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magazineSpanking for Sports Direct
In an excoriating research note (21 Apr) entitled ‘From Damascus to Delaware’, stockbroker Peel Hunt has put the boot into Sports Direct International’s (SPD) $101m acquisition of 50 loss-making stores from a distressed US business. The company’s focus should be on turning round Sports Direct’s UK business rather than a US foray, according to Peel Hunt. (JC)
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Issue contents
Big News
- Energy in a spin over plans for power price cap
- Wincanton joins list of potential takeover targets
- Virgin Money shrugs off unsecured debt concerns
- Sportech easier to swallow after pools sale
- Tritax investors offered cheap shares
- Spanking for Sports Direct
- Robotics stocks could get boost from Trump policies
- Whitbread burnt by Costa sales decline
Editor's View
Feature
Great Ideas Update
Investment Trusts
Larger Companies
Money Matters
Smaller Companies
Story In Numbers
- FTSE 350 sectors, best performers
- Commodity prices this year selection
- £150m: Debenhams’ costly to-do list
- $5.4trn: Record ETF flows boost world’s largest asset manager
- £100bn: Search advertising market is booming
- ZPG could tap £3bn revenue opportunity
- £1,470: Moneysupermarket saves you money but is it a good investment?
- 71 month high: French business activity
