Company
LON:SPD
Frasers Group plc, formerly Sports Direct International plc, is a British retailing group. Established in 1982 by Mike Ashley, the company is the United Kingdom's largest sports-goods retailer and operates roughly 670 stores worldwide.
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The retailer said it feared problems at House of Fraser were “nothing short of terminal in nature” as the chain reported an operating loss of £54.6m, worse than analysts had expected
Nick Robertson’s stake in the online fashion retailer has plunged after two recent profit warnings, and he’s not the only retail mogul to have suffered in recent years
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Along with easyJet, there are also company updates due from Royal Mail and Anglo American, plus UK retail sales data
Chief executive Mike Ashley took a £90mln punt on House of Fraser last August hoping to turn it into the ‘Harrods of the high street, but there has been little evidence so far to suggest the transformation is on track
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It looks set to be a busy week of corporate announcements and UK economic data
The FTSE 250 retailer, which already owns around 38.49% of GAME, said as of 1pm on 8 July it had received acceptances amounting to 15.82% of the company’s total share capital
Debenhams said it has resolves its dispute with M&G following “positive, constructive discussions”.
The high street retailer has borne the brunt of an increasing swing from physical disks to digital video game sales
The takeover offer by Mike Ashley's retail empire, originally announced in June, values the video game retailer at around £52mln
The retailer, which has a 18.9% stake in Goals, said the move had been prompted by a “perceived lack of transparency” and “loss of confidence” in the board after management rejected a request to appoint corporate investigator Kroll to carry
Goals has already brought in experts to look at how it ended up owing £12mln to the taxman, but Sports Direct wanted it to consent to another, independent investigation
“Looking ahead, we anticipate that international and digital sales will continue to grow whilst UK retail trading conditions are expected to remain uncertain,” said chief executive Thierry Andretta.
The retailer's full-year pre-tax profit fell to £0.2mln, down from £8.5mln a year earlier as the fashion retailer took a £0.4mln bad debt provision after House of Fraser entered administration
Sports Direct offered 30p per share for GAME, representing a 27.4% premium to the closing price of 23.55p on Tuesday
Online value retailer says a trial collaboration with Sports Direct has not been that successful but talks about other projects are ongoing
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Budget airline easyJet is expected to exit the FTSE 100 index after the latest quarterly review, while JD Sports is seen taking its place among the blue-chips
Consumers described WH Smith stores as “cramped, messy and dirty” with “unhelpful staff”.
The five-a-side pitch operator said in an update that after “extensive” financial forecasting work it expected its fiscal year ending December 31 to be “materially below” prior expectations
The FTSE 250 sportswear retailer, run by infamous retail tycoon Mike Ashley, said the deal was expected to complete by 21 June, after which it would sign a 15-year lease on the site
The group is also trying to reduce rents across the remaining estate by as much as 50% on some of its stores
