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Sports Direct shares fall a further 7%

Discussion in 'Market News' started by Lily, Jan 11, 2016.

  1. Lily

    Lily Forum Member

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    Market analysts had been giving the Mike Ashley-founded company the benefit of the doubt until Friday’s profit warning

    Sports Direct’s shares have tumbled a further 7% after analysts warned about the company’s prospects following Friday’s profit warning. Monday’s fall means more than £1bn has been wiped off the retailers’ stock market value so far this year.

    Related: Sports Direct issues profit warning after poor Christmas sales

    Related: Revealed: how Sports Direct effectively pays below minimum wage

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