Sports Direct denies spying on MPs
8th Nov 2016 09:05
(ShareCast News) - Sports Direct said it did not authorise or have any knowledge of a device that was said to have been used to record the private conversations of MPs from the Business and Skills Committee during an unannounced visit to its Shirebrook warehouse on Monday. The group said it was "del
Read moreMonday newspaper round-up: Carney's future, BoE meeting, National Grid
31st Oct 2016 07:03
(ShareCast News) - Mark Carney, governor of the Bank of England, is ready to serve a full eight-year term, facing down Brexiteer critics campaigning for him to resign ahead of time. Mr Carney has told friends that he is likely to make a statement on his future this week to put an end to damaging spe
Read moreBroker tips: Sports Direct, Ashmore, Electrocomponents
12th Oct 2016 17:35
(ShareCast News) - Sports Direct International was under the cosh on Wednesday as Cantor Fitzgerald cut its price target on the hold-rated stock to 260p from 320p after the company warned last week that full-year 2017 earnings would be hit by recent currency movements. "The news is obviously disappo
Read moreSports Direct slumps as Cantor cuts target price
12th Oct 2016 14:36
(ShareCast News) - Sports Direct International was under the cosh on Wednesday as Cantor Fitzgerald cut its price target on the hold-rated stock to 260p from 320p after the company warned last week that full-year 2017 earnings would be hit by recent currency movements. "The news is obviously disappo
Read moreSports Direct slides as it warns of currency hit to earnings
7th Oct 2016 15:07
(ShareCast News) - Sports Direct International slid on Friday afternoon as the company warned that its full-year 2017 earnings would take a hit from recent currency movements after sterling tanked overnight. The group said guidance provided in its trading update in September of underlying earnings b
Read moreFriday newspaper round-up: BoE, Brexit, Trade War
23rd Sep 2016 07:36
(ShareCast News) - Mark Carney has urged the government to take decisive action to lift the UK's moribund economy as he said that the central bank could do little to improve Britain's long-term prospects. Politicians need to make the running now by taking bold decisions on public spending and econom
Read moreSports Direct appoints Mike Ashley CEO
23rd Sep 2016 07:31
(ShareCast News) - Mike Ashley, the retailer's founder and majority shareholder, was appointed chief executive of Sports Direct on Friday. Ashley, who was previously executive deputy chairman and took no salary, will replace Dave Forsey, who resigned on Thursday amid scandal at the retailer for i
Read moreSports Direct to carry out independent review of working practices
20th Sep 2016 07:40
(ShareCast News) - Sports Direct International has agreed to undertake an independent review of its working practices and corporate governance. The retailer had previously said that its regular legal adviser, RPC, would carry out another investigation. However, at the company's annual general meeti
Read moreSector movers: Grocers and non-life insurers lead gains
15th Sep 2016 14:11
(ShareCast News) - Grocers and non-life insurance paced advances, with Morrisons buoying the former after posting what analysts described as an "encouraging" set of interims. Wm Morrison saw like-for-like sales excluding fuel and VAT increase by 1.4% during the first six months of the year, driving
Read moreAlmost 3% of UK workers have "zero hours" contracts, ONS reveals
8th Sep 2016 11:50
(ShareCast News) - The Office for National Statistics has revealed that almost 3% of workers in the UK are working on a "zero hours" contract basis. The practice has come under scrutiny in recent times as some employers have been accused of taking advantage of workers by not guaranteeing a set amoun
Read moreThursday newspaper round-up: Sports Direct, Coutts, HSBC
8th Sep 2016 07:21
(ShareCast News) - US billionaire John Malone's Liberty Media has agreed to take control of Formula One in a deal valuing the sport at $8bn. The two-part manoeuvre will initially see the US media group buy 18.7 per cent of F1 parent company Delta Topco for $746m in cash from a consortium of sharehol
Read moreWednesday share tips: Sports Direct, Ashmore
7th Sep 2016 15:29
(ShareCast News) - Share buy-backs may not add value, but they do serve a signalling function, the Financial Times´s Lex column said. That is especially so in the case of Sports Direct, according to the tipster. As if the furor around the company´s work practices were not enough, the drop in ste
Read moreSports Direct earnings fall short as Ashley commits to future
7th Sep 2016 07:10
(ShareCast News) - On the day of an investor showdown at its annual shareholder meeting, Sports Direct International said it expects earnings to fall over 20% this year but added that, contrary to much media speculation, founder Mike Ashley was not planning to take the company private any time soon.
Read moreSports Direct asks law firm to lead a further review into labour conditions
6th Sep 2016 07:51
(ShareCast News) - Sports Direct asked law firm Reynolds Porter Chamberlain (RPC) on Tuesday to lead a further comprehensive review of working practices at the retailer. The FTSE 250 listed company initially asked the law firm to investigate and review working practices at Sports Direct in the last
Read moreThree pension funds plan to block Sports Direct chairman re-election
2nd Sep 2016 17:03
(ShareCast News) - Three pension funds are the latest in a round of shareholders who have said they plan to support a trade-union backed motion to call for an independent review of workplace practices at Sports Direct and block the re-election of its chairman. US public pension funds CalPers and Cal
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