Broker tips: Sports Direct, Royal Mail, Inmarsat
23rd May 2016 12:24
(ShareCast News) - Goldman Sachs has downgraded Sports Direct International to a 'neutral' rating and taken the retailer off its Pan-Europe Buy List after cutting its earnings per share (EPS) forecasts for this and next year. "We expect the combination of a demanding European apparel demand environm
Read moreGoldman Sachs downgrades Sports Direct on margin concerns
23rd May 2016 08:44
(ShareCast News) - Goldman Sachs has downgraded Sports Direct International to a 'neutral' rating and taken the retailer off its Pan-Europe Buy List after cutting its earnings per share (EPS) forecasts for this and next year. "We expect the combination of a demanding European apparel demand environm
Read moreThursday newspaper round-up: Pensions, Rolls-Royce, BHS
19th May 2016 07:16
(ShareCast News) - The Bank of England's chief economist has admitted that the British pensions system is so complicated, even he fails to understand it, warning of the "damaging" consequences this presents for consumers as they approach retirement. Andy Haldane said he considered himself to be "mod
Read moreTuesday newspaper round-up: Sports Direct, London property, cyber crime
17th May 2016 06:53
(ShareCast News) - Mike Ashley, the founder of Sports Direct, has for the first time agreed to appear before MPs in Westminster next month to give evidence about the retailer's workplace practices. However, he has done so on the condition that the politicians visit his Shirebrook premises the day be
Read moreSports Direct dumps JD shares as BHS remains in play
3rd May 2016 21:18
(ShareCast News) - Sports Direct has continued to dispose of shares in rival JD Sports as chairman Mike Ashley eyes a move to rescue the collapsed BHS chain. The sports goods discounter sold 1.45m shares, taking its stake to 9.68m or 4.97%, from the previous 11.13m or 5.72% it was left with after it
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read moreBHS goes into administration after Sports Direct talks fail
25th Apr 2016 07:36
(ShareCast News) - UK retailer BHS was placed in administration on Monday, putting almost 11,000 jobs at risk. Administrators Duff & Phelps said they will try to sell BHS as a going concern, with stores trading as usual and staff remain in roles, for now. "The group has been undergoing restructu
Read moreSunday newspaper round-up: Barclays, Battersea, Retailers
24th Apr 2016 11:25
(ShareCast News) - Barclays has come under attack from top investors over its plummeting share price and "confusing" turnaround plans. Britain's second-biggest bank by assets is braced for an onslaught at this week's annual meeting, with shareholders set to vent their spleen over its dire performanc
Read moreSports Direct hits out at Guardian
13th Apr 2016 08:05
(ShareCast News) - Sports Direct hit out at the Guardian on Wednesday morning, defending its new shop-and-office property deal on Oxford Street in London's West End. The newspaper reported the deal on Tuesday, and highlighted the fact that it was overseen by Michael Murray - the boyfriend of Sports
Read moreSports Direct buys Oxford Street property
12th Apr 2016 07:40
(ShareCast News) - Sports Direct looked set to expand its West End footprint on Tuesday, acquiring the freehold property at 161-167 Oxford Street and 36 Poland Street from Aviva Investors nominee CIP Property. The FTSE 250 retailer said it intends to redevelop the property, after which it intends to
Read moreTuesday newspaper share tips: Sports Direct, Anglo American
5th Apr 2016 15:34
(ShareCast News) - Shares in Sports Direct look cheap; indeed, founder Mike Ashley might one day even be tempted to take it private, but for now they're best avoided, The Times's Tempus said. The company is an odd one, what with its colourful deputy chairman and founder Ashley's brief, impromptu and
Read moreWednesday newspaper round-up: Brexit, EDF, Tata, Sports Direct, BoE
30th Mar 2016 07:19
(ShareCast News) - Bank of America is warning senior staff not to use the word "Brexit" when talking to clients as it tries to steer clear of the raging debate over the UK's membership in the European Union. The US bank last week told managers "not to provide opinions, not to influence voters, not t
Read moreSports Direct says full year earnings will be at bottom of range
23rd Mar 2016 07:25
(ShareCast News) - Sports Direct put out a statement clarifying that its earnings for the full year to the end of April will be at the bottom of the range announced back in January, after shares in the retailer tumbled on Tuesday following comments from founder Mike Ashley. The company had said on 8
Read moreSports Direct tumbles as Ashley says profits will fall
22nd Mar 2016 10:22
(ShareCast News) - Sports Direct International shares were under pressure on Tuesday after founder Mike Ashley said the company was not trading well. Ashley told The Times he was concerned that the sportswear retailer was losing momentum and said he would refuse to appear before a Commons select com
Read moreTuesday newspaper round-up: Sports Direct, Brexit, gender pay gap
22nd Mar 2016 07:23
(ShareCast News) - Investors have suffered losses of at least $150bn in the value of oil and gas company bonds, as the slump in crude prices since the summer of 2014 has fuelled fears of a wave of defaults in the US and emerging markets. The 300 largest global oil and gas companies have also seen $2
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