Behind every billionaire there is a story!

Sports Direct Shares Fall Most Ever on Profit Concern

i knew this guy was a flagrant cheater!

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Shares of Sports Direct International Plc lost almost a quarter of their value after the U.K.’s biggest sporting-goods retailer reported slumping profit and said higher interest rates and floods in Britain will crimp revenue.

Earnings growth this year may be “limited” as sales in the past three months “deteriorated,” the Mansfield, England-based owner of the Slazenger and Dunlop tennis brands said today. Profit for the year to April 29 fell 40 percent because of bonus payments to staff relating to February’s initial public offering.

read the rest published by Bloomberg here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4u2RKpfq.IE