The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJJB.L Share News (JJB)

  • There is currently no data for JJB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Irish eyeing JJB Sports

Tue, 18th Sep 2012 14:47

Ireland's biggests sports shop chain could be looking to expand over the Irish Sea through the acquisition of cash-strapped JJB Sports.Sky News reports that Stafford Group, a family-owned private company which owns the Lifestyle Sports chain in Ireland, is among those companies in the running to buy JJB Sports, which put itself up for sale last month. Mike Ashley, owner of Newcastle United football club and the founder of sportswear chain Sports Direct, is widely reckoned to be the favourite to gain control of JJB, which failed last month to raise the funds it believes it needs for its umpteenth turnaround plan. However, subsuming JJB into Sports Direct might raise some competition concerns, and there are reportedly several other groups still in the running, including US outfit Dick's Sporting Goods, which made a strategic investment in JJB in March, the value of which it has already written off."People close to the situation said that GA Europe and Hilco, two restructuring specialists, had also tabled offers. Dick's Sporting Goods, the US retailer which earlier this year bought a small stake in JJB, JD Sports and Hargreaves, another retailer, have all also lodged their interest," writes Sky News City Editor, Mark Kleinman.JJB has already warned shareholders not to expect their shares to be anything once the sale process has gone through, but that did not stop the shares rising by more than a quarter to 0.36p on the morning the Sky News story broke. JH
More News
20 Mar 2011 08:59

Sunday newspaper round-up: Barclays, Budget, Punch...

Barclays has warned the Treasury against breaking up banks in a thinly veiled threat that it may move its headquarters to America. John Varley, the bank's former chief executive and its lead adviser on government affairs, held a tense meeting with officials last week. It was one of a series of priv

Read more
15 Mar 2011 16:42

London close: Heavy losses despite recovery

The FTSE 100 closed deep in the red Tuesday amid continuing worries over the situation in Japan, though losses were more than halved following a slide in the morning as nerves calmed. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation le

Read more
15 Mar 2011 14:27

London afternoon: Stocks stabilise

Leading shares remain deep in the red and the best that can be said is that the situation did not get materially worse over the lunch time session. A third explosion at the Fukushima Daiichi nuclear power plant in Japan has raised concerns of a major radiation leak and sparked panic selling on the

Read more
15 Mar 2011 12:09

London midday: Slide continues in quake aftermath

The blue chip index continues to be hurt by the crisis in Japan as sentiment remains battered by fears of a nuclear disaster. While off its lows for the day so far, the FTSE 100 still remains over 2% under at around 5,640, a level not seen this year. A third explosion at the Fukushima Daiichi nucle

Read more
15 Mar 2011 08:46

London open: Nuclear fears sink Footsie

An 11% plunge in Tokyo this morning on fears of a nuclear catastrophe in Japan has hammered share prices in London first thing. A third explosion at the Fukushima Daiichi nuclear power plant has raised concerns of a major radiation leak. People within 30 kilometres of the plant are being told to st

Read more
15 Mar 2011 07:34

JJB Sports in new £65m cash call

The fate of troubled sportswear retailer JJB Sports could be decided next week after it confirmed it intends to raise £65m through a new share placing, but only if its landlords agree to a new company voluntary agreement (CVA). It is the firm's second huge fund raising in just two months, having ra

Read more
14 Mar 2011 16:47

London close: Japanese concerns knock Footsie

London closed near to its low for the day as a decline on Wall Street dragged the market lower later in the day and there were concerns about the possible effects of the Japanese earthquake on financial markets and global economies. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick o

Read more
14 Mar 2011 14:57

London afternoon: Shares stuck lower as Japan casts shadow

London's blue chips have turned lower again following falls on Wall Street as traders continue to mull the possible effects of the Japanese earthquake. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggrek

Read more
14 Mar 2011 12:21

London midday: Blue chips turn lower on volatile day

London's blue chips have turned lower again as investors await the US markets' reaction to Japan's devastating earthquake. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggreko, which may find its service

Read more
14 Mar 2011 08:47

London open: Aggreko in demand in wake of earthquake

Mining stocks are shoring up the Footsie but the blue-chip index is still in the red, despite the price of oil ebbing. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggreko, which may find its services c

Read more
14 Mar 2011 07:35

London pre-open: Weaker trend continues

London looks set to start the week slightly lower, with attention focused on the other side of the world and the events following the earthquake in Japan. City traders expect the Footsie to open around 20 points lower than its Friday close of 5,829. Housebuilder Bovis Homes didn't disappoint with

Read more
14 Mar 2011 07:20

JJB to raise around £65m from placing

Troubled sportswear retailer JJB Sports has responded to press speculation about its fund raising plans, and said the company expects its impending share placing will raise around £65m. The company added it is in "constructive discussions" with its major shareholders in relation to their continued

Read more
11 Mar 2011 16:41

London close: Japan gloom stifles rally

The devastating earthquake in Japan this morning overshadowed today's trading but shares struggled to climb into the blue and finished just a few points short. The tsunami resulting from the earthquake has already killed a large number of people in Japan, with police in the port of Sendai reporting

Read more
11 Mar 2011 11:35

JD Sports walks away from JJB

Trendy sportswear retailer JD Sports Fashion has decided not to make an offer for its struggling rival JJB Sports. JD said it had asked JJB for details of a proposed restructuring of JJB's property portfolio through a company voluntary arrangement, but that it "received no further information whats

Read more
9 Mar 2011 08:16

Sports Direct gets SFO out of its hair

A legal cloud hanging over the Mike Ashley-controlled sportswear retailer Sports Direct has been lifted, as the Serious Fraud Office (SFO) has closed its investigation into individuals involved in the acquisition by the company of 31 stores from rival JJB Sports in 2009. The SFO completed its inve

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.