Sports Direct shares tumble as it races to find new auditor

After Grant Thornton quits, retailer talks to government about stock market rules

Shares in Sports Direct have tumbled to their lowest level since 2011 after its auditors quit leaving the retailer, leaving less than a month to find a replacement.

The share price slumped more than 11% to 214p on the news, valuing the company at just over £1bn. Five years ago shares were changing hands at 922p and the retailer was valued at more than £5bn.

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