trending Market Intelligence /marketintelligence/en/news-insights/trending/INPwu5ELyp8AGFdnkJN6wQ2 content esgSubNav
In This List

Report: Sports Direct loses biggest independent investor

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective


Report: Sports Direct loses biggest independent investor

Sports Direct's biggest independent investor Standard Life Plc has sold its entire 5.8% holding in the sports retailer, The Guardian reported Aug. 3.

British insurance company Aviva Plc also sold its stake in the company, the news publication said.

According to the report, investors have expressed concerns about the dominance of the CEO, Mike Ashley, excessive pay rewards and poor treatment of employees.

The future of Sports Direct Chairman Keith Hellawell is also uncertain, The Guardian reported, following his vow to step down if most of the minority shareholders did not support his re-election.

"We are concerned about the direction of travel at the firm and what will happen next," one of the fund management companies told The Guardian.