GB Group Shares News & Articles

Market report: Sports Direct profits slump 60%, shares rally on revenues beat

Mike Ashley’s Sports Direct (SPD) is well supported by investors in early trading on Thursday as better than expected sales offset a big fall in profits. The shares rise more than 5% to 316.1p in spite of underlying pre-tax profit diving to £113.7m in the year to 30 April, a performance blamed on the slump in sterling and soaring depreciation charges. That’s down from £275.2m in 2016. Yet ...

The Rational Investor: Why it pays to weigh up all the information before making an investment decision

One of the key principles of investing is that you can make good money by exploiting market inefficiencies. The stock market, made up by the actions of hundreds if not thousands of investors, is not always right when it comes to pricing in good or bad news. You can often buy a company that is priced too cheaply and hook yourself a bargain. The same applies when the market gets too ...
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