|Bid||4.358 x 215700|
|Ask||4.466 x 213100|
|Day's range||4.446 - 4.451|
|52-week range||2.974 - 4.771|
|PE ratio (TTM)||9.02|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Sportswear billionaire Mike Ashley has closed almost half of Sports Direct International Plc’s concessions in the stores of struggling U.K. department store operator Debenhams Plc as he pursues a more ...
The embattled chairman of British retailer Sports Direct survived a vote to oust him by a slim margin on Wednesday, after he said he would resign if a majority of independent shareholders voted against him for a third time. Investors have blamed Keith Hellawell for a string of management and governance failures at Sports Direct and accuse him of being unable to control Mike Ashley - the retailer's billionaire founder, chief executive and 61 percent shareholder. Hellawell, a former police chief constable and government drugs czar who has chaired Sports Direct for eight years, received the backing of 53.24 percent of votes cast by the company's independent investors at its annual general meeting.
The embattled chairman of Sports Direct has narrowly been re-elected at its annual meeting of shareholders, the British retailer said on Wednesday. Keith Hellawell secured 53.2 percent of independent shareholder ...
Ahead of a shareholder vote on Keith Hellawell's future, dark clouds were gathering above its controversial Shirebrook warehouse amid opposition to his reappointment and new allegations relating to the retailer's treatment of staff.
The annual shareholders' meeting of Sports Direct has concluded with the firm saying the results of investor votes will be announced through the Regulatory News Service later on Wednesday. Chairman Keith ...
Sports Direct's embattled chairman Keith Hellawell could be forced to honour a pledge to step down on Wednesday if independent shareholders don't back him at the British retailer's annual meeting. Investors have blamed Hellawell, a 75-year-old former police chief constable and government drugs czar, for a string of management and governance failures at the sports retailer, as well as for his perceived inability to control Mike Ashley, its billionaire founder and chief executive. Hellawell only kept his job a year ago thanks to Ashley, who used his majority shareholding to win a vote on his chairman's re-election.
Mike Ashley, the billionaire chief executive of Sports Direct, which has been heavily criticised for its treatment of workers and poor corporate governance, will skip the British retailer's annual general meeting next month. The company said Chairman Keith Hellawell will preside over the Sept. 6 meeting at the company's headquarters in Shirebrook, in the East Midlands. "...Mike Ashley recently hosted a detailed and constructive Q&A session with stakeholders in July, and due to conflicting demands for his time in other areas of the business, with the agreement of the Board he will not be required to attend this year's AGM," the sportswear chain said in a statement on Friday.
Two of Sports Direct's biggest independent shareholders are selling out of the troubled stock, according to a report in the Guardian. The paper reports on Friday that Standard Life Investments, Sports Direct's biggest independent shareholder, sold its entire 5.8% stake in the discount sports retailer. Aviva has also reportedly reduced its shareholding.
A former Merrill Lynch banker on Wednesday lost his claim that Mike Ashley, founder and boss of British retailer Sports Direct, promised him a 15 million pound ($20 million) bonus during a heavy drinking session. Jeffrey Blue alleged that Ashley pledged during a meeting at the Horse & Groom, a pub close to Sports Direct's central London office, in January 2013 to pay him the bonus if he could double Sports Direct's share price to 8 pounds within three years. Sports Direct's shares, which were listed at 3 pounds in 2007, rose above 8 pounds in February 2014, but Blue said Ashley reneged on their deal, paying him 1 million pounds.
British retailer Sports Direct reported a 29 percent slump in annual earnings, hurt by a weaker pound since the Brexit vote, but its shares soared on a forecast of growth this year and hopes management is finally getting its house in order. The sportswear chain, founded and run by billionaire Mike Ashley, has been heavily criticised for its treatment of workers and poor corporate governance. Having failed to offset the risk of currency fluctuations for its 2016-17 financial year, the company put a hedge in place after the Brexit vote but that backfired too.
Profits at discount sports retailer Sports Direct collapsed by more than half last year, after the collapse in the value of the pound, costs related to a pay scandal, and issues with international stores all ate into earnings. Ashley, who is currently involved in a bitter legal dispute with a former business partner, said in the results statement: "Sports Direct is on course to become the "Selfridges" of sport by migrating to a new generation of stores to showcase the very best products from our third party brand partners.
Mike Ashley's Sports Direct empire has taken a 26% stake in Game Digital (Frankfurt: A11543 - news) , the troubled video games retailer has disclosed. The announcement confirms an exclusive report by Sky News on the latest deal by Mr Ashley, the billionaire tycoon and Newcastle United owner. It said: "Game is pleased that the strategic value of the group has been recognised by Sports Direct through this acquisition.
Sky News first reported the stake on Wednesday evening. Game said in a statement on Thursday morning it "is pleased that the strategic value of the group has been recognised by Sports Direct through this acquisition of a 25.75% stake. Sports Direct's motive for taking the stake is unclear.
The billionaire tycoon Mike Ashley has added a 25% stake in the video games retailer Game Digital (Frankfurt: A11543 - news) to a high street shopping list that also includes Debenhams (Frankfurt: D2T.F - news) and French Connection (LSE: FCCN.L - news) . Sky News has learnt that Sports Direct International (Other OTC: SDIPF - news) , the chain controlled by Mr Ashley, is understood to have bought the stake in recent days.
Former lieutenants of Mike Ashley, the billionaire founder of Sports Direct, lined up to testify at the High Court on Monday that they had no knowledge of an alleged £15 million deal struck in a pub with ex-advisor Jeff Blue. Blue is suing Ashley, claiming the retail tycoon reneged on a deal agreed in 2013. Former Sports Direct finance director Barry Leach and former chairman Keith Hellawell both appeared in the witness box on Monday.
Mike Ashley has told a High Court judge he likes to get drunk, describing himself as a "power drinker". The Sports Direct boss and Newcastle United owner made the comments as he gave evidence ...
Sports Direct boss Mike Ashley told the High Court that he was not "Obi-Wan Kenobi running the Death Star" as he gave evidence over a £14m legal claim against him. The bizarre Star Wars reference came as the tycoon dismissed the case brought by investment banker Jeffrey Blue as "nonsense" and referred to Mr Blue as "that liar". The case centres on a conversation said to have taken place between Mr Blue and Mr Ashley during a night of heavy drinking at central London pub the Horse & Groom in 2013.
Blue is suing Ashley for alleged non-payment of a bonus. Blue claims Ashley agreed to pay him a £15 million bonus if he could help double Sports Direct's share price to £8. The deal was allegedly struck during a meet up at the Horse & Groom pub in London in February 2013.
Sports Direct founder Mike Ashley made undocumented personal payments to executives including former CEO Dave Forsey, a court has heard. Blue claims he was told by two Sports Direct executives and the CEO of Sports Direct's biggest rival, JD Sports, that Dave Forsey, who was CEO of Sports Direct until last year, was among those executives "personally paid substantial bonuses" by Ashley.
Discount sports retailer Sports Direct raised its bet on the stock of struggling department store Debenhams. Filings on Monday show that Sports Direct now has an indirect 17.08% stake in the retailer through financial instruments. As Business Insider pointed out back in March, Sports Direct's interest in Debenhams is not a straight forward one.
The only female director of Sports Direct has quit, dealing another blow to the British sportswear retailer's corporate governance. The firm, controlled by founder and chief executive Mike Ashley, said on Thursday Claire Jenkins had resigned with immediate effect from her position as a non-executive director. Sports Direct's statement to the Stock Exchange gave no reason for her abrupt departure and the firm did not immediately respond to enquiries.