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Sports Direct International PLC (SPD.L)

SPD.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MySale Group Says HY ‍Underlying EBITDA Grew 80 pct To A$5.5 Mln
Monday, 5 Mar 2018 02:00am EST 

March 5 (Reuters) - MySale Group Plc ::HY ‍UNDERLYING EBITDA GREW 80% TO A$5.5 MILLION​.HY REVENUE INCREASED 11% TO C. A$151.9 MILLION.ESTABLISHED STRATEGIC PARTNERSHIPS WITH RETAILERS INCLUDING GILT.COM, WHICH IS PART OF HUDSON'S BAY COMPANY.ESTABLISHED STRATEGIC PARTNERSHIPS WITH RETAILERS INCLUDING SPORTS DIRECT GROUP INTERNATIONAL SPORTING AND APPAREL RETAILER​.ESTABLISHED STRATEGIC PARTNERSHIPS WITH RETAILERS INCLUDING SPORTS DIRECT GROUP INTERNATIONAL SPORTING AND APPAREL RETAILER​.‍ANTICIPATES THAT UNDERLYING EBITDA FOR YEAR WILL BE AT LEAST AT TOP END OF MARKET EXPECTATIONS​​​.  Full Article

Sports Direct Says Increased Total Holdings In Debenhams To 29.70 Pct
Friday, 2 Mar 2018 05:39am EST 

March 2 (Reuters) - Sports Direct International Plc ::‍STATEMENT REGARDING DEBENHAMS PLC​.‍COMPANY HAS INCREASED ITS TOTAL HOLDINGS IN DEBENHAMS PLC TO 29.70%.‍"OBVIOUS SYNERGIES THAT CAN BE ACHIEVED THROUGH INTEGRATION OF OUR RESPECTIVE WEB OPERATIONS" HEAD OF STRATEGIC INVESTMENTS SPORT DIRECT​.‍SEES VALUE FOR BOTH COS IN A STRATEGIC PARTNERSHIP BETWEEN DEBENHAMS AND SPORTS DIRECT​.  Full Article

Sports Direct International Says ‍Intends To Start New Share Buyback Programme
Tuesday, 20 Feb 2018 02:00am EST 

Feb 20 (Reuters) - Sports Direct International Plc ::‍SHARE BUYBACK PROGRAMME UPDATE​.‍INTENDS TO START A NEW SHARE BUYBACK PROGRAMME FROM TODAY'S DATE​.‍INTENDS TO START A NEW SHARE BUYBACK PROGRAMME FROM TODAY'S DATE FOR PERIOD UP TO AND INCLUDING 5 SEPTEMBER 2018​.‍AGGREGATE PURCHASE PRICE OF ALL SHARES ACQUIRED UNDER PROGRAMME WILL BE NO GREATER THAN £100 MILLION.‍MAXIMUM NUMBER OF SHARES THAT MAY BE PURCHASED UNDER PROGRAMME WILL BE 30 MILLION ORDINARY SHARES​.  Full Article

Sports Direct International ‍enters into credit facility of up to 907.5 mln pounds​
Tuesday, 21 Nov 2017 09:08am EST 

Nov 21 (Reuters) - Sports Direct International Plc :‍ENTERED INTO A NEW REVOLVING CREDIT FACILITY WHICH REPLACES ITS EXISTING FACILITY​.‍RCF, VALID FOR FOUR YEARS (WITH A ONE YEAR EXTENSION OPTION), TO PROVIDE GROUP WITH ACCESS TO BORROWINGS OF UP TO 907.5 MILLION POUNDS​.‍ANTICIPATES THAT IT IS LIKELY TO SEEK VIA AN ACCORDION ARRANGEMENT TO INCREASE FACILITY TO ABOUT 1 BILLION POUNDS.  Full Article

Hermes opposes re-election of Sports Direct chairman at AGM
Tuesday, 5 Sep 2017 03:47am EDT 

Sept 5 (Reuters) - :Hermes Investment Management Calls On Sports Direct <<>> chairman, senior independent director to step down; recommends vote against re-election of both..Hermes flags concerns about lack of face-to-face meetings between company and investors..Also recommends vote against auditor in light of fees for non-audit work being higher than those for audit services..  Full Article

Sports Direct completes sales of Dunlop brand
Monday, 3 Apr 2017 07:41am EDT 

Sports Direct International Plc : Completion of sale of Dunlop brand .Completed sale of its rights to Dunlop brand of Sumitomo Rubber Industries Ltd for $137.5 mln.  Full Article

Sports Direct says Agent Provocateur bought by firm in which it owns 25 pct
Tuesday, 7 Mar 2017 02:00am EST 

Sports Direct International Plc : A number of recent press reports have incorrectly stated that Sports Direct has acquired Agent Provocateur . Agent Provocateur has been acquired by Four (Holdings) Limited, a company in which Sports Direct has a shareholding of 25% . Amount paid for shareholding in Four (Holdings) Limited was £8.75m . We continue to believe devaluation of the Euro against the Dollar will impact on gross margin . Our Euro/Dollar exchange rate is currently hedged at 1.46, which is due to expire at end of FY17 .We currently have no Euro/Dollar hedging in place for FY18.  Full Article

Eastern Outfitters files for chapter 11 bankruptcy
Monday, 6 Feb 2017 12:18am EST 

Court filing: Eastern Outfitters Llc files for chapter 11 bankruptcy protection in Delaware court; lists assets and liabilities in $100-$500 million range - Court filing .Eastern Outfitters and subsidiaries have engaged in substantial negotiations with Sports Direct to serve as stalking horse in a sale process to be conducted - Court filing.  Full Article

UK accounting watchdog concludes investigation of Sports Direct audit
Thursday, 8 Dec 2016 04:25am EST 

Financial Reporting Review Panel: Review panel finding . Findings of financial reporting review panel in respect of accounts of Sports Direct for year ended April 26, 2015 . Has discussed certain issues with company following its review of 2015 annual report and accounts . Noted that there was no discussion of development and performance of company's international stores in its sports retail division . There was no discussion of development and performance of company's international stores in its sports retail division . Principal issue arising related to whether 2015 strategic report complied with companies act 2006 requirement to be balanced and comprehensive .Following corrective action taken by co, FRC regards enquiries arising from its review of co's annual report as concluded.  Full Article

Sports Direct founder says worker's representative to be on board
Tuesday, 6 Sep 2016 01:19pm EDT 

Sports Direct International Plc : Founder Mike Ashley will be making a video statement outlining recommendation post working practices report .Recommends that in future there needs to be a worker's representative appointed to board to represent workers.  Full Article

BRIEF-Sports Direct Cuts Stake In Finish Line To 15.6 Pct As Of May 17 From 19.3 Pct As Of April 20

* SPORTS DIRECT INTERNATIONAL PLC CUTS STAKE IN FINISH LINE INC TO 15.6 PERCENT AS OF MAY 17 FROM 19.3 PERCENT AS OF APRIL 20 - SEC FILING Source text: (https://bit.ly/2J17ZeZ) Further company coverage: