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The Latest Breaking News from Mike Ashley

Frasers Group says appointment of Boohoo boss shows ‘disregard’ for shareholders

Mike Ashley’s firm had been trying to install him as Boohoo’s new chief executive, but the online retailer chose someone else.

The Independent UK

Hornby to sell loss-making Oxford Diecast business

Shares in the scale models group rose after it confirmed the deal.

Evening Standard

Hornby to sell loss making miniature car maker Oxford Diecast

The move is part of a strategy to boost profitability at the Mike Ashley-backed business

The Independent UK

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Barometer! Absinthe and syphilis boom — meanwhile everyone's already bored of Wicked

What’s hot... and what’s not — keep up with Joe Bromley’s weekly barometer

Evening Standard

Boohoo appoints new head, rejecting Mike Ashley’s attempted boardroom takeover

The struggling online retailer has chosen Dan Finley, the boss of Debenhams, which it owns, as its new chief executive.

The Independent 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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FTSE 100 ends week in the red as investors look to upcoming Budget

Chancellor Rachel Reeves will deliver the spending statement on October 30, with several tax hikes mooted.

The Independent UK

Boohoo rejects criticism from Frasers Group as ‘inaccurate and unfair’

Frasers Group, which owns 27% of Boohoo, is attempting to install its founder Mike Ashley as chief executive of the online retailer

The Guardian - UK

Boohoo hits back at Frasers over Mike Ashley’s attempted boardroom takeover

Frasers had previously sounded the alarm over what it said was a ‘leadership crisis’ at Boohoo, and sought to install Mr Ashley as chief executive.

The Independent UK

Boohoo wards off audacious boardroom coup move from Frasers

neither delayed responding to Frasers’ requests for board representation nor ignored them.”

Evening Standard

Boohoo was already a governance mess. Enter Mike Ashley for extra complexity

Frasers wants its founder to be boss of the ailing fashion retailer. But Ashley isn’t ruling out being a bidder himself in any potential break-up

The Guardian - UK

London stocks climb after strong gains for Unilever and Barclays

The FTSE 100 finished 10.74 points, or 0.13%, higher to end the day at 8,269.38.

The Independent UK

Frasers Group calls for Mike Ashley to replace Boohoo chief

Ashley’s Frasers Group, which owns 27% of online retailer, seeks vote on overhaul to ‘set new course’ for future

The Guardian - 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

Frasers Group criticises management of Mulberry after ditching takeover plans

Mike Ashley’s retail group says it ‘remains concerned about governance’ at luxury brand after final bid rejected

Evening Standard

Frasers ditches £111m takeover plans for luxury firm Mulberry

Frasers urged Mulberry to provide a ‘credible’ business plan soon and raised worries over the governance of the fashion firm.

FourFourTwo

'The Crown Prince is losing patience' Amanda Staveley's leaked WhatsApp messages suggest Mohammed bin Salman signed off key decisions during the Newcastle United takeover saga, with TV personalities Ant and Dec involved in the push

The lengths businesswoman Staveley went to to broker a deal between Mike Ashley and the Saudi PIF for the sale of Newcastle United have been revealed

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The Guardian - UK

Bin Salman heavily involved in Newcastle takeover, messages suggest

Leaked WhatsApp messages from the former Newcastle minority co-owner Amanda Staveley suggest that Mohammed bin Salman was heavily involved in the takeover of the club, it was reported on Sunday

The Guardian - UK

Mike Ashley’s Frasers Group takes £10m stake in online retailer THG

Move is part of THG raising £95.4m to fund demerger of lossmaking technology arm Ingenuity

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

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

FourFourTwo

The biggest implosions from Premier League clubs and how Todd Boehly's Chelsea compare

Chelsea are not the only big club in Premier League history to have made some questionable decisions

The Guardian - UK

Frasers buys THG’s Coggles website as they unveil partnership deal

Sports Direct owner to acquire luxury goods sites and sell online retailer’s protein powder in its shops

The Guardian - UK

UK gas prices hit highest level of 2024 after crack closes Norwegian pipeline; UK factories return to growth – as it happened

Rolling coverage of the latest economic and financial news, as wholesale gas prices rise after disruption to supplies from Norway

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