coup: Oh, and there will be no profit guidance for next year, according to The Guardian. The coup de grace, the show-stopper, came at the end an unresolved 674m 605m tax bill from the Belgian authorities. The idiosyncratic billionaire's comments included expressing regret about buying House of Fraser last year due to its terminal problems; urging the City regulator to offer voluntary drugs tests to the chief executives of listed businesses; revealing that none of the big four auditors are able or willing to work with Sports Direct; and railing at length over the circumstances of his company's failed bid for control of Debenhams. The final paragraph of the results came out of the blue and will almost certainly trigger a punitive response from investors on Monday and, in the medium term, an attempt to punish the company's board. Given the tax bill arrived 24 hours before the results were published, this asks questions of the power dynamic between Grant Thornton and Sports Direct. Sports Direct said it would address the tax issue but Chris Wootton, the deputy finance director, acknowledged that Grant Thornton, Sports Direct's auditor, needed convincing.
(news.financializer.com). As
reported in the news.
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