Sports Direct results sees employees miss out
7th Jul 2016 08:00
(ShareCast News) - High street retailer Sports Direct reported on a "disappointing" year on Thursday, with retail revenue excluding Heatons improving by just 0.6%. The FTSE 250 firm said total group revenue was up 2.5% to £2.9bn in the year to 24 April, with gross group margin improving 0.4% to 44.2
Read moreGoldman takes down price targets on UK General Retailers
27th Jun 2016 12:49
(ShareCast News) - Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium. Combined, those three factors drove an
Read moreSports Direct says Brexit volatility, weak pound to hit 2017 purchase prices
24th Jun 2016 13:40
(ShareCast News) - Sports Direct International said the outcome of the European Union referendum and ensuing market volatility - namely sterling weakness - will impact purchases for full-year 2017 for which the company is currently not hedged. The group pointed to a lack of transparency as to the st
Read moreSports Direct in talks to buy US rival's stores
21st Jun 2016 07:34
(ShareCast News) - Sports Direct International and US retail peer Modell's Sporting Goods have begun joint talks about potentially buying several hundred stores from bankrupt rival Sports Authority, according to reports. Any bids for the sporting goods retailer's store leases are due on Thursday, th
Read moreSports Direct misleads with online Arsenal advert, finds advertising regulator
15th Jun 2016 12:33
(ShareCast News) - Sports Direct has been found guilty by advertising watchdog of making misleading offers for football kits on its website. The Advertising Standards Authority banned the "misleading" advert for an Arsenal FC football kit - and any similar repeats - as it said the FSTE 250 sports re
Read moreSunday newspaper round-up: Brexit warnings, Rio Tinto copper, Sports Direct
12th Jun 2016 17:19
(ShareCast News) - The Bank of England will face huge pressure to cut interest rates to new lows if Britain opts to quit the EU, according to international investors cited by the Sunday Times. With online and phone polls indicating the result is too close to call, fears that a Brexit vote could dera
Read moreFTSE 250 movers: Sports Direct surges as Tullett Prebon slips
7th Jun 2016 14:49
(ShareCast News) - The FTSE mid-cap eked out minor gains in an overall quiet session except for Sports Direct boss Mike Ashley's candid turn before the Commons Business, Innovation and Skills Select Committee. Ashley alleged Sports Direct, whose shares rose more than 5% as the market reacted positiv
Read moreSports Direct better than a union, Ashley tells MPs
7th Jun 2016 13:11
(ShareCast News) - Controversial Sports Direct boss Mike Ashley told MPs on Tuesday that his company could do a better job than a union when it came to looking after workers. Ashley appeared before the Commons Business, Innovation and Skills Select Committee after completing two u-turns over whether
Read moreSports Direct's Ashley thanks workers ahead of select committee
7th Jun 2016 07:34
(ShareCast News) - High street retailer Sports Direct published a statement on Tuesday, over the decision from chairman Mike Ashley to appear before the Business, Innovation and Skills Select Committee. The FTSE 250 firm confirmed Ashley will give evidence to the committee at 1100 BST. Its board sa
Read moreSports Direct's Ashley agrees to appear before MPs
6th Jun 2016 08:52
(ShareCast News) - The row between Mike Ashley and a parliamentary committee took a new twist when the Sports Direct boss performed a u-turn and decided to appear before MPs. While initially refusing to attend a meeting of the Business select committee, Ashley said he had changed his mind and would
Read moreMonday newspaper round-up: Brexit, BHS, WPP, Radley
6th Jun 2016 07:22
(ShareCast News) - Nigel Farage, leader of the UK Independence party, has said a British vote to leave the EU would be the first step in what he hoped would be the disintegration of the bloc. In an interview with the Financial Times, the Eurosceptic MEP's comments onEurope's future are some of his m
Read moreSunday newspaper round-up: Universal basic income, Brexit polls, Port Talbot
5th Jun 2016 22:37
(ShareCast News) - Labour is considering backing the idea of a universal basic income - a radical transformation of the welfare state that would ditch means-tested benefits in favour of a flat-rate payment. John McDonnell, the shadow chancellor, who is keen to find policies to match his slogan of a
Read moreMike Ashley cancels hearing with MPs
3rd Jun 2016 14:32
(ShareCast News) - Controversial Sports Direct boss Mike Ashley has pulled out of a planned hearing in front of MPs, blaming his lawyer's schedule for the decision. The Commons Business, Innovation and Skills committee said it wants to question Ashley over his company's treatment of employees, with
Read moreFriday newspaper round-up: Brexit, Hinkley Point, Sports Direct, BHS
27th May 2016 06:59
(ShareCast News) - G7 leaders warned on Friday that a British vote to leave the EU next month would seriously threaten the world economy, as they promised "more forceful" policies to boost global growth but papered over differences about fiscal stimulus. "There are potential shocks of a non-economic
Read moreMonday broker round-up
23rd May 2016 18:04
(ShareCast News) - Royal Mail: RBC upgrades to sector perform with a 525p target. Weir: HSBC upgrades to buy with a 1450p target. Sports Direct: Goldman Sachs downgrades to neutral with a target price of 400p. Easyjet: Macquarie reiterates outperform with a target of 2100p. ICAP: Credit Suisse re
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