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Sports Direct denies spying on MPs

Tue, 08th Nov 2016 09:05

(ShareCast News) - Sports Direct said it did not authorise or have any knowledge of a device that was said to have been used to record the private conversations of MPs from the Business and Skills Committee during an unannounced visit to its Shirebrook warehouse on Monday.The group said it was "delighted" that members of the BIS Committee visited but "disappointed" that they chose to do so when they knew founder Mike Ashley would not be on site.MPs gave Sports Direct a one-hour warning before turning up and MP Anna Turley later said that a recording device had been planted in the room where they had gathered for private discussions.Sports Direct said in its statement on Tuesday that it understood the MPs met many members of staff who expressed positive views of the company, as evidence by comments from Turley, who said: "We had a positive tour around, we got to speak to a lot of the workforce and we got to see a lot of people who were very positive about the brand.""The board understands that at an impromptu open session arranged for the workforce to share their views with the MPs in the afternoon many workers expressed their dissatisfaction with how the company was portrayed by the Committee and the media," Sports Direct said."As such, the board is disappointed that reporting of a possible recording device (the veracity of which has yet to be determined) has overshadowed the truly important issues that this visit should have focused on - the true working conditions and worker satisfaction at Shirebrook.At 0945 GMT, the shares were down 1.8% to 319.10p.
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TOP NEWS: Sports Direct Reports Double-Digit Interim Earnings Growth

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16 Dec 2019 07:51

UPDATE 4-Sports Direct renamed Frasers as department store recovery takes shape

* Sees core annual earnings 5 to 15% higher* HY core earnings grow 22% to 181.2 mln stg* Investors approve name change to Frasers Group* Shares jump almost 30% (Adds line on House of Fraser stores)By Sarah YoungLONDON, Dec 16 (Reuters) - Sports Dire...

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16 Dec 2019 07:51

UPDATE 3-Sports Direct changes name to Frasers as House of Fraser recovery takes shape

* Sees core annual earnings 5 to 15% higher* HY core earnings grow 22% to 181.2 mln stg* Investors approve name change to Frasers Group* Shares jump almost 30% (Adds name change, updates shares)By Sarah YoungLONDON, Dec 16 (Reuters) - Sports Direct ...

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16 Dec 2019 07:51

UPDATE 2-Sports Direct confident on growth after green shoots of recovery seen at House of Fraser

* Sees core annual earnings 5 to 15% higher* HY core earnings grow 22% to 181.2 mln stg* Shares jump 18 pct (Adds share price, background, analyst comment)By Sarah YoungLONDON, Dec 16 (Reuters) - Sports Direct, the British retailer controlled by fo...

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16 Dec 2019 07:51

UPDATE 1-Sports Direct says H1 earnings rise as House of Fraser losses improve

(Adds detail, background)LONDON, Dec 16 (Reuters) - Sports Direct, the British sportswear retailer controlled by founder Mike Ashley, reported a 22% rise in first-half core earnings, as it stemmed losses in its premium unit which includes fashion ...

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16 Dec 2019 07:42

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16 Dec 2019 07:18

Sports Direct says H1 earnings rise

LONDON, Dec 16 (Reuters) - Sports Direct, the British sportswear retailer controlled by founder Mike Ashley, reported a 22% rise in first-half core earnings, helped by an improvement in its premium House of Fraser unit and its European retail bus...

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16 Dec 2019 07:09

Sports Direct shares jump on earnings outlook

(Sharecast News) - Sports Direct boss Mike Ashley said on Monday he expected further House of Fraser store closures but shares in the retailer jumped more than 20% as it predicted earnings would rise this year.

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Sports Direct International Proposes Name Change To Frasers Group

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25 Nov 2019 16:47

UPDATE 1-Britain's Sports Direct to change name to Frasers Group

(Adds detail)LONDON, Nov 25 (Reuters) - Britain's Sports Direct International, the sporting goods retailer founded and controlled by Mike Ashley, is to rebrand as Frasers Group, it said on Monday.Sports Direct said the rebranding, which is subject...

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