FTSE 250 chokes on the FTSE 100's dust in 2016
The FTSE 250 rose in 2016, but you would've been better off backing the FTSE 100 - or Leicester City.
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 FTSE 250 rose in 2016, but you would've been better off backing the FTSE 100 - or Leicester City.
Peel Hunt says Sports Direct shares are "becoming very interesting" as it focusses on core brands.
The business, which turned over almost £43mln last year, was acquired 12 years ago for £40mln.
Liberum Capital returned the target price for Sports Direct to 310p, having upgraded it to 375p first thing this morning after an announcement suspending the group’s share buyback.
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The firm says it's turning itself around and chief executive Matt Lofgran has been using social media to get the message across
Sports Direct said the airplane is being acquired at a total cost of US$51.1mln (£40.4mln), and will be used to transport employees and business partners to the group’s sites across the UK
After a period in which Ashley and the group has been blasted by the press and Parliament for the treatment of its workers and been battered by the fall in the value of the pound after the Brexit vote, the sports goods stores firm saw its u
Investments and investor services
FTSE 100 shares closed higher on Thursday, buoyed by news that the euro zone will curb its quantitative easing programme next April
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He's already told us he's not Santa, but can Mike Ashley deliver a Christmas present for Sports Direct investors?
News of finance chief Matt Pearson jumping ship was one of the most tweeted stories .
Pearson was given the job of acting CFO just over a year ago.
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear
A fat finger trade has been blamed for the ‘flash crash’ that saw 6% wiped off the value of the pound
Major share price risers and fallers in London at 4pm
Lamprell shares soared after it secured a US$90mln contract to transform a shipping vessel into floating accommodation for Statoil's workers
Investments and investor services
The FTSE 100 index closed lower in a widespread sell-off while the pound flirted with its lowest level against the euro since the Brexit vote
Significant share price risers and fallers in London at 4.15pm
Controversial retailer vows to get independent third party to review its practices after criticism
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Also, Sports Direct, Enquest, Pearson, Hurricane Energy
“Amongst all the panto at the Open Day, we sensed a genuine will to change strategy,” said broker Peel Hunt