Retail news

• Grant Thornton to quit as Sports Direct auditor

  29-07-2019 22:30
  Split with longstanding client adds to pressure on Mike Ashley over governance
  
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• Neil Woodford's brand has gone from asset to liability

  29-07-2019 21:00
  To rebuild trust, the embattled fund manager should start by scrapping his management fees Neil Woodford once had a reputation as Britain’s answer to Warren Buffet, with the celebrity kudos to bring in more than £10bn of other people’s money to manage on their behalf.Stock watchers used to refer to the “Woodford effect” of investors picking a star manager, rather than a particular asset class or market. The situation could not be any more different today with his Eq
  
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• Waitrose stops sale of birds shot with lead as experts call for UK ban

  29-07-2019 15:14
  Studies highlight risk to health of humans and wildlife from toxic particles in meat• Letter: Use safe alternative to toxic lead gunshotWaitrose, Britain’s largest retailer of game, is to ban the sale of birds shot with lead, as experts call on the government to ban its use.The move has been welcomed by the government’s independent expert group, which concluded that there was no way to reduce the risk to human health and wildlife from lead shot other than by using alternative, n
  
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• Only 149 shopping days to go: Christmas comes early to Selfridges

  29-07-2019 15:05
  London department store proudly boasts of being the first to open its festive bauble shopSelfridges has opened its Christmas shop for those who want to recover from the heatwave with some wintry seasonal cheer.The London department store, which opens its Christmas shop early every year, has proudly claimed it is again the first in the world to unveil its Christmas section, a “record” 149 days before the event itself and two days earlier than last year. Related: Selfridges’ Chri
  
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• Sports Direct shares dive after results chaos

  29-07-2019 09:24
  Mike Ashley group warned of ‘terminal’ House of Fraser problems and £605m tax bill Shares in Mike Ashley’s Sports Direct crashed by more than a quarter after the retailer’s disastrous annual results announcement on Friday, a chaotic day that saw several delays and shock financial revelations.The shares plummeted by 27% to 166.6p when trading opened on Monday, in the stock market’s first response to the shambolic annual statement that included a warning that th
  
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