14th Jan 2016 07:20
LONDON (Alliance News) - Sports Direct International PLC on Thursday disclosed hedge fund manager Crispin Odey has raised his stake in the company to around 5.0%, coming after consistent falls in the company's share price and less than a week after it issued a warning on Christmas trading.
In a stock exchange filing, Sports Direct said Odey Asset Management has increased its stake in the business to 5.0% from 1.4% previously.
On Friday, Sports Direct issued a profit warning, downgrading its earnings assumption for the year to April 26 after saying the high street environment in the UK had deteriorated over the festive period and saying it had been hit by the mild winter weather conditions.
By Sam Unsted; [email protected]; @SamUAtAlliance
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