JJB announces £31.5m fundraising

JJB Sports storeJJB has struggled with weak sales and issued a profit warning in November

JJB Sports has announced plans to raise £31.5m from shareholders, three weeks after warning it was likely to breach the terms of a key banking agreement.

The retailer said it was raising funds from major shareholders including Crystal Amber and the Bill & Melinda Gates Foundation Trust.

It added that its lender, Bank of Scotland, had agreed to waive tests that had been due in January.

Sales in the six weeks to 19 December were down 15.7% on last year, JJB said.

Bad weather conditions had continued into the pre-Christmas period and had “significantly affected” sales, the company said.

JJB also announced that chairman John Clare would step down with immediate effect.

He will be replaced by Mike McTighe, a former Cable & Wireless executive.

On 2 December, the retailer, which struggled during the downturn, warned it was likely to breach “certain financial covenants” in a £25m loan facility provided by its bank after worse-than-expected sales in recent weeks.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Man charged with farmer’s murder

Victor StewartMr Stewart was found murdered at his house in Middletown in County Armagh

A 23-year-old man has been charged with murdering County Armagh dairy farmer Victor Stewart two years ago.

Mr Stewart was found beaten to death in his home in Middletown in October 2008.

The 23-year-old, who has also been charged with armed robbery, was detained by police in Bristol earlier this week before being brought to NI.

A 48-year-old man has been charged with conspiracy to pervert the course of justice. Both men will appear in court in Newry on Friday.

The 48-year-old has also been charged with withholding information.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Pakistan rebels mount border attacks

Map of Pakistan

At least three soldiers and 24 militants have been killed in a series of clashes in a tribal region of north-western Pakistan, officials have said.

The battles erupted after about 150 Taliban attacked five paramilitary Frontier Corps checkpoints in and around Baidnami in the Mohmand Agency, one official told the AFP news agency.

The Frontier Corps said at least 12 soldiers were also hurt in the clashes.

But the Taliban said they had killed 12 soldiers and captured a checkpoint.

Two Frontier Corps soldiers had also been captured, a spokesman said. The claim was denied by security officials, who said no-one was missing.

Mohmand is a transit point for insurgents seeking to enter Afghanistan, and a stronghold of the Taliban and al-Qaeda.

The Pakistani military has launched offensives there in recent months, but insurgent attacks have continued on a regular basis.

Earlier this month, a twin suicide bomb attack at a government compound Ghalanai left 43 people dead. Local officials had been meeting tribal elders to discuss forming an anti-Taliban militia at the time of the blasts.

In July, another twin suicide bombing attack, also targeting tribal elders, killed more than 100 people in the village of Yakaghund in Mohmand.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.