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Sports Direct shares tumble as Mike Ashley reveals profit slump

Discussion in 'Market News' started by Lily, Mar 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Retailer’s shares slide by 9% after founder warns: ‘We are in trouble … we can’t make the same profit we made last year’

    Shares in Sports Direct have slumped again after the company’s founder Mike Ashley appeared to announce the retailer’s latest profit warning during a media interview.

    The group’s shares led the FTSE 250 fallers, shedding about 9%, in the latest setback for the retailer, which was the subject of a Guardian investigation into pay and working conditions at its warehouse in December.

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