Britain's biggest sporting goods retailer Sports Direct posted a 20 percent rise in full-year profit and said it had made up with key supplier Adidas AG after a recent row with the German sportswear firm.
Sports Direct's founder Mike Ashley has withdrawn from participation in the sportswear retailer's 2015 bonus share scheme just two weeks after it was backed by a small majority of independent shareholders.
British retailer Sports Direct hit out at shareholders on Wednesday for failing to back a lucrative bonus share scheme proposed for its founder Mike Ashley, as it posted a rise in fourth-quarter sales.
Britain's blue chip share index hit a two-week low on Tuesday, with Sports Direct leading losses after a share sale by founder Mike Ashley and technicals pointing to a bearish market outlook in the near term.
The founder of Britain's Sports Direct has bought an 11 percent stake in House of Fraser, a source close to the deal said, only days after China's Sanpower Group agreed to buy a 89 percent in the British department st...
Sports Direct on Tuesday outlined plans to hand its founder and deputy chairman Mike Ashley a share bonus worth around 65 million pounds in recognition of the company's rise to Britain's biggest sporting goods retailer.