Sports Direct falls out of FTSE 100 following Guardian investigation

Discussion in 'Market News' started by Lily, Mar 1, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Share price has slumped more than 40% since start of December when we began series on working conditions and trading woes

    Sports Direct has been relegated from the FTSE 100 following a torrid three months in which £1.6bn has been wiped from the retailer’s value after a Guardian investigation into working conditions and a slump in trading at its stores.

    The group’s share price is now down more than 40% since the start of December and the retailer’s demotion from the premier league of UK listed companies was on Tuesday characterised as an example of the punishment investors can mete out to large companies that appear not to treat their workers fairly.

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