Sports Direct accuses PIRC lobby group of 'fake news' over executive pay claims

Mike Ashley's Sports Direct has lashed out at an influential shareholder lobby group, accusing it of "fake news" for claims over its executive pay ratios.

The retailer said a report by Pensions & Investment Research Consultants (PIRC) "incorrectly claims that Sports Direct had a chief executive-to-average employee pay ratio of 400:1, the second highest in the FTSE 350".