Findel news and archive

Findel urges shareholders to reject Sports Direct takeover bid

Home shopping retailer Findel has urged its shareholders to reject an "opportunist" takeover bid from Mike Ashley’s Sports Direct. In a statement released Wednesday, Findel said it thinks Sports Direct’s current offer of 161p per share “significantly undervalues Findel and its future prospects” when compared to analyst target prices which range...

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Sports Direct raises its stake in Findel to 36.8 percent

Sports Direct International plc has acquired 6,000,000 Findel shares at a price of 161 pence per share from City Financial Absolute Equity Fund. The company expects the acquisition to settle on March 6, 2019 and following the acquisition Sports Direct will, the company said in a statement, in aggregate, hold 31,850,000 Findel shares,...

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Findel boosts board with Home Retail Group exec

Multi channel retailer Findel has appointed former Home Retail Group executive Gregor Ball as an independent non-executive director with immediate effect. Ball has “significant experience” working in retail and regulated financial services from across his executive and non-executive career which has included senior positions at Home Retail Group...

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What Mike (Ashley) did next?

Billionaire founder of Sports Direct, which reports half-year results on Thursday, made it to the news over the weekend as he is reportedly moving behind the scenes to force football-strip retailer Findel to accept one of his nominees on its board. As reported by the ‘Guardian’ and the ‘Independent’ on Sunday, investors in the online sports and...