Investments and investor services
Will BT Group be able to avoid cutting its dividend?
Thursday is set to be a busy one for corporate results with the likes of BT Group, Barratt Developments, Next and Supergroup among the day's highlights.
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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Investments and investor services
Thursday is set to be a busy one for corporate results with the likes of BT Group, Barratt Developments, Next and Supergroup among the day's highlights.
Mike Ashley’s Sports Direct said it now holds almost 8miln shares in Finish Line, representing a 19.3% stake
Investments and investor services
Thursday looks a pretty busy day for investors with a number of important updates due.
Investments and investor services
The pound is up 0.36% against the Euro at the time of writing, while it is up 0.07% against the US dollar
This week, JD Sports Fashion, a big player in the UK, agreed to buy Finish Line for US$558mln as part of a global expansion plan
JD Sports said the acquisition offers the company “the opportunity to expand its market leading elevated proposition into the most significant global market”
Liam Rowley, head of strategic investments for the FTSE 250-listed retail group, said: "There are obvious synergies that can be achieved through the integration of our respective web operations"
As part of the collaboration agreement, Sports Direct has acquired a 50% interest in the rights of GAME’s BELONG arenas intellectual property for £3.2mln, with half of the arena business’s future profit also to go to Sports Direct
A look at some of the top risers and fallers in London today
Investments and investor services
A look at some of the top risers and fallers in London today.
Investments and investor services
Turns out it was a blue Christmas for the UK retail sector, with sales data showing a worse than expected December period.
Like-for-like sales growth in the second half remained at 3% despite tough comparatives in the year-ago period
Investments and investor services
Cancer Research UK was immensely impressed with the company and its technology
The sports retailer left its full year earnings guidance unchanged
Investments and investor services
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
Investments and investor services
Sports Direct International, Ocado Group, PZ Cussons, and Bunzl are among the names in Thursday's agenda.
Jefferies has concerns over the effect of increased competition, margin pressures and the performance of new stores
Archive
The Week Ahead will be dominated by interest rate decisions from the US Federal Reserve, Bank of England and ECB, plus UK inflation and results from Ashtead Group, TUI, and Dixons Caphone among others
Current owner Mike Ashley put the club up for sale earlier this week and is thought to want more than US$500mln
The five-a-side football pitches operator said it has already commenced the search for a “strong successor” and it will update on this process when appropriate