RE: Stops29 Jul 2019 07:28
We'll see if there's any more fallout out today from Friday's shambolic performance from Sports Direct, when it failed to produce its results on time, having already delayed them once.
When it did publish the results, there was an unexpected £605m tax bill from Belgian authorities.
"This is amateur week... it is frankly a pathetic way to run a business," says Justin Urquhart Stewart, from Seven Investment Management.
"Mike Ashley doesn't care about the City [investors] very much. As far as he is concerned he is used to running a business his way."
House of Fraser, which Sports Direct bought a year ago, "is a mess and really needs sorting out", Mr Urquhart tells Wake Up To Money.