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JJBThu, 25th Mar 2010 16:14
* David Jones charged at Leeds Magistrates Court * Case to go to Crown Court * Jones chaired JJB Sports Jan. 2009 to Jan. 2010 * Jones is former boss of clothing retailer Next LONDON, Feb 8 (Reuters) - David Jones, one of Britain's best-known retail bosses, has been charge
Read moreToday's morning session has started the week off in much the same way as the weather has: gloomily. Investor sentiment has been knocked by renewed concerns over the single currency region following France and Germany's failure to agree a schedule for initiating shared oversight of the region's ban
Read moreShares in JJB Sports were suspended this morning as the firm headed towards administration. The retailer had been searching for a buyer after it failed to raise the funds it needed to attempt a turnaround of the business. The firm said it had received offers to acquire certain of or substantially
Read moreA late rally which briefly looked like it might see Footsie venture into positive territory for the first time all day was nipped in the bud right at the death. Equities had a dull but fretful day, which started with concerns over China becoming involved in a trade war with the US and a military wa
Read moreIreland'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 b
Read moreInflation data was in line with forecasts while the Spanish debt auction went as well as could be expected, prompting London equities to claw back some of the losses seen in early trading The Consumer Prices Index (CPI) measure of inflation dropped to 2.5% in August, down from 2.6% in July, helped
Read moreA former chairman of the Federal Reserve has warned that regulation in the UK may have gone too far in its efforts to separate high-street banks from their high-risk investment arms. Paul Volcker claimed the UK's proposals to ringfence retail banks from their speculative trading divisions go even fu
Read moreJefferies now prefers Antofagasta over copper peer Kazakhmys and has downgraded its rating for the latter from 'buy' to 'hold'. "Our preference this year for shares of Kazakhmys over shares of Antofagasta has been based entirely on relative valuations (Kaz is much cheaper). However, after reviewing
Read moreCharles Stanley reckons that troubled sports retailer JJB Sports will likely follow in the path of High Street shop Blacks Leisure which went into administration and was sold earlier this year. The company put itself up for sale on Thursday after having failed to raise the funds needed to attempt a
Read moreAdmiral: Nomura keeps buy rating and 1,300p target. Antofagasta: Jefferies raises target from 1,050p to 1,200p, hold rating kept. APR Energy: Investec upgrades from hold to buy, target cut from 1,100p to 950p. Cape: Investec maintains buy recommendation and 300p target. Consort Medical: N+1 Brew
Read moreStruggling sportswear chain JJB Sports has put itself up for sale after it failed to raise the funds it needed to attempt a turnaround of the business. It warned investors that debt levels meant any purchase could still mean shares would become worthless. In July the company announced that a deter
Read moreJJB shares lost a fifth of their value on Wednesday after one of its biggest shareholders wrote off its investment in the struggling sports retails with an impairment charge. US-based Dick's Sporting Goods, which only made its £20m investment five months ago, blamed its decision on the company's o
Read moreUS fund manager Invesco is tired of waiting for a turnaround at JJB Sports and is preparing a move to protect its investment in the struggling sportswear retailer, the Sunday Times claims. The group has tabled a proposal to buy JJB Sport's outstanding debt from Lloyds Banking Group. The scheme, whi
Read moreOne of Brazil's biggest banks is plotting a bid for the prized American business of Royal Bank of Scotland. Itau Unibanco is eyeing a move for Citizens, the Rhode Island-based retail bank built up through a series of acquisitions by Fred Goodwin, the former RBS chief executive. Citizens has more tha
Read moreJJB Sports, the struggling sportswear retailer which shucked off its Chief Executive Officer (CEO) Keith Jones last Friday, has announced retail veteran Beverley Williams as Jones's interim replacement. Williams, who has spent more than 25 years in senior executive positions in the retail trade, wi
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