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....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. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 07:39:45 PM
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. Scores of Sports Direct workers who were found to have been paid less than the minimum wage are yet to receive the back pay owed for their shifts. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 10:15:04 AM
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. 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. ... [Read full article on Guardian ]
Sunday 26th of March 2017 07:00:24 AM
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Latest Finance News related to Sports Direct

Sports Direct workers paid less than minimum wage yet to get back pay image
Source : Guardian [Read Article] Tuesday 28th of March 2017 10:15:04 AM
. Scores of Sports Direct workers who were found to have been paid less than the minimum wage are yet to receive the back pay owed for their shifts. ...
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. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
.... Their prevalence is likely to grow, but today the bulk of labour market exploitation is of a more analogue nature. Sports Direct is perhaps the most infamous example of modern exploitation: workers on zero-hours and agency contracts subjected to dreadful working conditions more akin to a Victorian factory than a modern workplace. ...
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. ...
Sports Direct calls executive pay report 'fake news' image
Source : BBC [Read Article] Wednesday 15th of March 2017 09:59:54 AM
. Sports Direct has accused a shareholder lobby group of "fake news" over claims regarding its executive pay ratios. ...
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
. Transline Group, one of the employment agencies at the centre of the Sports Direct scandal, has been axed from supplying temporary warehousing staff to Amazon, the world’s largest online retailer. ...
Rolls-Royce calls its first staff AGM image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:02:59 PM
....Rolls-Royce is not committing to appoint a worker to its board in the way that the transport group First Group has done. The embattled retailer Sports Direct last week said it would allow a worker representative to attend its board meetings but was accused by the union Unite of conducting little more than a “PR exercise”. ...
Trump is set to win the battle on interest rates, but US economy will pay the price image
....The industry cannot blindfold itself to evidence of poor treatment of workers. JD’s higher-profile competitor Sports Direct may have knocked out many competitors with its “savvy” business skills, but it has brought shame on the industry with its treatment of warehouse workers in particular. ...
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. ...
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. ...
Memo to bosses: expect zero loyalty from your zero-hours workers | Barbara Ellen image
.... According to the latest figures, there are now 910,000 people on zero-hours contracts, representing a record high. More positively, the think-tank Resolution notes that the pace of growth for zero-hours contracts slowed rapidly in the second half of 2016, due to a combination of factors, including rising public awareness, employers fearing that Brexit could lead to a struggle to recruit labour and employers not wanting the kind of negative publicity that the likes of Sports Direct attracted. ...
Record 910,000 UK workers on zero-hours contracts image
Source : Guardian [Read Article] Friday 3rd of March 2017 09:55:26 AM
....People on zero-hours contracts are not guaranteed a minimum number of work hours but must be available. Such contracts are widely used by retailers, restaurants, leisure companies and hotels, and have been offered by companies including Sports Direct and McDonald’s. ...
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. ...
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
....Ashley has bought Agent Provocateur for around £30m through Four Holdings, the parent company of Four Marketing, a fashion agency which runs websites for luxury brands and owns their flagship stores. Sports Direct, Ashley’s sportswear business, owns a 25% stake in Four Marketing. ...
UK workers' wages fell 1% a year between 2008 and 2015, TUC says image
Source : Guardian [Read Article] Monday 27th of February 2017 12:01:43 AM
....The survey for the government found that fewer than a third of workers knew they should be paid for travel time between appointments, while only 42% knew that staff had to be paid for time spent undergoing security checks. Sports Direct and Argos are among the firms that have admitted not paying staff for time spent on checks. ...
Business rate rises: government warns of 'campaign of half-truths' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:22:16 AM
.... “Small businesses are panicking about the impact of these massive rate hikes,” he said. “The only people who gain are Sports Direct and Amazon. ...
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
.... The company said it had underpaid staff by an average of £10 each in 2015 because of a “technical error in its payroll calculations”. Argos’s underpayment is also well ahead of the £1m awarded in back pay to Sports Direct workers after a HMRC investigation last year. ...
Workers' feelings of powerlessness fuelling anger, says jobs tsar image
Source : Guardian [Read Article] Monday 13th of February 2017 05:14:03 PM
....Hermes, the courier company, is involved in an investigation by HM Revenue and Customs into whether its 10,000 delivery drivers are genuinely self-employed, after several claimed they were earning less than the minimum wage while working six or seven days a week. Last year Sports Direct year admitted underpaying temporary agency staff working in conditions likened by MPs to “a Victorian workhouse” at its Shirebrook warehouse. ...
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
....Mike Ashley and Stephen Marks are not a match made in heaven. Ashley, the founder of Sports Direct, is seen in the City as being taciturn, having poor standards of corporate governance, and overseeing a company that is underperforming. ...
How high street clothes were made by children in Myanmar for 13p an hour image
Source : Guardian [Read Article] Sunday 5th of February 2017 12:04:43 AM
....Children as young as 14 have been employed to make clothes for some of the most popular names on the UK high street, according to a new report. New Look, Sports Direct’s Lonsdale brand and H&M have all used factories found to have employed children, after several major brands switched their production to low-cost factories in Myanmar. ...
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
....One of the City’s biggest investors has put top company bosses on notice that excessive pay rises will be not be tolerated. Standard Life Investments – which is also putting Sports Direct under renewed investor pressure over its failure to address executive pay and governance – has signalled it is prepared to vote against pay rises for chief executives unless there is a convincing reason for them. ...
140 JD Sports staff taken to hospital from one warehouse in four years image
Source : Guardian [Read Article] Sunday 29th of January 2017 02:57:00 PM
....”. The figures are similar to the situation at Sports Direct’s warehouse in Shirebrook, Derbyshire. ...
Brothers jailed for trafficking people from Poland to work at Sports Direct image
. Two brothers who trafficked vulnerable men from Poland to work in a Sports Direct warehouse have been jailed for six years each under the Modern Slavery Act. ...
Textile firms paying UK workers £3 per hour, investigation finds image
Source : Guardian [Read Article] Monday 23rd of January 2017 06:00:25 AM
....The documentary will add further support campaigners who claim that cheap fashion comes at a cost, including widespread abuse of minimum wage laws, even in the UK. The case follows a Guardian investigation into Sports Direct in December 2015, which revealed that workers at the sportswear chain’s Derbyshire warehouse were receiving less than the legal minimum wage. ...
Sports Direct risks fresh shareholder anger with review appointment image
Source : Guardian [Read Article] Friday 13th of January 2017 06:31:42 PM
. Sports Direct could cause further controversy with shareholders after appointing a law firm that has previously worked for the retailer to conduct a review of its corporate governance. ...
UK Christmas retail: the winners and losers image
Source : Guardian [Read Article] Thursday 12th of January 2017 01:23:56 PM
.... Headline profit before tax and one-off items is set to exceed expectations of £200m by up to 15% thanks to bumper sales – up 10% on a like-for-like basis in the 49 weeks to 7 January. JD has overtaken Sports Direct as the UK’s biggest sportswear retailer by market value, but both companies face mounting pressure over poor working conditions at their warehouses. ...
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. ...
Wage hikes at Aldi and Lidl are welcome news. But don’t get too excited | Peter Fleming image
.... The massive shift towards agency work and zero-hours contracts hasn’t helped. With horrible revelations about companies such as Sports Direct now commonplace, it’s clear that economic exploitation is rampant in British society, and it’s biting into middle-class occupations as much as those of the working poor. ...
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
....Perhaps we shouldn’t be surprised. If Ashley, owner of 55% of Sports Direct, really wanted to share his boardroom with a strong and independent chairman who would hold him to account, he would have appointed one years ago. ...
Japanese company to buy UK's second biggest tyre supplier for £215m image
Source : Guardian [Read Article] Thursday 5th of January 2017 02:36:45 PM
....The second largest deal of 2016 was Takeda Pharmaceuticals’ $790m acquisition of Cambridge-based Crescendo Biologics. Sumitomo appears twice in the top five, after agreeing to spend $138m to buy the Dunlop sporting goods brand from Sports Direct, although that deal has yet to complete. ...
Sports Direct chairman Keith Hellawell rejected by shareholders again image
Source : Guardian [Read Article] Thursday 5th of January 2017 01:06:49 PM
. Keith Hellawell, the embattled chairman of Sports Direct, has been rejected by independent shareholders for the second time in four months, as outside investors repeated calls for the former police chief constable to be ousted from the sportswear retailer’s board. ...
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. ...
Government names new chief to lead crackdown on worker exploitation image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....He will be devising a new strategy on how three bodies – the Gangmasters and Labour Abuse Authority (GLAA), the Employment Agency Standards Inspectorate (EAS) and HM Revenue and Custom’s national minimum wage enforcement team – share information and work together. The issue of worker exploitation has risen up the political and news agendas over the past year, after scandals including the exposure how workers at the retailer Sports Direct were receiving less than the national minimum wage. ...
Sports Direct chair Keith Hellawell faces renewed pressure to resign image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 05:38:18 PM
. Sports Direct’s embattled chairman, Keith Hellawell, has come under renewed pressure to step down as a series of City investment groups said shareholders should oppose his re-election to the retailer’s board this week. ...
Observer business agenda’s review of the year image
Source : Guardian [Read Article] Sunday 1st of January 2017 09:00:02 AM
....When you start the year as a FTSE 100 company, but end it in second place on the list of the “modern Christmas cracker jokes” (according to UKTV’s comedy channel Gold) you can assume it’s been a challenging year. The company in question is, of course, Sports Direct, which spent 2016 engulfed by a crisis over pay and working conditions at its depot in Shirebrook, Derbyshire, where it was revealed that workers were effectively receiving less than the national minimum wage after unpaid body searches and tough financial penalties for slight lateness. ...
Lloyd's of London's Inga Beale made a dame in New Year honours list image
Source : Guardian [Read Article] Friday 30th of December 2016 10:30:11 PM
....Simon Walker, the outgoing director general of the Institute of Directors, collects a CBE. Walker described Sports Direct as a “scar on British business” after a Guardian investigation exposed working practices at the company. ...
Zero-hours workers 'face £1,000 pay penalty' image
Source : BBC [Read Article] Friday 30th of December 2016 08:06:08 AM
....Laura Gardiner, senior policy analyst at the Resolution Foundation, added that the "pay penalty" of zero-hours contracts was "a big price to pay for work that too often lacks the security workers desire". She said: "Zero-hours contracts have hit the headlines in recent months for their widespread use in Sports Direct and JD Sports. ...
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
....There are parts of his statement that appear conciliatory, but then plenty more that would irk both tycoons who, according to Wright, have come to encapsulate the corporate excess that may have contributed to the country voting to leave the European Union. Ashley was hauled in front of Wright’s business committee over working conditions at his sportswear chain Sports Direct, in the wake of a Guardian investigation that showed the company’s warehouse workers were being paid less than the national minimum wage. ...
RBS: Small shareholders demand a say in bank bosses' pay image
Source : BBC [Read Article] Friday 30th of December 2016 12:03:50 AM
....RBS said it had not seen full details but pledged to "look closely" at it once it had. The way companies are managed - and how much bosses are paid - has been been under particular scrutiny this year following the collapse and loss of 11,000 jobs at BHS and the revelations about pay and working conditions at Sports Direct. ...
Zero-hours workers '£1,000 worse off a year' than employees image
Source : Guardian [Read Article] Friday 30th of December 2016 12:01:17 AM
....”. Zero-hours contracts are widely used by retailers such as Sports Direct and JD Sports, restaurants, leisure companies and hotels. ...
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
. A pensions expert has raised questions about the fate of the Dunlop Slazenger pension fund as Sports Direct prepares to sell the Dunlop sports brand to its Japanese distributor, Sumitomo Rubber Industries. ...
Santa Rally sends FTSE 100 to new record high image
Source : BBC [Read Article] Wednesday 28th of December 2016 09:49:18 AM
....Bovis now expected to complete between 3,950 and 4,000 homes this year, which will leave annual profits at between £160m and £170m. Shares in Sports Direct rose 3. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
Sports Direct sells Dunlop for $137m image
Source : Guardian [Read Article] Tuesday 27th of December 2016 12:58:13 PM
. Sports Direct is selling Dunlop, the sportswear brand known for its green flash tennis shoes, to a Japanese buyer in a surprise $137. ...
JD Sports to investigate conditions at warehouse after 'prison' claim image
Source : Guardian [Read Article] Thursday 15th of December 2016 09:01:57 AM
.... About 1,500 people work at the distribution centre, including hundreds of agency staff, while others are directly employed by JD Sports. The investigation comes a year after Guardian undercover reporters found that rival Sports Direct paid warehouse workers at Shirebrook less than the minimum wage and operated punitive disciplinary procedures, such as a six-strikes policy. ...
JD Sports to investigate Kingsway worker conditions image
Source : BBC [Read Article] Thursday 15th of December 2016 07:33:22 AM
....". Rival sportswear retailer Sports Direct has also come under fire for working conditions at its Shirebrook warehouse. ...
JD Sports denies 'prison' conditions at warehouse image
Source : BBC [Read Article] Wednesday 14th of December 2016 03:06:28 PM
.... . Last year, Sports Direct was criticised for operating a system at its warehouse in Derbyshire which required workers to undergo lengthy security checks. ...
December strikes do not signify new 'winter of discontent' image
Source : Guardian [Read Article] Tuesday 13th of December 2016 06:14:41 PM
....The Argos dispute is different. Observers say it has some parallels with recent disputes involving Sports Direct and Uber in that it involves low-paid workers fighting for basic rights. ...
Asos plans London expansion with 1,500 extra staff image
Source : Guardian [Read Article] Monday 12th of December 2016 08:30:10 AM
....”. Asos is one of the companies that have come under scrutiny over working practices at their warehouses in recent months, after the Guardian’s disclosure last year that temporary workers at Sports Direct were being paid less than the minimum wage. ...
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
. Sports Direct has confirmed that the future of its chairman, Keith Hellawell, will be voted on for the second time in four months in January. ...
Capita capitalises on robots before new chair Powell powers in | Nils Pratley image
.... Powell’s verdict is keenly awaited. Morale of staff at Sports Direct has suffered, says chairman Keith Hellawell, but here’s news to cheer them up: profits have halved but the company can still afford to buy a £40m corporate jet. ...
Sports Direct chairman lambasts critics as profits fall image
Source : BBC [Read Article] Thursday 8th of December 2016 07:26:28 AM
. Sports Direct chairman Keith Hellawell has lambasted critics of the sportswear firm, saying an "extreme political, union and media campaign" has damaged its reputation. ...
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
.... The testimony would be fascinating. Back in January 2013, Sports Direct and Merrill Lynch, the sportswear chain’s corporate broker, were said to have parted ways by mutual consent. ...
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. ...
Britain's agency workers underpaid and exploited, thinktank says image
Source : Guardian [Read Article] Monday 5th of December 2016 12:01:08 AM
....The Resolution Foundation thinktank warns that agency staff are the new ‘secret agents’ in the UK labour market, as it begins an 18-month investigation into the whole area of agency work. Its report deplores that the “exploitation of agency staff remains unaddressed,” while the treatment of staff on zero-hours contracts at places like the Sports Direct warehouse in Shirebrook has made headlines and prompted changes. ...
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. ...
Asos accused of underpaying new warehouse staff image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:29:02 PM
.... The policy could have potentially saved the retailer thousands of pounds in pay. The discovery of the pay bands forms the latest in a string of criticisms aimed at companies using temporary workers after the Guardian exposed last year how warehouse workers at Sports Direct were being paid less than the national minimum wage. ...
Government called on to take bolder action on corporate reform image
Source : Guardian [Read Article] Tuesday 29th of November 2016 01:30:49 PM
....The business secretary said the concerns about corporate behaviour related to “a very small number of businesses, which have undermined the reputation of British business generally”. But the shadow business secretary, Clive Lewis, questioned whether the ideas would stop another BHS – a privately owned company which left a £721m pension deficit – or Sports Direct, a stock market company criticised for its employment practices. ...
UK government defends apparent U-turn over workers on boards image
Source : Guardian [Read Article] Tuesday 29th of November 2016 09:37:39 AM
.... Sadly, this green paper looks like offering tokenism rather than a much-needed call to action. “The real test has to be whether these proposals would have saved jobs and pensions at BHS or prevented the gross mistreatment of staff at Sports Direct, and whether they’ll tackle the scourge of low pay and escalated executive pay. ...
Executive pay: Companies told to justify rates image
Source : BBC [Read Article] Tuesday 29th of November 2016 12:07:41 AM
.... . Sports Direct and BHS are the poster children of this new crackdown and some of the measures contained in the Green Paper are designed with those miscreants in mind. ...
Theresa May to unveil boardroom crackdown on private big business image
Source : Guardian [Read Article] Tuesday 29th of November 2016 12:01:33 AM
....“Sadly, this green paper looks like offering tokenism rather than a much-needed call to action. “The real test has to be whether these proposals would have saved jobs and pensions at BHS or prevented the gross mistreatment of staff at Sports Direct, and whether they’ll tackle the scourge of low pay and escalated executive pay. ...
Theresa May should ignore objections to publishing pay ratios | Nils Pratley image
.... Unless something turns up in the next year, a dividend cut looks inevitable. In a ranking of Sports Direct’s governance misdemeanours, possible failure to tell shareholders about a deal with founder Mike Ashley’s brother would not be top of the list. ...

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