Magic Mike?

Magic Mike?

On a warm Friday morning in July, journalists gathered at Sports Direct’s (SPD) HQ on London’s Oxford Street for the group’s full-year results presentation, but something was wrong. The announcement had been pushed back from the beginning of the previous week because of the acquisition of House of Fraser, but with the meeting due to start at 9am, the results had yet to be released online. When the announcement didn’t materialise, the presentation was pushed back to 9.30am, then cancelled. At midday, the group said it would provide an update at 2pm, then 4pm. 

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now