Business

Sports Direct staff eye bonus

ANOTHER record-breaking profits haul from Sports Direct kept its staff on track for a fresh bonus windfall.

The business reported a 16 per cent jump in pre-tax profits to £239.5 million for the year to April 27. Underlying earnings were 15 per cent higher to £331.1 million, clearing another hurdle under a 2011 four-year share incentive bonus scheme for around 3,000 staff.

If the figure beats £300 million in 2015, shop floor workers will be awarded 34 million shares in a payout worth an average of £80,000 at today's prices.

A scheme last year awarded a typical worker shares worth £68,000.