All Sports Direct articles – Page 54
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OpinionJJB Sports has an uphill battle on its hands
As expected JJB Sports figures this morning did not make pretty reading and although steps have been made to start turning the business around it is going to be a long uphill marathon rather than a quick sprint to recovery.
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NewsPentland builds stake in Blacks to block another Mike Ashley bid
Updated: Blacks Leisure confirmed today that Pentland Group has snapped up a 5.86% stake in the outdoor specialist.
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NewsSports Direct stake in Blacks diluted after fundraising approved
Mike Ashley’s Sports Direct has had its stake in Blacks Leisure diluted after the outdoor retailer’s £20m fundraising was approved this afternoon.
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NewsOFT to probe Sports Direct stake in Blacks
The Office of Fair Trading is investigating Sports Direct’s stake in Blacks Leisure which it won ownership of in a High Court claim last week.
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NewsSports Direct wins High Court battle over shares
Sports Direct has won a High Court claim over disputed shares in its rivals.
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NewsBlacks on stronger footing after fundraising
Blacks Leisure is confident that a forecast warm summer and completion of a £20m fundraising will put the business on a strong footing after a turbulent year.
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NewsBlacks moves forward with fundraising after a difficult year
Blacks Leisure is pressing ahead with a £20m fundraising as sales start to improve for the outdoor retailer after a year of major restructuring across the business.
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NewsSFO cloud hangs over Sports Direct
The City has continued to cautiously back Sports Direct after a positive pre-close update, despite a pending Serious Fraud Office (SFO) investigation into the business.
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NewsNorth Face buys stake in Blacks
The North Face owner VF Corporation has bought a 5% stake in Blacks Leisure in a move that seems to be designed to block any future bid by rival Sports Direct.
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NewsFaith on the brink of administration
Footwear chain Faith is understood to have lined up Heath Sinclair of Mazars as administrator.
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NewsSports Direct confident after strong year
Sports Direct said it was on track to achieve full year underlying EBITDA of at least £160m as sales in the 9 weeks to March 28 grew 2.9% to £214m.
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NewsFaith on brink of sale as John Kinnaird battles for MBO
The outcome of the sale process for Faith was due to be announced as Retail Week went to press.
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NewsBlacks chiefs regain focus as Sports Direct backs off
Blacks Leisure’s management celebrated the end of “an unwelcome distraction” when rival Sports Direct decided not to proceed with a takeover attempt.
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NewsSports Direct makes offer for Faith
Mike Ashley’s Sports Direct is among five bidders to have made offers for footwear specialist Faith, it is understood.
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Analysis
Retailers prepare to tap World Cup fever
Retailers were said to have coined in £1.25bn from the 2006 World Cup but will recession-hit shoppers have football fever this time?
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News
Super Thursday retail updates bolster stocks
A round of strong results from retailers as diverse as Next and Kingfisher on ‘super Thursday’ last week helped lift some store stocks, but general retailers overall lagged the All-Share index and food shares were moribund.
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NewsSports Direct launches TV ads to cement sector leadership
Sportswear retailer makes TV ad debut to bolster its position and drive global profit ambitions.
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NewsSports Direct pulls out of Blacks bid over supplier concerns
Sports Direct has said it will not bid for Blacks Leisure over uncertainties surrounding suppliers reactions if its bid was successful.
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NewsSports Direct considers upping offer on Blacks
Blacks Leisure has confirmed it received a letter from Sports Direct last week indicating that it would consider upping its offer for the outdoor chain.
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NewsSports Direct given ‘put up or shut up’ deadline on Blacks
Sports Direct has been given a “put up or shut up” deadline by the Takeover Panel over its interest in Blacks Leisure.