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Activist fund rebuilds stake in UK's JJB Sports

LONDON, Nov 5 (Reuters) - Activist investor Crystal Amber has rebuilt much of its stake in British retailer JJB Sports after making a big profit on selling much of its previous holding last month.

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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.

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JD Sports Fashion sells its stake in JJB

LONDON (Reuters) - JD Sports Fashion has sold its 10 percent stake in JJB Sports for 16.3 million pounds ($26.6 million),unwinding part of a complex web of cross-shareholdings in the sports retail industry.

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What Not To Do When Applying For A Job…

A bungling thief was arrested for stealing from a sports shop minutes after applying for a job there. The sticky fingered teenager handed in his CV at JJB Sports Berryden Road, Aberdeen, but decided to help himself to two tracksuits on the way out. Staff at the store spotted him leaving will his ill-gotten goods and alerted [...]

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Ronnie lines up return to high street

The former chief executive of JJB Sports, who left the retailer in acrimonious circumstances, says he has been approached by two parties interested in taking him on in a senior role

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Christmas Winners And Losers

Some retailers are facing Christmas cheer, while others are looking at a New Year hangover.Heading towards the end of the year, a year which has been a traumatic one for many in the retail sector, which companies are looking forward to a happy holiday and which are facing their ?The LosersNameForecastSalesGrowthNet Debt/(Cash)£mMarketCap.£mNet Debt/Market CapJJB Sports ()-42%3020615%Pendragon...

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Blacks offers lenders deal to secure its future

Two other struggling retailers, JJB Sports and Focus DIY, have also used CVAs to safeguard their future this year. Liz Peace, chief executive of the British Property Federation, said: "While landlords will always want to be as flexible as possible and support their tenants where they can, this does not mean that they should be asked to bear a disproportionate share of the pain."

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A monopolies watchdog with nothing to chew

... will block the latter. That leaves just one live case on its books – Sports Direct’s merger with JJB Sports. If ITV’s £25m sale of Friends Reunited to the Beano’s publisher, DC Thomson , had not been referred by the Office of Fair Trading during the month, the commission could have taken an early Christmas. The commission’s website lists a dozen inquiries as being “current” but some actually...

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Blacks Leisure seeks to leave shops

However, for institutional landlords of a listed company, the process is even more painful. When the likelihood of a CVA increased for JJB Sports, the sports retailer, its share price soared. A CVA for Blacks, the outdoor-wear retailer, looks increasingly unlikely, but even the possibility has helped its shares to double from a year-low of 14p.