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Ashley 'set to surprise City with 250m'
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SPORTS Direct International, the troubled retailer controlled by
billionaire Mike Ashley, could surprise the market by revealing
profits for the year to June of 250 million, according to house
broker Merrill Lynch.
A note from Merrill today is the first serious attempt by the
City to offer an analysis of the company's prospects since it
floated in March.
Since then, Sports Direct has suffered a series of problems some
PR blunders, some more serious that have alienated many in t...
Related newspaper, magazine, and journal articles from HighBeam Research
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Sports Direct can't stop scoring own goals ; OUTLOOK
The Independent - London
; Five months ago, the fact that Mike Ashley was so secretive - famously never giving a media interview or posing for a photograph - made the retail entrepreneur behind Sports Direct all the more interesting. But today, Mr Ashley and his company no longer seem to be enigmatic, just incompetent.
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Sports Direct faces 'the worst conditions for 25 years'
The Independent - London
; Pre-tax profits halved *Further acquisitions unlikely *'Face of the company' remains ebullient The discount sports retailer Sports Direct warned of torrid trading on the high street as it posted tumbling underlying full- year pre-tax profits. Sports Direct's executive deputy chairman, Mike Ashley,
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Chairman walks out of Sports Direct ; BUSINESS
The Independent - London
; ... a profits warning. Mr Richardson was believed to have been furious about the way in which the trading update was handled. The news was issued shortly after Sports Direct had dispensed with the services of its financial public relations firm and the company ...
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Chairman walks out of Sports Direct
Belfast Telegraph
; ... a profits warning. Mr Richardson was believed to have been furious about the way in which the trading update was handled. The news was issued shortly after Sports Direct had dispensed with the services of its financial public relations firm and the company ...
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 "The Birmingham Post (England)")
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Sports Direct expanding to China ahead of Olympics.(News)
The Birmingham Post (England)
; Sports Direct billionaire Mike Ashley is expanding his empire into China under a deal announced yesterday to sell the company's brands in the Far East. The firm has agreed a strategic alliance with Shenzhen-based ITAT Group which will see brands such as Slazenger, Dunlop, Karrimor and Lonsdale sold
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Sports Direct's boss in i140m float blow
Evening Standard - London
; ... testing investor sentiment toward Sports Direct, admitting: "It demonstrates the current market appetite for Sports Direct." The news comes after a torrid few weeks for the company, which has increasingly come under attack over its corporate governance. Poor ...
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Sports Direct's Great Leap Forward.
Investors Chronicle - magazine and web content
; ... China, is a multi-brand apparel retailer, with 700 stores in 275 Chinese cities. Its business model, according to China Retail News, is based on multi-party collaboration, using fewer intermediaries, keeping fixed costs to a minimum and focusing on risk management ...
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'What's happened to Sports Direct makes your toes curl' Since its float shares have plummeted and Mike Ashley's approach has been making the City uneasy. What next for the retail chain, wonders James Hall
The Sunday Telegraph London
; It is the business equivalent of Devon Loch, the racehorse, collapsing 50 metres before the finish in the 1956 Grand National, or a multi-bike pile-up in the closing stages of the Tour de France. In other words: a very public disaster. Last week Sports Direct, billionaire Mike Ashley's retail group
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Sports Direct lifts Umbro stake to 9%
The Independent - London
; By Karen Attwood Mike Ashley's Sports Direct has built up a 9 per cent stake in Umbro, triggering speculation that the football kit maker could be heading for a takeover bid. Umbro told the Stock Exchange yesterday that Sports Direct, which owns Lillywhites and the Sports World chain, holds 13.2
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Sports Direct seeks to ride China wave with Itat deal
The Scotsman
; MIKE Ashley, Sports Direct's billionaire owner, has revealed he is expanding his empire into China under a deal that will see his company's brands sold in the Far East. The firm announced yesterday that it had agreed a strategic alliance with Shenzhen-based Itat Group that will see brands such as
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