Advertisement
UK markets open in 2 hours 26 minutes

  • NIKKEI 225

    38,204.87
    +25.41 (+0.07%)
     

  • HANG SENG

    19,089.83
    -25.23 (-0.13%)
     

  • CRUDE OIL

    79.24
    +0.12 (+0.15%)
     

  • GOLD FUTURES

    2,349.40
    +6.40 (+0.27%)
     

  • DOW

    39,431.51
    -81.29 (-0.21%)
     

  • Bitcoin GBP

    49,784.44
    +1,198.79 (+2.47%)
     

  • CMC Crypto 200

    1,287.39
    +27.19 (+2.16%)
     

  • NASDAQ Composite

    16,388.24
    +47.34 (+0.29%)
     

  • UK FTSE All Share

    4,575.33
    -10.96 (-0.24%)
     

Mike Ashley set to step down from Sports Direct - The Telegraph

Reuters

(Reuters) - Mike Ashley, the Sports Direct billionaire, is preparing to step down as chief executive of his retail empire and hand control to his prospective son-in-law, the Telegraph reported https://www.telegraph.co.uk/business/2021/08/03/mike-ashley-set-step-sports-direct on Tuesday

The 56-year-old is expected to take the role of deputy chairman of Frasers Group in an announcement that may come as soon as Thursday, the report added.

(Reporting by Akriti Sharma in Bengaluru; editing by Jonathan Oatis)