share price news and archive

Sports Direct founder said to be sued over 15 million pound share offer

The founder of UK sportswear retailer Sports Direct, Mike Ashley, is reportedly being sued over an offer made with an investment banker in 2013, according to news reports. Former Merrill Lynch banker Jeff Blue, is said to have made the deal with billionaire Ashley over drinks in a London pub which would see Ashley pay the banker 15 million...

Fashion

Asos unable to handle surge of bargain hunters

Asos's online and mobile site's were unable to cope with the immense surge of sale shoppers after a technical error, which left the online retailer unable to process orders placed on Sunday, December 28 for several hours. On one of the busiest days for shopping post Christmas, the online fashion giant sites struggled to keep up with the demand...

Business

Zalando stock gains on the back of strong Q3 results

After buoyant third quarter results, which saw a number of fashion retailers attributing a dip in sales and revenues to unseasonably warm weather, Zalando has signaled a profitable full year ahead which led to company's shares trading above their initial public offering price for the first time since its debut on the stock market last month. The...