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Sports Direct trading in line with expectations

In a pre-close statement, Sports Direct said that sales were in line with expectations, but warned that trading conditions continued to be the hardest the group has ever faced.

However Sports Direct said that results would be broadly in line with the market's EBITDA expectations of £135 million.

Last week, Sports Direct splashed out £3.4m for a 4.7% stake in its struggling rival JJB Sports. The acquisition has fuelled speculation Sports Direct could make a possible bid for JJB Sports.

Sports Direct will announce its interim results for the 26 weeks to October 26 on December 17.

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