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.

Second profits warning issued by JJB Sports

JJB SPORTS, the sports retailer, issued its second profits warning in three months yesterday when it said last year's pounds 290m acquisition of rival Sports Division had caused disruptions on deliveries.

Rugby League: McRae aims to steal his old side's thunder

Dave Hadfield says Gateshead's coach is back on familiar turf

Investment: JJB runs into trouble after acquiring rival

Sports retailer disappoints with warning on full-year profits

Gloom on the high street

THE CITY is bracing itself for a patchy and mostly disappointing set of retail statistics this week that will show flat high-street spending in the run-up to Christmas.

Market Report: Banking sector buzzes with takeover talk

BARCLAYS yesterday shook the market out of its Friday torpor and spiced up an otherwise dull day. The big news broke before the start of trading. As dealers walked in, looking forward to squaring their books and disappearing into one of the City's watering holes, they were rattled by the shock departure of the bank's chief executive Martin Taylor.

Football: City's Maine Road to nowhere

Football: Another season of slumming among the League's lower orders already faces Royle's retinue

Sales collapse at JJB Sports

SHARES IN JJB Sports slumped by 27 per cent to a 12-month low yesterday after the UK's largest sports retailer revealed that a shortage of products led to a collapse in sales at recently-acquired Sports Division.

Market collapse hits new issues

News Analysis: Flotations this quarter have been at their lowest level in over a decade

Bear market undermines deals

BEAR MARKET pressures are threatening to undermine a string of deals and fund-raising exercises as share prices continue to slide in the wake of the Russian crisis and Asian fallout.

Market Report: Shares suffer another day of global hysteria

EQUITIES WERE battered and bruised in another roller-coaster session. Footsie ended 119.1 points down at 5,249.4.

Market Report: Footsie sold off into ragged retreat

FOOTSIE SCORED a near-double (negative) century, with most overseas stock markets running for cover as the Russian bear seemed to grow even more angry.

Intersport to unite image

INTERSPORT, the group of 400 independent sports retailers, is planning a major shake-up of its operations to fight back against the major chains, such as JJB Sports and the supermarkets.

No Cup fever for JD Sports

Investment Column

Market Report; Biotech falls further as fears grow

BRITISH BIOTECH slumped 8.5p to 39.5p, lowest for nearly three years as fears multiplied that more miserable tidings were due to be announced by the controversial drugs group.

Blacks Leisure in talks on Lillywhites stores

BLACKS Leisure, the fast-growing sports and outdoor retailer, yesterday confirmed that it was in talks with the Portuguese owners of Lillywhites, the famous chain of sports stores.
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