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Sports Direct shares tumble as auditor Grant Thornton quits

Shares at Mike Ashley’s Sports Direct fell by more than 11 percent following the announcement that the retailer’s auditor since 2007, Grant Thornton, would quit after the company’s annual general meeting on 11 September. Sports Direct released a statement on Wednesday saying: “Sports Direct received notice from Grant Thornton UK LLP (GT) that,...

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Sports Direct auditor Grant Thornton quits

Mike Ashley’s Sports Direct has announced that Grant Thornton will quit from its position as the retailer’s auditor. Following a review of its client portfolio, Grant Thornton has decided not to seek reappointment as its auditor from 11 September when Sports Direct’s next annual general meeting will take place. Last month, Sports Direct delayed...