Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSports Direct Share News (SPD)

  • There is currently no data for SPD

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Three pension funds plan to block Sports Direct chairman re-election

Fri, 02nd Sep 2016 17:03

(ShareCast News) - Three pension funds are the latest in a round of shareholders who have said they plan to support a trade-union backed motion to call for an independent review of workplace practices at Sports Direct and block the re-election of its chairman.US public pension funds CalPers and CalSTERS and Canada's Ontario Teachers' Pension Plan, three of the world's biggets pension funds, said they will vote against the re-election of chairman Keith Hellawell and founder Mike Ashley in light of the investigation by the Guardian on conditions at its Derby-based warehouse and a damning parliamentary report.The pension funds, which own less than 1% between them, said they will also vote against the reappointment of the auditor Grant Thornton, chief executive Matthew Pearson and non-executive director Simon Bentley, who heads the company's audit committee.The pension funds join Legal and General Investment Management said it would vote against the reappointment of Hellawell and all of the non-executive directors.Aberdeen Asset Management who said it vote against Hellawell, Forsey and Pearson.The funds said they did not regard the review by the company is holding, which is being carried out by law firm RPC, as independent.The sports retailer had come under fire after being exposed last year that workers were being paid less than the minimum wage and after being criticised over its labour conditions. Sports Direct said in July it would back pay staff, which will come to about £1m.Shares in Sports Direct International were up 3.76% to 327.46p at close.
More News
11 Sep 2019 15:14

Sports Direct shareholders approve Ashley's re-election to the board

(Sharecast News) - Sports Direct shareholders voted in favour of founder Mike Ashley's re-election to the board at an annual meeting on Wednesday.

Read more
11 Sep 2019 14:35

Sports Direct's Ashley re-elected to board despite protest

LONDON, Sept 11 (Reuters) - Mike Ashley, the founder and chief executive of Sports Direct International, was re-elected to the British sporting goods retailer's board on Wednesday, though nearly a quarter of independent shareholders voted against...

Read more
11 Sep 2019 11:59

LONDON MARKET MIDDAY: LSEG Approach And US-China Hopes Lift FTSE 100

(Alliance News) - Stocks got a boost on Wednesday as China appeared to soften its trade stance towards the US, while the London Stock Exchange Group added more juice to the FTSE 100 after getting

Read more
10 Sep 2019 14:45

Britain's Sports Direct bars media from annual investor meeting

LONDON, Sept 10 (Reuters) - British retailer Sports Direct has barred media from attending its annual general meeting (AGM) on Wednesday where majority owner Mike Ashley faces shareholder opposition to his re-election as a director.Company founder...

Read more
10 Sep 2019 11:13

Arena Events Slashes Dividend Amid Widened Loss And CFO Change

(Alliance News) - Arena Events Group PLC on Tuesday said its loss widened dramatically in the first half of 2019, hit by higher administrative expenses, with some approaching contract delivery it

Read more
10 Sep 2019 07:59

UPDATE 3-JD Sports outperforms struggling UK retail sector

* First-half pretax profit up 6.6%* Shares rise 5.8%, topping FTSE index* Peel Hunt upgrades target price on "stellar" performance (Recasts, adds quotes, background and further reaction)By Noor Zainab Hussain and Paul SandleLONDON, Sept 10 (Reuters)...

Read more
10 Sep 2019 07:59

UPDATE 2-JD Sports outpaces weak UK high street with profit rise

* First-half reported pretax profit rise 6.6%* Company says sales in core UK market "extremely encouraging"* Shares rise 5%, topping FTSE index (Adds shares, analyst reaction)LONDON, Sept 10 (Reuters) - JD Sports, Britain's biggest sportswear reta...

Read more
9 Sep 2019 12:12

Aurora Investment Trust Net Assets Rise But Total Interim Return Lags

(Alliance News) - Aurora Investment Trust PLC on Monday said its net asset value rose in the first six months of the year but total return lagged behind its benchmark index.At June 30, a of

Read more
4 Sep 2019 16:09

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 5 SeptemberAvanti Communications (re delisting)FIH GroupCarpetrightMyanmar 6

Read more
3 Sep 2019 14:41

FTSE 250 movers: Restaurant Group slips, AG Barr fizzes higher

(Sharecast News) - London's FTSE 250 was down 0.39% at 19,405.27 in afternoon trading on Tuesday, with Restaurant Group leading the index lower.

Read more
30 Aug 2019 08:07

Clipper Logistics Confident Despite Continued UK Economic Uncertainty

(Alliance News) - Clipper Logistics PLC on Friday boosted its annual dividend despite a drop in profit after a rise in costs.Clipper is paying a final dividend of 6.5 pence per share for is

Read more
16 Aug 2019 10:57

WINNERS & LOSERS SUMMARY: RBS Makes Partial Comeback After Steep Fall

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Hiscox, a

Read more
14 Aug 2019 16:57

LONDON MARKET CLOSE: Stocks Sink Amid Recession And Trade War Fears

(Alliance News) - Stocks in London ended firmly in the red on Wednesday as a US yield curve inversion and weak economic data from Germany and China stoked fears of a recession.The FTSE 100 index a

Read more
14 Aug 2019 12:03

LONDON MARKET MIDDAY: Stocks Slide After Fleeting Tariff Delay Rally

(Alliance News) - US-China trade optimism in markets gave way to doubts over the outlook for relations between the two, leading the FTSE 100 to slump nearly 70 points at midday on blue-chip index

Read more
14 Aug 2019 10:47

WINNERS & LOSERS SUMMARY: Sports Direct Sinks After Auditors Hang Back

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - Group, up 5.0%. The insurer reported profit in of

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.