JJB in talks with potential strategic partners

Struggling sportswear retail JJB Sports was back in the news again on Tuesday as it responded to rumours regarding a potential offer for the company.

Struggling sportswear retail JJB Sports was back in the news again on Tuesday as it responded to rumours regarding a potential offer for the company.

Shares shot up in the first three hours of trading to around 15p, up 4.75p from Monday night's close, forcing JJB to release a statement to the stock market confirming that it has in recent weeks held discussions with its lending bank and a number of potential strategic partners and investors about raising additional financing for the company.

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