Harvey Nichols bought by owner of Sports Direct

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Image source, Getty Images By Yasmin Rufo Business reporter Published 13 August 2026, 13:40 BST Updated 5 hours ago Luxury department store Harvey Nichols has been bought by the owner of Sports Direct, which warned a "significant restructuring" was needed to ensure the 200-year-old business remains sustainable. Mike Ashley's Frasers Group will take control of the Harvey Nichols stores, including its flagship in Knightsbridge, as well as the international franchise. The department store was immortalised in BBC sitcom Absolutely Fabulous, but had faced challenges in recent years. The firm had appointed administrators in June. Michael Murray, Frasers' chief executive and Ashley's son-in-law, called the store a "British institution with significant potential" but added "clear meaningful change is needed". "The turnaround will require tough choices and we are prepared to make those decisions, even if that means a smaller business in the near t...
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Stocks making the biggest moves after hours: Cisco, Jack in the Box, Cerebras, StubHub & more

Stocks making the biggest moves after hours: CSCO, JACK, CBRS, STUB Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out the companies making the biggest moves after the bell: Jack in the Box The fast food chain gained more than 1% on better-than-expected earnings for the company's fiscal third quarter. Jack in the Box earned 96 cents per share, topping a FactSet estimate of 88 cents per share. Red Robin Gourmet Burgers The restaurant chain posted second-quarter results that beat analyst expectations, sending shares higher by nearly 2%. Red Robin earned 12 cents per share, excluding certain items, on revenue of $277.6 million. Analysts expected the company to break even on revenue of $265.8 million. Coherent The photonics company lost almost 3% in extended trading after adjusted gross margin for the fourth quarter was roughly in line with estimates. Non-GAAP gross margin was 40.2%, while the StreetAccount consensus estimate anticipated 40%. Guidance for first quarter earnings and revenue surpassed analysts' expectations. Cerebras Systems Shares of the artificial intelligence chip manufacturer tumbled 14%. Revenue in the second quarter came in at $180 million, versus the $194 million LSEG consensus estimate. StubHub The secondary marketplace for event tickets lost more than 15%. Adjusted gross margin in the second quarter came in at 82.2%, while the StreetAccount consensus called for 84.3%. The company also reaffirmed its full-year outlook for adjusted EBITDA. Cisco Systems Shares fell 3%. Adjusted gross margin for the fourth quarter only narrowly beat estimates, coming in at 66.3% versus the StreetAccount consensus call for 66%.

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