News

A chain of electrical stores under the Comet name is to be launched in a bid to fill the gap in the market left by the now-defunct retailer.

JJB and Sports Direct cleared in fraud probe but inquiry continues

The serious Fraud Office (SFO) has dropped its criminal inquiry into the sports equipment retailers Sports Direct and JJB Sports over alleged cartel activities, but the regulator has vowed to continue its investigation into individuals.

Business Diary: The blogger doth protest too much

There's nothing that winds up the digital crowd more than print folk having the nerve to encroach on their territory. The reaction of online media commentators to the news that Rupert Murdoch wants to launch an internet-only paper for devices such as the iPad was wonderfully predictable. "Murdoch, however, is nothing if not delusional," writes Paul Carr on Techcrunch. "This is the last gasp effort of a man who knows the end is nigh." Sounds like a man who feels threatened to us.

Wealthy Indian promises £300m after proposed Rovers buy-out

The Blackburn Rovers chairman, John Williams, says a number of parties have expressed interest in buying the club, with a company run by the wealthy Indian businessman Ahasan Ali Syed yesterday confirming a formal approach. Rovers will want definite proof of investment plans before they agree to any takeover.

Primark and JJB Sports defy jitters on high street

Two of the high street's biggest chains reported sharp jumps in sales yesterday, providing further evidence of resilient consumer spending.

GW's Cannabis-based drugs keep us in the race for stock gains

The Independent came up with a 'Special Situations' portfolio for its share tips for the year. James Moore looks at how they're doing six months in

Investment Column: Great results, but Man's not a buy just yet

Cable & Wireless; JJB Sports

JJB hopes to score with World Cup sales

Keith Jones, the new chief executive of JJB Sports, will provide his first insight into the retail chain's recovery strategy on Thursday, when it is expected to post a loss of nearly £70m for the year to January.

Sports Direct to block £20m rescue plan for Blacks Leisure

Ashley seizes back Blacks' stake to enable vote at EGM

Suits You chain cuts rents to avoid collapse

The group behind the Suits You menswear chain has become the latest retailer to unveil an insolvency procedure to slash its costs and stave off collapse.

Darts: The Power and the glory

Phil Taylor is set to make £2m this year after winning his 15th world title. Paul Newman on how he's taking darts to the big time

Crisis bites into KPMG's profits

The professional services firm KPMG saw its profits fall as the financial crisis threw the economy off course, though its restructuring practice swelled as struggling companies queued up for advice.

JJB hires new chief executive from Currys owner

JJB Sports took another major step along its road to recovery by hiring Keith Jones, the current retail director at Currys owner DSGi, as chief executive yesterday. The sports equipment retailer said Mr Jones, who has been at the electricals group for the past 10 years, will join no later than 1 March.

Market Report: Festive sales spirit cheers Debenhams

Retailers were in focus last night, with Debenhams gaining ground as analysts looked ahead to the key Christmas trading period.

JD sells stake in rival JJB

JD Sports Fashion today sold its entire 9.9 per cent stake in rival JJB Sports for £16.3m.

Ex-drugs tsar Hellawell named chairman of Sports Direct

Keith Hellawell, the former government drugs tsar who resigned over the declassification of cannabis, has been appointed non-executive chairman of Sports Direct, ending the sportswear group's two-and-a-half-year search for a new boss.

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Prices correct as of 15 May 2015
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