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....The latest figures show a break in the upward trend for zero-hours contracts, which have drawn the ire of politicians and union leaders. Businesses including Sports Direct have been heavily criticised for using them, while a group of McDonald’s workers in Cambridge and Crayford, south-east London, went on strike over low wages and the use of zero hours contracts. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 10:20:15 AM
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....15am, invitees have been told. What does the future hold for retailer French Connection? Less than two months ago, Mike Ashley’s Sports Direct increased its stake in the company to around 27%, taking it close to a level where it must launch a takeover bid. ... [Read full article on Guardian ]
Sunday 17th of September 2017 09:31:18 AM
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Latest Finance News related to Sports Direct

Number of workers on zero-hours contracts drops to three-year low image
Source : Guardian [Read Article] Tuesday 19th of September 2017 10:20:15 AM
....The latest figures show a break in the upward trend for zero-hours contracts, which have drawn the ire of politicians and union leaders. Businesses including Sports Direct have been heavily criticised for using them, while a group of McDonald’s workers in Cambridge and Crayford, south-east London, went on strike over low wages and the use of zero hours contracts. ...
Former BHS owner could face fine if the charges stick image
Source : Guardian [Read Article] Sunday 17th of September 2017 09:31:18 AM
....15am, invitees have been told. What does the future hold for retailer French Connection? Less than two months ago, Mike Ashley’s Sports Direct increased its stake in the company to around 27%, taking it close to a level where it must launch a takeover bid. ...
Sports Direct challenged by MPs over claims it underpays couriers image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:32:43 PM
. MPs on two parliamentary select committees have challenged Sports Direct over claims it is deliberately under-paying couriers by mislabeling heavy items, including bicycles, as lightweight packets to avoid paying the fair delivery cost. ...
Superdry's co-founders to share wealth with 4,500 employees image
Source : Guardian [Read Article] Wednesday 13th of September 2017 06:35:18 AM
.... In 2011 the company told Japanese TV that it used a simple machine translation to generate Japanese text and it was aware that it often didn’tmake sense. The SuperGroup employee share scheme comes soon after Sports Direct handed £43m in share bonuses to a group of nearly 2,000 permanent staff who took part in an incentive scheme launched in 2011. ...
JD Sports Fashion rides athleisure boom as sales rise by more than 40% image
Source : Guardian [Read Article] Tuesday 12th of September 2017 12:10:58 PM
....Shares in the group closed up nearly 9%, taking its stock market value to £3. 3bn, more than £1bn ahead of its rival and former shareholder Sports Direct, which suffered a 60% fall in profits in the year to the end of April. ...
Global shockwaves from electric cars will be here sooner rather than later image
Source : Guardian [Read Article] Sunday 10th of September 2017 06:00:29 AM
....Mike Ashley may be treating himself to a decent pint, or 12, this weekend. In the great showdown at Sports Direct last week, the founder and chief executive confounded his critics and won. ...
Sports Direct pays out £43m bonus among 2,000 staff image
Source : Guardian [Read Article] Friday 8th of September 2017 06:21:35 PM
. Sports Direct has handed £43m in share bonuses to a group of nearly 2,000 permanent staff who took part in an incentive scheme launched in 2011. ...
The City's timidity has let Sports Direct's Keith Hellawell survive | Nils Pratley image
....This episode showed that very occasionally, the fund management industry’s bark about the importance of sound boardroom governance is accompanied by bite. The survival of Keith Hellawell at Sports Direct demonstrates how rare these moments are. ...
Sports Direct chairman narrowly survives shareholder revolt image
Source : Guardian [Read Article] Wednesday 6th of September 2017 12:13:16 PM
. The Sports Direct chairman, Keith Hellawell, has defended the use of zero-hours contracts as he survived a shareholder rebellion over his role at the retailer. ...
Help-to-buy scheme aids some buyers, but boosts builders even more | Nils Pratley image
.... The chance of getting a penny out of the Guptas in these circumstances was always roughly zero. If Keith Hellawell, chairman of Sports Direct, was serious about the commitment he gave a year ago to earn the respect of outside shareholders, there was one easy course of action open to him: he could have met a few rebels. ...
Sports Direct fails to meet 2016 pledge on working conditions image
Source : Guardian [Read Article] Tuesday 5th of September 2017 10:21:04 AM
. Sports Direct has failed to meet a pledge to offer guaranteed hours to shopworkerss and transfer some warehouse staff to permanent contracts a year after promising widespread changes in working practices. ...
Bell Pottinger is a textbook example of how not to manage a crisis | Nils Pratley image
.... Sometimes ugly spin has to be seen to catch up with the spinner. What would follow if Sports Direct’s independent shareholders vote to dump Keith Hellawell as chairman at Wednesday’s annual meeting?. ...
The longer Brexit stays up in the air, the higher the risk flights will be grounded image
....Mike Ashley tends to eschew City conventions – and next week will be no different. The Sports Direct founder and chief executive will not be attending his company’s annual general meeting, as he avoids a repeat of last year’s mild farce, when he took journalists on a guided tour of his Shirebrook warehouse in Derbyshire. ...
New M&S chairman faces tough task turning round high-street institution | Shane Hickey image
....And here we go again. Nary a week goes by that the exploits of Mike Ashley and Sports Direct do not hit the news. ...
Sports Direct workers invited to press sad or happy emoji clocking in image
Source : Guardian [Read Article] Friday 1st of September 2017 03:33:38 PM
. Sports Direct warehouse staff who say they are unhappy with their working conditions are being identified by their fingerprints and asked to explain their grievances to management, according to the trade union Unite. ...
Sports Direct's Mike Ashley sues former business partner over £3m golf course scheme image
....Ashley claims his former “trusted friend” Tony Jimenez, an executive at Newcastle United under Ashley until 2008, lured him into handing over £3m linked to a fraudulent investment in a French golf course. The Sports Direct boss is seeking £3m plus interest of about £800,000 in recompense for breach of contract. ...
Should companies be forced to put workers on boards? | Frances O’Grady and Sam Bowman image
....Theresa May has a talked a big game on corporate reform. As scandals at Sports Direct and BHS dented the reputation of corporate Britain, she promised to take tough action. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
Sports Direct loses biggest independent investor image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:40:54 PM
. Sports Direct has lost its biggest independent investor as some fund managers fear the crisis-hit retailer is incapable of addressing its corporate governance issues. ...
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
. The Low Pay Commission founding member tasked with enforcing workers’ rights has pledged to jail rogue bosses and investigate failing industries as part of the government’s latest response to workplace scandals uncovered at companies including Sports Direct. ...
Yes, the gender pay gap rules are flawed. But they’re the best hope of making things better image
....MPs have shown their willingness to take direct action in the past. Six MPs turned up at Sports Direct’s warehouse after reports by the Guardian led to concerns about working practices there. ...
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. ...
Low-paid workers need better job satisfaction, No 10 review will say image
....The review was ordered by Theresa May following revelations about low pay and the lack of basic employment rights endured by many workers in sectors including parcel delivery, minicab driving and warehouse work. The Guardian exposed poor pay and conditions for workers in gig economy companies including the courier firm Hermes, and revealed how Sports Direct in effect paid agency workers at its Shirebrook warehouse in Derbyshire less than the minimum wage. ...
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. It was a chance to hear about the business practices of one of Britain's most unusual self-made men, who built Sports Direct from a single shop into a multi-billion pound business. ...
Mike Ashley dismisses claim he offered expert £15m as nonsense image
Source : BBC [Read Article] Wednesday 5th of July 2017 03:23:23 PM
.... . Investment banker Jeffrey Blue said the Newcastle United owner promised to pay him £15m if he increased Sports Direct's share price to £8 each. ...
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. The billionaire founder of Sports Direct repeatedly accused Jeff Blue, the banker he allegedly promised the bumper pay day, of being a “liar” and dismissed suggestions that he often makes multi-million pound deals while drunk in the pub as “total crap”. ...
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”. ...
Zero-hours contracts affect young people's health, study finds image
Source : Guardian [Read Article] Tuesday 4th of July 2017 11:01:12 PM
....People on zero-hours contracts do not have set working hours a week, although there can be pressure for them to come in when needed. Companies including Sports Direct and McDonald’s have been criticised for using such employment methods. ...
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
....The Newcastle United owner is being sued by Jeffrey Blue at London's High Court. Mr Blue said he was promised £15m if he managed to increase Sports Direct's share price to £8, but that he only received £1m. ...
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
....The Newcastle United owner is being sued by finance expert Jeffrey Blue at London's High Court. He claims Mr Ashley often held meetings in pubs, and at one time promised to pay him £15m if he managed to increase Sports Direct's share price to £8. ...
How low does Uber have to go before we stop using it? image
Source : Guardian [Read Article] Thursday 8th of June 2017 01:27:04 PM
.... But the numbers involved seem small, and there’s been no indication that it’s served to hit the company’s bottom line at all. Instead, Uber has entered that rarified portion of the market, alongside companies like Ryanair and Sports Direct, where unpleasantness is now an assumed part of the brand. ...
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. ...
Unions say Tories' zero-hours workers' review doesn't go far enough image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 09:42:36 AM
....7m zero-hours contracts, representing 6% of all employment contracts, across 905,000 workers at the end of last year. Zero-hours contracts are common among big retailers such as Sports Direct, restaurants such as McDonald’s, and among leisure companies and hotels. ...
Sports Direct recruiter Transline sold to rival Russell Taylor Group image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:16:24 PM
....Transline, the controversial employment agency, has been bought out by rival Russell Taylor Group after falling into administration. The agency, which supplies workers to Sports Direct’s warehouse in Shirebrook, got into financial difficulties after losing several clients, including Amazon and Asos, in recent months. ...
Number of zero-hours contracts stalls at 'staggering' 1.7m image
Source : Guardian [Read Article] Thursday 11th of May 2017 12:31:31 PM
....Employees on zero-hours contracts are not guaranteed a minimum number of hours in any given week. The contracts have been widely used by retailers, restaurants, leisure companies and hotels, including Sports Direct and McDonald’s, and tend to be most commonly used at larger firms. ...
Zero hours workers are 'missing out on paid holidays' image
Source : BBC [Read Article] Monday 8th of May 2017 12:35:20 PM
.... . Sports Direct came under fire last year for its working conditions, including at its Shirebrook distribution centre. ...
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. ...
Employment agency Transline and the art of alternative facts image
Source : Guardian [Read Article] Saturday 6th of May 2017 10:49:09 AM
. Transline, the temporary recruiter that became embroiled in the Sports Direct scandal, is many things to many different audiences. ...
Asos dumps controversial temp agency as Sports Direct row continues image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 06:17:22 PM
....”. The employment agency has experienced a torrid 16 months since the publication of a Guardian investigation into working conditions at Sports Direct, which resulted in a deal where the retailer, Transline and a second agency, the Best Connection, agreed to make about £1m available in back pay to affected workers. ...
Cycling fashion outfit Rapha plots route into the fast lane image
Source : Guardian [Read Article] Monday 1st of May 2017 01:44:14 PM
....The morning commuter peloton can be a sight. While professional cyclists whizz through tours in a blur of neon Lycra and bulging quads, dedicated amateurs often resort to makeshift gear such as flapping Sports Direct jogging bottoms and sweaty cagoules for the schlep to work. ...
Sports Direct staff supplier Transline faces administration image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:57:01 PM
. An employment agency that provides staff for Sports Direct's largest warehouse is facing administration. ...
Sports Direct agency Transline preparing for insolvency image
Source : Guardian [Read Article] Wednesday 26th of April 2017 10:49:04 AM
. Transline, the temporary employment agency that became embroiled in the Sports Direct scandal, has submitted court documents preparing the company for insolvency. ...
McDonald’s offers fixed contracts to 115,000 UK zero-hours workers image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:23:29 PM
....The move is a significant development in the debate about employee rights because McDonald’s is one of the biggest users of zero-hours contracts in the country. Sports Direct has also used workers on zero-hour contracts in its shops. ...
Sports Direct breaks into US market image
Source : BBC [Read Article] Friday 21st of April 2017 08:32:02 AM
. Sports Direct has snapped up the US sports clothing and outdoor equipment chains Bob's Stores and Eastern Mountain Sports in a $101m (£79m) deal. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... We learned more about how Green runs his retail empire – and the role of hangers-on like Goldman Sachs – than seemed possible at the outset. A similar forensic approach had already been taken at Sports Direct, where Wright rightly insisted that Ashley should appear in person. ...
Sports Direct workers' representative faces 'uphill struggle' – union image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:37:03 AM
. Sports Direct has elected an employee to attend its board meetings, after a series of scandals last year over the way the company is run and treats its staff. ...
Tesco looks to draw a line under accounting scandal image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
....” “No, but I’ll outrun you,” is the response. Compared to its rival Sports Direct, JD Sports Fashion is the explorer wearing the trainers. ...
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
. British businesses must crack down on excessive pay for bosses and improve boardroom diversity to restore public trust after scandals at Sports Direct and collapsed retailer BHS, MPs have warned. ...
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. ...
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. ...

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