Market analysts had forecast a steep decline in the share price at Monday's opening after a bizarre turn of events last week.
Shares in Mike Ashley's Sports Direct have plunged by up to 27% as investors give their first reaction to financial results - delayed several times in bizarre fashion last week.
The stock fell sharply at the open and settled almost 18% down on the day when trading began on Monday morning. It was not until after dealing had concluded on Friday that the retailer finally revealed numbers for the year to the end of April.They showed not only the expected drag that the purchase of House of Fraser had proved but also, contained at the bottom of the document, was news of a shock £605m tax demand from authorities in Belgium.
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