Retailer Sports Direct has delayed publishing its annual results, warning that problems in integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December.
It’s the ultimate battle of philosophies in Manchester tomorrow. A classic clash of styles as the family pulling every stroke to pump as much money as possible into their club faces the family working every trick in the book to take it out.
The Mandate Trade Union said there remains a level of concern among more than 200 staff at the House of Fraser store in Dundrum Town Centre — the sole outlet in the Republic — despite Sports Direct, the retailer controlled by Newcastle United owner Mike Ashley, snapping up the department store group’s UK stores from its administrators.
PCP Capital Partners, the investment firm run by British businesswoman Amanda Staveley, is interested in bidding around £300m (€340m) for Newcastle United after owner Mike Ashley put the Premier League club up for sale, according to a source.
British retailer Sports Direct has reported a 29% slump in full-year earnings after failing to hedge against a weaker pound, but its shares rose on a forecast of growth this year and hopes management was getting its house in order.