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JJB Sports on Friday revealed it was in dispute with HBOS over its banking covenants, leading auditors to warn it might not continue as a going concern and triggering a 50 per cent fall in the retailer’s share price.
The seller of football shirts and sports equipment also reported a surprise first-half loss and passed on its interim dividend after poor trading but the news was overshadowed by concerns over its balance sheet.
The seller of football shirts and sports equipment also reported a surprise first-half loss and passed on its interim dividend after poor trading but the news was overshadowed by concerns over its balance sheet.