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Sports Direct under scrutiny from two regulators

Two regulators are scrutinising Sports Direct over its accounts and its compliance with rules on inside information.

The retailer’s latest accounts have been queried by the Financial Reporting Council over concerns about how its auditor, Grant Thornton, valued its holding in Debenhams, which almost collapsed last month.

The Financial Conduct Authority has also contacted Sports Direct to ask questions about its disclosure of information surrounding a possible bid for the department store chain last year.

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