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BIZARRE: 3 - You Need To See This

Wall Street stocks rally at end of choppy week for global markets

It was a mixed session for global stocks as investors continue to digest key economic releases and central bank signals.

Evening Standard

Boohoo shareholders vote to block Mike Ashley from joining board

Chair hails ‘resounding vote of confidence’ as investors reject Sports Direct founder and his associate Mike Lennon

The Guardian - UK

Boohoo shareholders deny Mike Ashley seat on board after boardroom battle

Frasers Group, which owns a 27% stake in Boohoo, had urged investors to appoint Mr Ashley and restructuring expert Mike Lennon.

Evening Standard

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Boohoo says Frasers Group can have seat on board – but not Mike Ashley

Boohoo chair Tim Morris said Mr Ashley is ‘not appropriate’ for a board seat because of ‘obvious conflict points’.

Evening Standard

Mike Ashley has the right critique of Boohoo. But he doesn’t belong on its board

The online retailer needs a shake-up – but the Sports Direct supremo is far from an unconflicted party

The Guardian - UK

Boohoo wins influential adviser’s support in battle with Mike Ashley

ISS reportedly tells fast-fashion firm that Frasers Group approach is ‘superficial’ and ‘offers no plans for change’

The Guardian - UK

Boohoo gains backing of proxy adviser in boardroom spat with Frasers

Boohoo said Institutional Shareholder Services (ISS) had recommended shareholders vote against the plans on December 20.

Evening Standard

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Frasers cuts profit outlook amid ‘weaker’ shopper confidence around Budget

It came as the Mike Ashley-founded firm revealed a slump in sales for the past half-year, and lower profits

The Independent UK

Mike Ashley met by ‘stone wall’ in data bid after £13m HMRC dispute, court told

The Frasers Group founder is bringing legal action against the tax body over allegedly ‘extensive’ breaches of data protection obligations.

Evening Standard

Frasers Group to shed light on consumer demand ahead of key Christmas period

Frasers Group will update investors on its performance over the past six months on Thursday December 5.

Evening Standard

Mike Ashley’s Frasers buys £3m stake in Marks Electrical

In a stock market filing, Marks revealed that Frasers has bought 6.73 million shares in the business.

Evening Standard

Chronic pain and ravaged mental health: this is the brutal reality of Britain’s new working class

The story of former Amazon worker Karolina Sobczak reveals much about the people who keep our society running – at huge personal cost, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

Mike Ashley’s Frasers urges Boohoo to oust co-founder Kamani

Frasers, which is Boohoo’s largest shareholder, said Mr Kamani ‘must go’ after overseeing a sharp plunge in its shares over the past three years.

The Independent UK

Boohoo accuses Frasers Group of ‘self interest’ amid Mike Ashley row

Frasers Group had called Boohoo ‘desperate’ after it declined its attempts to install founder Mr Ashley as chief executive.

Evening Standard

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The Independent UK

Frasers Group says appointment of Boohoo boss shows ‘disregard’ for shareholders

Mike Ashley’s firm had been trying to install him as Boohoo’s new chief executive, but the online retailer chose someone else.

Evening Standard

Hornby to sell loss-making Oxford Diecast business

Shares in the scale models group rose after it confirmed the deal.

The Independent UK

Hornby to sell loss making miniature car maker Oxford Diecast

The move is part of a strategy to boost profitability at the Mike Ashley-backed business

Evening Standard

Barometer! Absinthe and syphilis boom — meanwhile everyone's already bored of Wicked

What’s hot... and what’s not — keep up with Joe Bromley’s weekly barometer

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The Independent UK

Boohoo appoints new head, rejecting Mike Ashley’s attempted boardroom takeover

The struggling online retailer has chosen Dan Finley, the boss of Debenhams, which it owns, as its new chief executive.

Evening Standard

FTSE 100 Live 01 November: Markets calmer after sell-off, Reckitt Benckiser shares jump

Borrowing costs continue to be in focus after a rocky week for markets on both sides of the Atlantic.

The Independent UK

Voices: What could be better than reviving Boohoo? Bring back Topshop instead!

COMMENT: The fast-fashion retailer that boomed during the pandemic has fallen on hard times, and Sports Direct founder Mike Ashley hopes to rescue it – but, says Emma Clarke, there’s another British high-street brand that’s ready for a comeback

The Independent UK

FTSE 100 ends week in the red as investors look to upcoming Budget

Chancellor Rachel Reeves will deliver the spending statement on October 30, with several tax hikes mooted.

The Guardian - UK

Boohoo rejects criticism from Frasers Group as ‘inaccurate and unfair’

Frasers Group, which owns 27% of Boohoo, is attempting to install its founder Mike Ashley as chief executive of the online retailer

The Independent UK

Boohoo hits back at Frasers over Mike Ashley’s attempted boardroom takeover

Frasers had previously sounded the alarm over what it said was a ‘leadership crisis’ at Boohoo, and sought to install Mr Ashley as chief executive.

Evening Standard

Boohoo wards off audacious boardroom coup move from Frasers

neither delayed responding to Frasers’ requests for board representation nor ignored them.”

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