Sports Direct delays results as House of Fraser deal backfires
British retailer’s shares decline after it blames postponement on complexity of integrating House of Fraser
15 July 2019 - 18:23
London — British retailer Sports Direct has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December.
Shares in the company, controlled by Newcastle United soccer club owner Mike Ashley, dropped as much as 14% to a seven-month low of 226.2 pence in early Monday trading...
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