Sports Direct

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In an open letter published on Friday, Mike Ashley, the firm’s founder and chief executive expressed regret

The billionaire boss of retailer Sports Direct said he was “deeply apologetic” over the way his company handled the coronavirus emergency and wants to(...)

Sports Direct announced all its stores would remain closed after it faced a backlash to its earlier plan to keep them open despite a government order to shut all “non-essential shops”.  Photograph:  Nick Potts/PA

Sports Direct announced all its stores would remain closed after it faced a backlash to its earlier plan to keep them open despite a government order (...)

Noel and Valerie Moran walked away with a €266 million payout for Prepaid Financial Service. Photograph: Alan Betson

It was a year of extremes in the corporate world – financial reward and glory for some; the end of the road for others. And 2019 also saw a cast of fi(...)

Photograph: Nick Ansell/PA Wire

Sports Direct, the British sportswear retailer controlled by founder Mike Ashley, reported a 22 per cent rise in first-half core earnings, as it stemm(...)

Sports Direct founder Mike Ashley. Corporate governance concerns have long been an issue at the company. Photograph: Joe Giddens/PA Wire

Unhappy shareholders can voice their disapproval by pressing for change at badly-run companies. But what happens if chief executives don’t care? Corpo(...)

Grant Thornton has parted ways with a dozen UK partners in a restructuring designed to reverse a five-year financial decline.

Grant Thornton has parted ways with a dozen UK partners in a restructuring designed to reverse a five-year financial decline. The accounting firm inf(...)

 Mike Ashley: Almost a third of Sports Direct’s independent shareholders voting against the controversial billionaire’s re-election as director. Photograph: Joe Giddens/PA Wire

The last decade has been lousy for value stocks. The easiest way to make money has been to bet on momentum – to buy rising stocks and sell losing stoc(...)

Lloyds was hit by up to 800,000 requests for information a week in the final month for claims. Photograph: Andrew Matthews/PA

António Horta-Osório stunned the City eight years ago when he broke ranks with rival banks and decided Lloyds would settle claims for mis-sold payment(...)

Sports Direct boss Mike Ashley is funding a legal challenge to a deal which rescued Debenhams from administration in order to “eliminate a competitor”, the troubled retailer has told the British high court. Photograph:  Simon Dawson/Reuters

Sports Direct boss Mike Ashley is funding a legal challenge to a deal which rescued Debenhams from administration in order to “eliminate a competitor”(...)

 Mike Ashley, founder and majority shareholder of Sports Direct, who is once again under fire from shareholder advisory groups ahead of the company’s AGM next month. Photograph: Darren Staples/Reuters

Sports Direct is facing an investor revolt against its board at its annual general meeting in September as the retailer fights to avoid becoming the f(...)

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