Sports Direct boosts stake in Iconix
21st Jan 2016 17:55
(ShareCast News) - Sports Direct took advantage of the recent weakness in equity markets to boost its stake in Nasdaq-listed Iconix Brands to 14.4%, according to an amended filing with that country's stock market regulator, the Securities and Exchange Commission. The company founded by Mike Ashley s
Read moreFTSE 100 movers: BHP and Shell lead fall, Randgold and Sports Direct only risers
20th Jan 2016 14:48
(ShareCast News) - The FTSE 100 was wallowing in negative territory on Wednesday afternoon, with resources stocks leading the retreat. At 1530 the blue chip index was down 3% at 5,700.26, with BHP Billiton the biggest faller. Earlier, the miner had unveiled a mixed second-quarter trading update, ma
Read moreFTSE 100 movers: Sports Direct falls as shareholder's concerns laid out
18th Jan 2016 14:06
(ShareCast News) - The FTSE 100 was in a slow decline by mid-afternoon Monday, down 27.76 points (0.48%) to 5,776.34. Sports Direct was the biggest faller after one of the retailer's major investors voiced its concerns about its relationship with Nike as well as its website offering. In comments pu
Read moreThursday newspaper round-up: Sports Direct, CMC Markets, China
14th Jan 2016 06:49
(ShareCast News) - Hedge fund manager Crispin Odey used the weakness in Sports Direct's share price following its profit warning last week to rebuild his stake in the retailer. Despite saying last Friday he had "seen the writing on the wall", Mr Odey's hedge fund, which bears his name, is understood
Read moreFTSE 100 movers: China confidence boosts miners
13th Jan 2016 14:05
(ShareCast News) - The FTSE 100 was in the black again on Wednesday, up 73.00 points (1.23%) by mid-afternoon to 6,002.24. Miners led the way as confidence was restored somewhat in China, the world's largest commodities importer after data showed China's trade surplus rose more than expected. It wi
Read moreSports Direct snaps up stakes in Dick's Sporting Goods and Iconix Brand
13th Jan 2016 07:24
(ShareCast News) - Under-fire retailer Sports Direct has revealed two 'strategic' investments in the US as it looks to reduce reliance on its domestic market. The sports discounter, which last week warned on profits amid widespread criticism about the treatment of its staff, has snapped up an 11.5%
Read moreFTSE 100 movers: Anglo surges on report Brazil business sale process underway
11th Jan 2016 14:13
(ShareCast News) - The FTSE 100 continued to bounce around on Monday, with the market up 6.36 points (0.11%) to 5,918.80 points by mid-afternoon. On a day of lacklustre metals trading, with key commodities down halfway through the afternoon session, investors took to heart news that Anglo American i
Read moreFTSE 100 movers: Tesco leads market on positive broker note
8th Jan 2016 14:17
(ShareCast News) - London's blue-chip market was still in the black by mid-afternoon Friday, recovering some of the week's losses, with the FTSE 100 was up 19.22 points (0.32%) to 5,973.30 points. Tesco led the risers as Barclays upgraded the stock to 'overweight' from 'equalweight'. It said recent
Read moreSports Direct shares tank on profit warning
8th Jan 2016 11:48
(ShareCast News) - Sports Direct International tumbled after saying it is no longer confident of meeting its adjusted underlying core earnings target for the full year due to deteriorating trading conditions on the high street and unseasonal weather over Christmas. The sports clothing retailer, whic
Read moreWednesday newspaper share tips: A good opportunity to snap up Next
6th Jan 2016 10:27
(ShareCast News) - Despite a worrying set of Christmas trading results from Next on Tuesday, The Times' Tempus is recommending traders 'buy long term'. In its much anticipated post-Christmas trading update, Next revealed sales were below expectations but said profits were within the range of guidanc
Read moreTuesday newspaper round-up: HSBC, Sports Direct, Saudi Arabia
5th Jan 2016 07:05
(ShareCast News) - HSBC will not face formal action from the City regulator following revelations that the Swiss arm of Britain's biggest bank helped clients to evade tax. HSBC was engulfed in scandal a year ago when leaked bank account details showed how the bank's Swiss unit helped wealthy custome
Read moreSports Direct to pay directly employed staff, casual workers above minimum wage
31st Dec 2015 07:03
(ShareCast News) - Sports Direct said it would pay its directly employed staff and casual workers above the National Minimum Wage from 1 January 2016. The company, which has been under fire over a recent newspaper investigation over the way it treats staff at its main warehouse, said the pay rise wo
Read moreLondon close: Stocks end lower on slump in commodities
30th Dec 2015 16:19
(ShareCast News) - UK stocks slumped on Wednesday as shares in mining and oil producers declined. Oil prices reversed the previous day's gains on concerns about a supply glut after a report showed an unexpected rise in US crude inventories. The Energy Information Administration said US crude invent
Read moreFTSE 100 movers: Worldpay strong but banks out of favour
30th Dec 2015 14:18
(ShareCast News) - London's FTSE 100 was down 0.6% to 6,274.20 at 1425 GMT, giving back some gains following a solid performance in the previous session, in holiday-thinned trade. With volumes low and many traders still away from their desks for the Christmas and New Year holidays, there was no real
Read moreSports Direct hits back at Guardian claims
18th Dec 2015 07:41
(ShareCast News) - Sportswear retailer Sports Direct issued a statement on Friday defending the way it treats its staff following a damning report in the Guardian. The company said criticism of the way it treats its staff was "unfounded" as it announced that founder and deputy chairman Mike Ashley
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