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| Version 0 | Version 1 |
|---|---|
| Sports Direct profits dented by negative publicity | Sports Direct profits dented by negative publicity |
| (35 minutes later) | |
| Profits have fallen sharply at Sports Direct because of negative publicity about its working conditions and a tough High Street environment. | Profits have fallen sharply at Sports Direct because of negative publicity about its working conditions and a tough High Street environment. |
| The company posted a 15% drop in annual profit on Thursday. | The company posted a 15% drop in annual profit on Thursday. |
| Shares rose more than 11%, though they have lost around 46% for the year. | Shares rose more than 11%, though they have lost around 46% for the year. |
| The retailer was savagely criticised for the way it treated its staff including paying below minimum wage, resulting in boss Mike Ashley appearing before MPs to answer their concerns. | The retailer was savagely criticised for the way it treated its staff including paying below minimum wage, resulting in boss Mike Ashley appearing before MPs to answer their concerns. |
| Sports Direct said current political uncertainty after the UK voted to leave the EU last month was likely to act as a drag on consumer confidence. | |
| It said lower traffic on the High Street and the weaker pound made the outlook for next year hard to predict. | |
| Sports Direct reported pre-tax profit for the year to 24 April of £361.8m ($469m), missing its guidance of £380m, while revenue was up 2.5% at £2.9bn. |