More NewsFD buys one million shares in Sports Direct

FD buys one million shares in Sports Direct

Bob Mellors, FD at embattled retailer Sports Direct has made plain his confidence in the company's future a bought a million shares at 98p.

It was only Wednesday that the company revealed that
first-half
profits
were down 32% blaming poor summer, poor christmas trading and a poor
performance from England’s national football team. CEO Dave Forsey mirrored
Mellors’ purchase by making exactly the same investment.

Mellors, like his boss founder Mike Ashley, has faced criticism in the past
from the City for failing to make himself available to analysts and not
explaining the company’s strategy or results.

The FD was in the firing line again this week after being accused of not
explaining whether an unssuccessful currency deal, which lost the retailer £31m,
could have been avoided.

For more go to:

Sports
Direct under pressure – again

Stand
by your FD

Related Articles

Amazon UK halves its corporation tax bill despite increased turnover

More News Amazon UK halves its corporation tax bill despite increased turnover

4m Alia Shoaib, Reporter
Increase in UK business confidence despite Brexit, according to ICAEW

More News Increase in UK business confidence despite Brexit, according to ICAEW

7m Alia Shoaib, Reporter
Live blog: Spring Budget 2017

Corporate Tax Live blog: Spring Budget 2017

9m Accountancy Age editorial
The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

Insolvency The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

11m Accountancy Age editorial
Leonard Curtis called in as administrators for builders Boshers

Legal Leonard Curtis called in as administrators for builders Boshers

11m Stephanie Wix, Writer
New Year Honours of 2017

Accounting Standards New Year Honours of 2017

11m Stephanie Wix, Writer
"Not enough time" to implement MTD by 2018, says Tyrie

Corporate Tax "Not enough time" to implement MTD by 2018, says Tyrie

1y Stephanie Wix, Writer
Colin: A spoonful of investment...

Governance Colin: A spoonful of investment...

1y Stephanie Wix, Writer