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Sainsbury’s boss Mike Coupe to quit after six years

Sainsbury’s boss Mike Coupe to quit after six years

Business
Sainsbury's has announced its chief executive Mike Coupe will retire from the supermarket group.Mr Coupe has led Sainsbury's for almost six years, during which time he oversaw a failed attempt to merge with rival supermarket Asda.The head of Sainsbury's retail and operations, Simon Roberts, will take over from Mr Coupe."This has been a very difficult decision for me personally," Mr Coupe said. "There is never a good time to move on, but as we and the industry continue to evolve, I believe now is the right time for me to hand over to my successor."Mr Coupe's departure comes after he said last May he would be "sticking to the company" when asked whether he had been asked to step down after the failed merger."I'm planning to stay," he said at the time.Mr Cou...
Mike Horn and Boerge Ousland: North Pole explorers complete epic trek

Mike Horn and Boerge Ousland: North Pole explorers complete epic trek

Science
Two explorers who trekked hundreds of miles at the North Pole and were running out of food have reached safety after an epic journey across the ice.South African Mike Horn and Norwegian Boerge Ousland covered about 1,800km (1,120 miles) on treacherous drifting ice in the past couple of months.Because of delays, they had been expected to run out of food by Friday.However, they managed to meet up with two Norwegians sent to rescue them despite a local storm.The latest Instagram update on Sunday showed a picture of the four men on their way to the Norwegian polar research ship, the Lance, which was due to pick them up. An earlier entry described how the two pairs had got closer and closer to each ot...
Houston Texans sign veteran safety Mike Adams

Houston Texans sign veteran safety Mike Adams

Sports
Oct. 1 (UPI) -- The Houston Texans signed veteran safety Mike Adams, who recently worked out for the team, to a contract, the club announced Tuesday. The Texans waived tight end Jerell Adams in a corresponding roster move, according to the team. Houston also signed safety Jonathan Owens to the practice squad and released offensive tackle Christian DiLauro and safety Austin Exford from the practice squad. Adams, who turned 38 in March, started all 32 regular-season games for the Carolina Panthers across the last two seasons after joining the franchise in 2017. Adams, a two-time Pro Bowl selection with the Indianapolis Colts, entered the league with the San Francisco 49ers in 2004 as an undrafted free agent out of Delaware. The veteran defensive back started 10 contests during his second s...
Mike Ashley: I want to be one of the big fish

Mike Ashley: I want to be one of the big fish

Business
Media playback is unsupported on your device Mike Ashley has defended Sports Direct's strategy and said he still has faith in High Street retail."It's going to be a lot smaller pond, but the fish are going to be enormous. I want to be one of those enormous fish," he told the BBC.His comments came after a difficult annual general meeting (AGM), where shareholders criticised his strategy.The businessman admitted he had bitten off more than he could chew with the firm's slew of recent purchases. Sports Direct has admitted that last year's £90m acquisition of House of Fraser was a mistake, describing problems at the department store chain as "nothing short of terminal".But investors have also questioned Mr Ashley's readiness to buy up a range of o
Mike Ashley continues shopping spree with Links of London bid

Mike Ashley continues shopping spree with Links of London bid

Business
By Mark Kleinman, City editor The high street tycoon Mike Ashley is continuing his unprecedented acquisition spree by tabling a bid to acquire Links of London, the struggling jewellery chain.Sky News has learnt that Sports Direct International, in which Mr Ashley is the majority shareholder, is one of two final bidders attempting to buy Links from its stricken Greek owner. Sports Direct's presence in the auction has emerged just days before the company holds an annual meeting that is set to see a big protest vote from institutional investors against Mr Ashley's leadership of the company. Image: Links of London was founded in 1990 and is currently owned by the Folli Follie Group. Pic: LoL ...