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Sports Direct trading in line with expectations

Sports Direct, the sportswear retailer, said trading has remained in line with group expectations and is on track to achieve underlying EBITDA of at least £150m in its current financial year.

The board said that it was confident of reducing its net debt below £400m.

Last month Sports Direct said that since July trading had been ahead of expectations.

Sports Direct has been at the centre of growing controversy and is currently being investigated, along with rival JJB Sports, by the OFT and the Serious Fraud Office over a suspected sports retail cartel.

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