Debenhams interim chair reportedly shortlisted for top job at Moss Bros
Terry Duddy would replace Moss Bros chair, Debbie Hewitt, who is stepping down later this year, if picked for the job
Company
Frasers Group PLC
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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ScS clears way for Mike Ashley to snap up Sofa.com as it rules out takeover bid
ScS confirmed initial talks earlier this week, but said on Friday morning that those discussions have now ended without an offer being lodged
ScS trades in line with expectations for half year and Christmas
In a trading update for the 26 weeks ended 26 January, the sofa retailer said like-for-like (LFL) order intake growth was 1.5% while two-year LFL order intake was up 4.5%
Following its collapse, who could be looking for a slice of Patisserie Valerie?
With the administrators being called on Tuesday evening, there are now murmurings around potential buyers ... yes even that one
Mike Ashley’s ‘Harrods of high street’ plan dealt huge blow as House of Fraser sales plunge
According to Kantar data, sales at the struggling department store chain slumped by 60% in the run-up to Christmas
City analyst reckons Mike Ashley can make a success of “inefficiently run” HMV
Liberum analyst Wayne Brown has argued that Ashley is doing what he’s always done: buy assets on the cheap in the hopes of turning them around
Sports Direct's Mike Ashley in talks to rescue collapsed music chain HMV
HMV owner Hilco, which rescued the chain in 2013, said the music retailer has been hit by a "tsunami” of challenges as more consumers download music and movies online.
How JD Sports bucked the high street doom and gloom once again
Analysts reckon it’s a combination of factors, although most of thing come back to the same thing: JD sells things that today’s youth want to buy
Debenhams drops on weak Christmas but on track to deliver current year profits in line with expectations
For the 18 weeks to 5 January, the group added, its like-for-like sales were down 5.7%, with UK sales dropping 6.2%, while International fell 3.5%
Archive
Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Debenhams shares tank as investors expect disappointing Christmas trading update
“Pictures on social media of the retailer’s messy shelves and the usual widespread discounts on goods people don’t really want in the first place would suggest that Debenhams continues to be stuck in a rut,” said AJ Bell investment director
Sports Direct’s Ashley mulls Hamleys takeover bid
Hamleys owner C.banner paid around £100mln for the iconic toy retailer three years ago and is said to want about £90mln for the company
Debenhams turned down £40mln loan offer from Mike Ashley’s Sports Direct - media report
The letter, addressed to Debenhams CEO Sergio Bucher, and published by the Daily Telegraph, suggests without the money the retailer "has zero chance of survival"
Peel Hunt puts boot into Sports Direct, downgrading its rating to ‘hold’ from ‘add’ in the wake of interim resuits
Peel Hunt’s analysts said: “Today’s figures were solid given the circumstances but we have run out of patience with the lack of visibility on strategy"
Investments and investor services
VR Education zooms past price target after ENGAGE commercial release
A look at the day's major movers, featuring GAME, WANdisco, Mediazest, Purplebricks and Sports Direct
Sports Direct stumbles as first-half profits plunge on House of Fraser costs
House of Fraser was the main reason for the 27% slide in profits, having lost £30.5mln since it joined Sports Direct in August
Investments and investor services
FTSE 100 reverses into close to finish lower as ECB ends QE stimulus program
FTSE 100 closed the day down; Mid-cap cousin FTSE 250 was also off - down over 170 points
SuperDry profit warning leads to broker downgrade and target price cuts
Peel Hunt downgraded its rating on the stock to ‘hold’ from ‘buy’ and slashed its target price to 550p from 1,200p