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Profits down by more than half for Sports Direct

Credit: ITV News.

The Derbyshire based retailer Sports Direct has revealed a fall in profits of more than 50 percent.

The sportswear giant said the 58.7% decline in pre-tax profits to £113M was a result of failure to 'hedge against' the drop in the value of the pound following the Brexit vote.

Owner Mike Ashley speaking after the profits announcement said the company was optimistic about the future but will be conservative in managing for the medium to long term.

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MPs disappointed by 'bugged' Sports Direct meeting

MPs have said that they are disappointed after they were allegedly filmed while holding a meeting at the Sports Direct warehouse in Derbyshire.

It comes after a surprise inspection to see working practices yesterday.

Anna Turley, MP for Redcar, claims a woman planted a recording device in a room where they were having a meeting.

MPs claim private Sports Direct meeting was 'bugged'

The alleged recording device Credit: Anna Turley MP/Twitter

A group of MPs claim to have found a recording device during private discussions after an unannounced visit to Sports Direct's controversial warehouse in Derbyshire.

They had travelled to Shirebrook for an on-the-spot inspection on Monday afternoon and were taken on a three-hour tour of the premises. Anna Turley, MP for Redcar, claims to have seen a member of staff planting a recording device in the room where the MPs had gathered for lunch.

A lady came in with some sandwiches, which was very kind. I saw her take too long to do it, she put it down and I saw her put a recording device on the floor.

She left the room and I went over to pick up the device and there it was: a camera and a recording device for the conversation that we were having privately.

– Anna Turley MP

We have contacted Sports Direct but have not yet received a response.

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