Sports Direct delays results as deal backfires


FILE PHOTO: Mike Ashley, founder and majority shareholder of sportswear retailer Sports Direct, leads journalists on a factory tour after the company's AGM, at the company's headquarters in Shirebrook, Britain, Sept 7, 2016.

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 7% in early trading yesterday.

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