BUZZ-Sports Direct: falls on 'ballooning' net debt
** Sports Direct falls 9.8 pct despite reporting a 7 pct rise in H1 adjusted earnings
** Broker Canaccord Genuity says SPD's "ballooning" net debt is a cause for concern: up to £471.7 mln from £182 mln a year earlier, as a result of capex, buybacks and acquisitions
** Says earnings flattered by restatements and disposals; says retail P&L tells real story (sales -1.4 pct, gross margin -80 bps despite costs falling by 9.7 pct)
** Second top faller on FTSE Small Cap index; worst day for the stock since June 2016