Analysts were relieved as owner Mike Ashley made Jon Kempster finance director, a post vacant for four years. Profits fell to £113.7m for the year to April 30. But the shares surged 11 per cent. MailOnline Also reported by •thisismoney.co.uk
Shares in Sports Direct were up almost seven per cent in mid-morning trading, despite the retailer posting results showing its pre-tax profits plunged 60 per cent last year.
Could it have been.. City A.M.
Pre-tax profits at Sports Direct fell to a six-year low in the year to the end of April, it revealed today.
Preliminary results published this morning showed underlying profit before tax fell 59 per.. City A.M.
*Today's top story: *State pension age rises to 68: Government to accelerate timetable for increases
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We.. City A.M.
Hedge funds are betting on bad news as Sports Direct announces it preliminary full-year figures tomorrow.
In the last week there has been a spike in stock loaned to those seeking to short shares in.. City A.M.