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Delay as Sports Direct 'still finalising' results | |
(32 minutes later) | |
Mike Ashley's Sports Direct has said it is "still finalising" its financial results, which were due to be released early on Friday morning. | |
The firm said it expected the results would still be published on Friday. | |
The retailer had previously delayed publishing annual results on 15 July, citing uncertainty in trading at its House of Fraser chain and increased scrutiny of its auditor. | The retailer had previously delayed publishing annual results on 15 July, citing uncertainty in trading at its House of Fraser chain and increased scrutiny of its auditor. |
It indicated then that it may not achieve its profits forecast. | It indicated then that it may not achieve its profits forecast. |
In a statement released on Friday morning, Sports Direct said: "Unfortunately we are still finalising preliminary results. | |
"We anticipate that our annual results will still be released today, with a presentation to follow, and will update again at midday. | |
"Apologies for any inconvenience." | |
On Wednesday, the firm had said it would be publishing its results on Friday. | |
UK-listed companies normally publish their results at or close to 07:00, before the London markets open at 08:00. | UK-listed companies normally publish their results at or close to 07:00, before the London markets open at 08:00. |
Sports Direct shares fell about 3% in early trading on the London stock market. | |
The firm was due to give a presentation to investors and media at 09:00, but this was cancelled at the last minute. | |
BBC personal finance correspondent Simon Gompertz tweeted: |