MySale shares plunge by more than 50% after profits warning

£29m wiped off paper value of flash-sale site part-owned by Philip Green and Mike Ashley MySale, the online flash-sale retailer part-owned by retail tycoons Sir Philip Green and Mike Ashley, issued an unexpected profits warning on Tuesday, prompting a plunge in the shares that wiped out almost half the company’s market value.In an unscheduled trading update, MySale said it expected revenue and profits for the year to 30 June 2019 to be significantly below market expectations, blaming