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Drapers Share Monitor - Mixed results for sportswear sector

The sports and outdoor sector dominated this week, following results from JD Group and Blacks Leisure.

Sports Direct was again a big loser as shares fell 15.75p to 220.25p, compared with its float price of 300p. Talk that Mike Ashley could be wooing JD Group chief executive Barry Bown failed to make an impression, although JD shares rose 27p to a new year-high of 536p. The increase followed strong trading in April.

Shares in JJB Sports also neared their year high, up 17.25p to 298.75p.

Blacks Leisure fell 9.75p to 249p after it slashed its dividend and posted losses for the year (see page 7).

Ahead of trading updates next week, Next's share price rose 77p to 2417p, while French Connection was up 3p to 246p.

Shares at Marks & Spencer fell 16p to 730p after a laptop containing personal staff data was stolen, leaving some 26,000 staff at risk of identity fraud.

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