Press Association
Mike Ashley insists elevation strategy on track at Sports Direct
Mike Ashley has insisted his “elevation” strategy to change Sports Direct from a discount retailer to the "Selfridges of Sport" is still on track...
Amazon reveals full UK tax contribution for the first time
Amazon has revealed for the first time the full amount it has paid in taxes in the UK.
The online retail giant handed £220 million...
Marks & Spencer to drop out of FTSE 100 after 35...
Marks & Spencer will drop out of the FTSE 100 for the first time since the index was created 35 years ago, after its...
Debenhams: Mike Ashley is funding CVA challenge to “eliminate competitor” court...
Sports Direct boss Mike Ashley is funding a legal challenge to a deal which rescued Debenhams from administration in order to “eliminate a competitor”,...
Sports Direct auditor Grant Thornton quits after huge tax bill
Sports Direct has announced that auditor Grant Thornton is set to quit its role working for the retail giant.
Mike Ashley’s retail business told investors...
Women buying more expensive watches than men
Men typically buy more watches than women, but female watch lovers are spending more on average than their male counterparts, according to the boss...
High street suffers bleak July as hot weather fails to boost...
The high street suffered a bleak July as soaring temperatures failed to boost sales, while online retailers saw their strongest growth for 18 months.
Shoppers...
Philip Day “wants to avoid pre-pack administration” in Jack Wills bidding...
Retail tycoon Philip Day wants to keep struggling Jack Wills out of administration if he can fend off competition from Mike Ashley to buy...
Discounting drives drop in shop prices for second consecutive month
Shop prices fell very slightly in July as competition between retailers stiffened and non-food prices were cut, new figures show.
Price tags were 0.1% down...
Consumer confidence ticks up in July but remains in negative territory
Consumer confidence improved in July as the concerns of June about personal finances and caution around big ticket spending faded, research suggests.
The long-running GfK...
Sports Direct shares plunge after results fiasco
Shares in Sports Direct plunged to a new eight-year low as investors reacted to the farcical scenes on Friday when Mike Ashley’s company delayed...
Blow Ltd eyes expansion with £2m fundraiser
Beauty bookings business Blow Ltd has said it will expand its UK business and consider its first international launch as it aims to raise...
Amazon hails popularity of one-day delivery as sales rise 20%
Amazon has revealed that both its revenue and profits rose in the last three months, as the e-commerce and technology giant continues to grow.
The...
Sports Direct branded “total shambles” over latest delay to publish results
Mike Ashley’s Sports Direct has been called a “total shambles” after the retailer delayed publishing its results for the second time in as many...
Mothercare warns of flat profits as plans to spin off UK...
Embattled retailer Mothercare has told investors that profits will not grow this year, as it was impacted by “fragile consumer confidence”. The figures were...
Joules boosted by international growth
British fashion and lifestyle brand Joules has reported a bumper performance as it reaches more customers overseas and launches new products.
Sales in the 52...
Sports Direct backs down on Debenhams CVA but a challenge remains
Sports Direct has pulled out of a challenge to store closure plans at Debenhams, but is continuing to back a property company’s claim against...
Probe into Facebook cryptocurrency Libra “being considered by MPs”
A probe into Facebook’s digital currency plans is being considered by MPs, it has been reported.
Concerns have been raised over the social network’s intentions...
Sales tick up at Watches of Switzerland as luxury watches shine
Big spenders in the City are snapping up luxury watches in huge numbers, according to newly listed Watches of Switzerland.
The company, which joined the...
Sports Direct delays results due to House of Fraser difficulties
Shares in Sports Direct have slumped more than 15% after bosses were forced to delay publication of the company’s highly anticipated results.
Mike Ashley’s retail...