Mike Ashley share sale hurts Sports Direct

What’s good for Mike Ashley isn’t necessarily good for his company. This week the tycoon who founded the budget retailer Sports Direct sold a 4% share in the company, but while he bagged £100m for 4% of his share, the markets turned against the company, with shares subsequently losing 7% of their value.

HSBC "not fit for purpose" says CEO

The boss of HSBC has had a moment of clarity.

“Our structure was not fit for purpose for a modern world,” said Stuart Gulliver, the bank’s CEO. The London-based firm has recently been plagued by scandal, in which it was found to have been involved with money laundering for drug gangs and terrorist-connected organizations all over the world.

Interflora Google

Take a moment to search for one of the UK’s biggest online flower shops by typing ‘Interflora’ into Google. You’d think the company’s website would be in the top two search results. It was, until a couple of weeks ago. But now the florist’s UK website has been removed from Google rankings after it caught them trying to buy their way to the top.