Mike Ashley’s Sports Direct shares tumbled yesterday after the company warned that profits in the current financial year would be substantially lower than City expectations.

Having built the retail empire Sports Direct, Mike Ashley must have thought that floating the company would be a natural progression in his business career. However, since floating in February, Sports […]

Mike Ashley’s, Sports Direct, the Sports retail company recently floated and now valued well below the initial float price, has agreed to buy Everlast, the iconic American boxing kit manufacturer, for £84 million.
It is thought the deal will help Sports Direct realise a breakthrough in the American markets.
Everlast, which makes gloves, shorts and other […]

Mike Ashley makes a cool £29 million on his Adidas shares in just eight weeks.
The media shy billionaire Mike Ashley has profited a remarkable £29 million after buying and selling a 3% share in Adidas, which he held for just eight weeks.
Founder of the Sports World chain and owner of brands Kangol, Dunlop and Donnay, […]