sports-direct

The UK’s largest sportswear retailer is under the cosh. The FTSE 250-listed company (it fell out of the FTSE 100 Index earlier this year) has been making the news for all the wrong reasons in 2016, with high profile scandals over its employment practices and working conditions. Mike Ashley, the company’s founder and owner of a 55% stake, has refused to blame the board despite recognising the firm’s shortcomings. The company’s shares have fallen by 42% this year and rumours abound that Ashley intends to remove the business from the stock market.