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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.



Latest pictures from the scene of house bodies find

Police have been at the scene on Station Road all day. Credit: ITV News Central

These are the latest pictures from Station Road in Shirebrook, Derbyshire where the bodies of two women were found in a house on Friday evening.

A 20-year-old man from Sheffield has been arrested in connection with the investigation.

Forensic teams are at the house. Credit: ITV News Central
This is the house on Station Road where the two women's bodies were discovered. Credit: ITV News Central
The deaths are being treated as suspicious. Credit: ITV News Central
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