A new billion-pound shopping centre has been hit by flash flooding only days after it officially opened. The St James Quarter in Edinburgh was damaged at the weekend after Scotland’s capital suffered very heavy rain.
Being a listed business has its advantages, but also means closer scrutiny and a need to respond to the interests of shareholders. Both long-time-listed JD Sports and newcomer THG have felt this keenly in recent days.
JD Sports Fashion continues to be extremely active on the acquisition front. Last week it reportedly snapped up a controlling stake in Manchester-based Missy Empire, and this week it has announced a big move in Spain.
Floodgates for the Sports Direct brand are about to open with the retailer heading for a “huge push” into Europe. The brand aims to open flagship stores in “all” capital cities in Europe as part of a five-year plan.
Investors in Gemfields, the parent of high-end jeweller Fabergé, are unhappy. The gem producer and brand owner can expect a backlash over executive bonuses and the lack of transparency in its bonus scheme.
JD Williams’ claim against Allianz Insurance over PPI damages has hit problems. The insurance company has now pushed back against the N Brown-owned retailer, increasing its original claim by up to £36 million.
Bonuses paid out to JD Sports Fashion executive chairman Peter Cowegill have come under fire with advisory firm Glass Lewis recommending shareholders vote against the firm's “inappropriate” pay policy.