stake. ...
Employment agency at centre of Sports Direct scandal axed by Amazon image
Source : Guardian [Read Article] Monday 13th of March 2017 07:52:39 PM
.... The exposés prompted a parliamentary inquiry by the business, innovation and skills select committee, which concluded that the workers at the sportswear retailer’s “Victorian workhouse” were treated “without dignity or respect”. Transline, which supplied around half of Sports Direct’s 3,000 warehouse workers at the time of the scandal, was also accused of misleading MPs during the inquiry, which prompted the committee chairman, Iain Wright MP, to call on Sports Direct’s founder, Mike Ashley, to axe the firm. ...
Forget the fuss – bumper paydays go on for UK's best-paid boss Sorrell | Nils Pratley image
.... That may not be good for morale in the ranks. What was it Mike Ashley said about putting a worker on Sports Direct’s board?. ...
Sports Direct's move to put worker on board branded 'PR exercise' image
Source : Guardian [Read Article] Thursday 9th of March 2017 09:38:42 AM
....Sports Direct’s decision to allow a worker representative to attend its board meetings is not enough to solve the retailer’s deep corporate governance failings, unions and business leaders have warned. The company founded and run by Mike Ashley began the process of appointing a staff representative on Tuesday after caving in to pressure from shareholders and MPs following a series of scandals over the way the company is run and how it treats its staff. ...
Snap and Sorrell are wrong: powerful bosses can become untouchable insiders image
.... The classic example is Associated British Foods, a FTSE 100 firm but family controlled, which quietly turned its once-small retailing business into the phenomenon that is Primark. Then again, there’s Sports Direct, where long-term investment seems to mean whatever takes Mike Ashley’s fancy. ...
City news: Merlin Entertainments, Sportech, and Mike Ashley  image
Source : Daily Express [Read Article] Friday 3rd of March 2017 08:59:00 AM
...._________________________________________________________________. SPORTS Direct tycoon Mike Ashley has bought lingerie firm Agent Provocateur out of administration. ...
What next for Agent Provocateur? image
Source : BBC [Read Article] Thursday 2nd of March 2017 11:44:59 PM
. The high-street lingerie chain has been bought after being put into administration, by a firm linked to Sports Direct owner Mike Ashley. ...
Snap IPO: a 21st-century firm with a 19th-century structure image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:36:11 PM
.... Yes, it’s another pre-pack administration in which the lid is never lifted long enough for outsiders to see what lies within. Mike Ashley is the new owner of lingerie chain Agent Provocateur, paying £30m for the privilege. ...
Mike Ashley firm buys lingerie firm Agent Provocateur image
Source : BBC [Read Article] Thursday 2nd of March 2017 04:27:32 PM
. Lingerie firm Agent Provocateur has been bought by a firm linked to Sports Direct owner Mike Ashley after it was placed into administration. ...
Agent Provocateur founder brands Mike Ashley's purchase 'a stitch-up' image
Source : Guardian [Read Article] Thursday 2nd of March 2017 12:46:56 PM
. The co-founder of Agent Provocateur has described the sale of the upmarket lingerie retailer to Mike Ashley as “a disgrace to British business” and “preposterous”. ...
Business rates rise is biggest issue for small firms in London image
Source : Guardian [Read Article] Friday 17th of February 2017 12:01:17 AM
....5m a year on its Threadneedle Street headquarters. Sport Direct warehouse Mike Ashley’s Sports Direct will save almost £900,000 in business rates over the next five years on its warehouse in Shirebrook, Derbyshire, which has been compared to a Victorian workhouse. ...
Argos to pay £2.4m to 37,000 workers paid less than minimum wage image
Source : Guardian [Read Article] Thursday 16th of February 2017 03:26:07 PM
....Argos’s underpayment is also well ahead of the £1m awarded in back pay to Sports Direct workers after a HMRC investigation last year. About 200 people directly employed by Mike Ashley’s retail group and about 3,000 staff hired through temporary employment agencies were found to have been paid less than the minimum wage over four years. ...
For Carney, wages are the only true window to the future image
Source : Guardian [Read Article] Sunday 5th of February 2017 07:00:07 AM
.... If demand for the non-voting stock evaporated, Snap chief Evan Spiegel would quickly understand that empowerment is meant to be more than a marketing slogan. Mike Ashley and Stephen Marks are not a match made in heaven. ...
Sports Direct's French Connection flutter looks like a fashion faux pas | Nils Pratley image
. Sports Direct’s Mike Ashley and French Connection’s Stephen Marks both don’t enjoy being told how to run their business. ...
Sports Direct buys French Connection stake as battle looms image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:13:28 PM
. Mike Ashley’s Sports Direct has taken control of an 11% stake in French Connection, setting up a potential power struggle over the future of the ailing fashion chain. ...
Leading investor signals it may oppose City bosses' pay rises image
Source : Guardian [Read Article] Wednesday 1st of February 2017 12:02:54 PM
.... Last month it wrote to the 350 biggest companies on the stock market to urge them to rein in excessive boardroom pay. Standard Life Investments published its stewardship update for 2016 in which it said it would continue to press for change on a number of issues at Sports Direct, including the excessive influence and dominance of founder Mike Ashley. ...
Sports Direct risks fresh shareholder anger with review appointment image
Source : Guardian [Read Article] Friday 13th of January 2017 06:31:42 PM
.... Up to 20 candidates are thought to have been considered. But on Friday, in an announcement after the stock market had closed, the company, which was founded by Mike Ashley, said it would appoint RPC to lead the much anticipated review. ...
Mike Ashley criticises shareholders of Sports Direct over Keith Hellawell image
. Mike Ashley has criticised Sports Direct shareholders who refused to back the re-election of Keith Hellawell as chairman and publicly questioned the company’s corporate governance. ...
Brexit wasn’t a ‘Michael Fish moment’: but economics does need to change image
.... So Haldane may have been too harsh on his profession: but he is right that change is needed. Was Mike Ashley’s new year resolution to stop being so conciliatory? That quality hasn’t often been attached to Sports Direct’s founder, chief executive and 55% shareholder but, by his standards, 2016 was a year of peace, love and reconciliation. ...
Sports Direct chairman should keep his pledge and save some dignity image
Source : Guardian [Read Article] Thursday 5th of January 2017 07:44:34 PM
.... Lessons had been learned. He had offered to resign but Mike Ashley had asked him to stay. ...
Sports Direct chairman Keith Hellawell rejected by shareholders again image
Source : Guardian [Read Article] Thursday 5th of January 2017 01:06:49 PM
....They had defeated a similar company resolution to retain Hellawell at the annual meeting in September. However, Hellawell will remain in position after winning 81% of the vote, because of the support of Sports Direct’s founder Mike Ashley, who owns 55% of the company. ...
Sports Direct chairman survives shareholder revolt image
Source : BBC [Read Article] Thursday 5th of January 2017 01:50:20 AM
....Sports Direct chairman Keith Hellawell has survived a revolt by independent shareholders to remain in his post. Although almost 54% of independent shareholders voted against his re-appointment, Mr Hellawell was backed by founder and chief executive Mike Ashley, who owns 55% of the company. ...
Sports Direct chair Keith Hellawell faces renewed pressure to resign image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 05:38:18 PM
....The second vote has been triggered under new rules whereby independent shareholders are ostensibly given an increased say in the running of companies in which there is a dominant shareholder. Sports Direct’s founder, Mike Ashley, owns 55% of the company, but was not allowed to vote on Hellawell’s role in the first ballot at the group’s annual meeting in September, when 53% of the votes cast by investors excluding Ashley opposed the chairman’s re-election. ...
Observer business agenda’s review of the year image
Source : Guardian [Read Article] Sunday 1st of January 2017 09:00:02 AM
....But was that really the funniest Sports Direct crack of the year? Maybe not. There was the one where founder Mike Ashley went through a mock security check as part of a PR campaign to demonstrate he really was a man of the people, only to then pull a wad of £50 notes out of his pocket; a similar joke about the company buying a private jet, but allowing staff to rent it for a commercial rate; plus another one when MPs visited Shirebrook only to discover they were being secretly recorded. ...
Iain Wright, the MP bringing Mike Ashley and Sir Philip Green to book image
Source : Guardian [Read Article] Friday 30th of December 2016 07:00:26 AM
....“Do I have to have a beer with either of them?” asks Iain Wright, the chairman of the Commons’ business select committee, when quizzed about which, of the two billionaires he interrogated during 2016, he would choose to meet for a Christmas pint. “Do you know what? I think Mike Ashley would like a pint more than [Sir] Philip Green,” the Labour MP for Hartlepool says. ...
Pension expert call for scrutiny over Sports Direct sale of Dunlop image
Source : Guardian [Read Article] Thursday 29th of December 2016 07:59:07 PM
.... The group was technically insolvent, with more liabilities than assets but the accounts state that Dunlop Slazenger remained a going concern as working capital was financed by Sports Direct. Sports Direct’s founder and major shareholder, Mike Ashley, acquired Dunlop Slazenger for an estimated £40m in 2004 from Royal Bank of Scotland – which had taken control of the struggling business from its private equity-backed owners. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
....Even without the political turmoil, 2016 was a dramatic year for business leaders. The collapse of BHS led to intense pressure on Sir Philip Green and demands that he fill the £571m hole in the store chain’s pension fund, while Mike Ashley was summoned before MPs to explain the working practices the Guardian had exposed at Sport Direct’s Derbyshire warehouse. ...
Sports Direct sells Dunlop for $137m image
Source : Guardian [Read Article] Tuesday 27th of December 2016 12:58:13 PM
....Sumitomo Rubber Industries confirmed that it will acquire the trademark rights of the Dunlop brand overseas, as well as its sporting goods and licensing businesses. Sports Direct’s founder and major shareholder, Mike Ashley, acquired Dunlop Slazenger for an estimated £40m in 2004 from Royal Bank of Scotland – which had taken control of the struggling business from its private equity-backed owners – three years before he floated his sportswear retail chain on the stock exchange. ...
Share Hunter: Sports Directs first half results hit by slide in pound  image
Source : Daily Express [Read Article] Sunday 11th of December 2016 06:14:00 PM
.... . On top of that, founder Mike Ashley was called before Parliament to explain working conditions in Sports Direct’s Derbyshire warehouse. ...
Donald Trump has a handy scapegoat when economic clouds appear image
Source : Guardian [Read Article] Sunday 11th of December 2016 07:00:21 AM
.... Bailey should ensure this does not stop the RBS report being published in full. Mike Ashley really doesn’t get it, does he? Last week Sports Direct unveiled a 57% slump in half-year profits, together with details of a new deal that could eventually hand big rewards to his 20-year-old daughter. ...
Sports Direct chairman seeks shareholder support as profits tumble image
Source : Guardian [Read Article] Friday 9th of December 2016 06:36:02 PM
....Under new financial regulatory rules which give independent shareholders more of a voice on the appointment of non-executive directors, the company has to hold a second vote 90 to 120 days after the first meeting if it wants to hold on to Hellawell. At the second meeting, which will be held at Sports Direct’s headquarters in Shirebrook, Derbyshire, Hellawell’s reappointment can be pushed through with the backing of new CEO Mike Ashley’s 55% majority stake. ...
Capita capitalises on robots before new chair Powell powers in | Nils Pratley image
.... Employees can even hire it themselves – if they pay “open market rates”, which may deter 99% of the workforce. But the arrangement that will infuriate outside shareholders is surely the deal whereby Sports Direct will buy cosmetics – under that must-have brand Sport FX – from a company where founder Mike Ashley’s 20-year-old daughter, Matilda, is a director. ...
Sports Direct chairman lambasts critics as profits fall image
Source : BBC [Read Article] Thursday 8th of December 2016 07:26:28 AM
....However, the firm added that it would be buying a corporate jet for £40m. Chief executive Mike Ashley said the past six months had been "tough for our people and performance". ...
Could Matteo Renzi's exit lead to an Italian bank rescue? image
Source : Guardian [Read Article] Monday 5th of December 2016 08:27:52 PM
....Back in January 2013, Sports Direct and Merrill Lynch, the sportswear chain’s corporate broker, were said to have parted ways by mutual consent. That wasn’t true, according to filings in the high court made by Jeff Blue, who used to be an adviser to the company but is now suing founder Mike Ashley for a £14m bonus he says he was promised. ...
US bank quit Sports Direct role over share deal concerns, court filing claims image
. A top US investment bank resigned as a key adviser to Mike Ashley’s Sports Direct because of concerns that the retail company had manipulated its share price, according to claims made in a high court document. ...
So, Mike Ashley, can  we handle the truth? image
Source : Guardian [Read Article] Sunday 4th of December 2016 07:00:07 AM
....”. Which brings us to how long it will take Sports Direct boss Mike Ashley to crack at the retailer’s interim results this week, when inevitably he’ll be asked about working conditions at his embattled firm. ...

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