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The Latest Breaking News from Sports Direct

Boohoo shareholders vote to block Mike Ashley from joining board

Chair hails ‘resounding vote of confidence’ as investors reject Sports Direct founder and his associate Mike Lennon

The Guardian - UK

Boohoo shareholders deny Mike Ashley seat on board after boardroom battle

Frasers Group, which owns a 27% stake in Boohoo, had urged investors to appoint Mr Ashley and restructuring expert Mike Lennon.

Evening Standard

Mike Ashley has the right critique of Boohoo. But he doesn’t belong on its board

The online retailer needs a shake-up – but the Sports Direct supremo is far from an unconflicted party

The Guardian - UK

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Emma Raducanu's Endorsements 'At Risk' According To Expert

Emma Raducanu's endorsements are at risk unless the British tennis star can rediscover her winning touch, a sports finance expert has warned.

SportsCasting

Boohoo wins influential adviser’s support in battle with Mike Ashley

ISS reportedly tells fast-fashion firm that Frasers Group approach is ‘superficial’ and ‘offers no plans for change’

The Guardian - UK

Sports Direct owner Frasers blames Budget for profit warning after consumer confidence slump

Frasers expects costs to increase by £50 million in the next financial year as a result of Budget measures

Evening Standard

Frasers cuts profit outlook amid ‘weaker’ shopper confidence around Budget

It came as the Mike Ashley-founded firm revealed a slump in sales for the past half-year, and lower profits

The Independent UK

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Warhammer maker earns place in FTSE 100 while Frasers drops off top index

The latest reshuffle of the London Stock Exchange has seen Nottingham-based Games Workshop join the UK’s biggest share index.

Evening Standard

Sports Direct under fire for misspelling Wales as ‘Cyrmu’ on bobble hats

Retailer removes £5 hats from website after mangling Welsh spelling of country, Cymru as ‘Cyrmu’

The Guardian - UK

Frasers Group to shed light on consumer demand ahead of key Christmas period

Frasers Group will update investors on its performance over the past six months on Thursday December 5.

Evening Standard

Chronic pain and ravaged mental health: this is the brutal reality of Britain’s new working class

The story of former Amazon worker Karolina Sobczak reveals much about the people who keep our society running – at huge personal cost, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

JD Sports shares slump 14% after profit warning

Lower sales in UK and North America after mild weather and discounting by rivals offset by 3.5% rise in Europe

The Guardian - UK

FTSE 100 Live 01 November: Markets calmer after sell-off, Reckitt Benckiser shares jump

Borrowing costs continue to be in focus after a rocky week for markets on both sides of the Atlantic.

Evening Standard

Voices: What could be better than reviving Boohoo? Bring back Topshop instead!

COMMENT: The fast-fashion retailer that boomed during the pandemic has fallen on hard times, and Sports Direct founder Mike Ashley hopes to rescue it – but, says Emma Clarke, there’s another British high-street brand that’s ready for a comeback

The Independent UK

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Evening Standard

Frasers demands appointment of founder Mike Ashley as boss of Boohoo

Frasers warned over what it claimed was a ‘leadership crisis’ at Boohoo after its chief executive last week stepped down.

The Guardian - UK

Sports Direct owner Frasers walks away from Mulberry bid; oil tumbles, dollar rallies – as it happened

Gold hits record high as conflict in the Middle East prompts investors to seek safe-haven assets

The Guardian - UK

Mulberry rejects fresh bid from Mike Ashley’s Frasers Group as ‘untenable’

Frasers had raised its offer from 130p to 150p a share, valuing the British luxury handbag maker at £111m

The Guardian - UK

Mulberry’s owner rejects increased £111m bid from Mike Ashley’s Frasers Group

Majority owner, Challice, says it has no interest in selling shares to group that already owns 37% of luxury brand

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news in one place.

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The Guardian - UK

Mulberry rejects £83m takeover bid from Mike Ashley’s Frasers Group

British handbag maker says it is raising cash for turnaround and does not need offer from Sports Direct owner

The Guardian - UK

Mike Ashley’s Frasers Group makes £83m offer for handbag maker Mulberry

Sports Direct owner looks to up 37% stake to 100% amid concerns for future of cash-strapped fashion firm

Evening Standard

Best badminton rackets in 2024: 10 options that hit the mark

From lightweight rackets with flexible shafts to head-heavy rackets with stiff shafts

Evening Standard

Bucket hats set to boom as Oasis takes fashion back to Britpop Britain

It is time to re-embrace the bucket hat (that is, if you ever stopped), says Joe Bromley

The Guardian - UK

Frasers Group seeks approval for Mike Ashley to cash in £585m in share buyback

Company wants investors’ permission to buy billionaire’s shares in private deal at market price at the time

The Guardian - UK

England’s Euro run helps JD Sports beat sales expectations

Share price jumps more than 8% after big improvement on previous quarter assisted by popularity of replica shirts

GoodToKnow

Parents should hold off buying this back to school staple 'as close to their first day as possible', says retailer

With parents turning their attention to kitting their kids out for the new school year, research suggestions which items should be left until the last minute

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