Ailing JJB Sports is to appoint administrators after calling time on its long-running battle to rescue the business.

Ailing retailer JJB Sports today confirmed it was holding talks after receiving offers from “a number” of potential suitors as it seeks to secure the future of the firm.

Fears for the future for JJB Sports were fuelled today as it emerged one of the frontrunners to buy the ailing retailer failed to submit a bid.

Fears over the future of JJB Sports intensified yesterday after the retailer said it had failed to secure the funds needed to overhaul its stores.

Fresh worries about the eurozone debt crisis and the UK economy meant London’s blue chip shares index struggled to make significant gains today.

UK retailer JJB Sports secured £30m (€36.17m) of additional funding today after striking a partnership with American retailer Dick's Sporting Goods.

Rising oil prices and optimism that Greece will be saved from a calamitous default helped drive London’s leading shares index closer to the 6000 mark today.

The survival hopes of ailing sportswear chain JJB Sports were lifted today despite another batch of negative trading figures.

Ailing retailer JJB Sports today said it had secured key support from its bank and major shareholders as it battles to stave off administration.

JD Sports Fashion has abandoned interest in a takeover of JJB Sports after claiming its ailing rival had snubbed its requests for information.

An improved outlook on the crisis in Libya and a raft of positive blue-chip updates saw the FTSE 100 Index break back through the 6000 barrier today.

The London market pushed ahead today as traders expected more positive employment figures from the US and seized on reports of a mooted peace deal for Libya.

Embattled retailer JJB Sports today announced plans to shut 45 stores and said another 50 were in danger of closure as it moves to shore up its finances.

British sportswear retailer JD Sports is in talks over a potential takeover of struggling rival JJB Sports in a move which would see the creation of one of the UK’s biggest high street chains.

Struggling retailer JJB Sports was today fined for failing to disclose it bought two smaller rivals for £16m (€18.5m) more than it told investors.

The majority of retailers in Britain predict a decline in business in 2011, a survey by a leading trade association showed today.

British sportswear retailer JJB today warned it was likely to violate the terms of a £25m (€29.6m) loan as trade at the embattled company continued to deteriorate.

The London market struggled to find direction today as sentiment was weighed down by fears over Ireland and caution on the outcome of the G20 summit in South Korea.

Royal Bank of Scotland slumped more than 4% today as investors reacted to fears about the bank's exposure to the financial crisis in Ireland.

Sportswear firms Sports Direct International and JJB Sports will not face charges following an investigation by the UK's Serious Fraud Office into allegations of cartel activity, it was disclosed today.

British sportswear retailer JJB Sports today shrugged off England’s early exit in the World Cup as it said sales had soared in recent weeks.

UK blue chip stocks rallied for a second session today after a fightback for financial firms and miners.

Embattled JJB Sports today said its stores were stocked and ready for World Cup fever in England, but annual results revealed the pain of a dire year that brought the group to its knees.

London’s blue chip share index pushed into positive territory today after the Bank of England held steady on its monetary policy and financial firms climbed.

Struggling sportswear firm JJB Sports was back on track with its £100m (€107m) rights issue today after shrugging off a smear campaign apparently aimed at derailing the fundraising plans.

Struggling retail chain JJB Sports was today finalising plans to raise £100m (€109m) from investors.

Downbeat housing market data from the US sent London stocks into reverse today in a nervous session for the FTSE 100 Index.

Sportswear retailer JJB reported half-year losses of £42.9m (€47.5m) today as the company battled for survival in the first half of the year.

JD Sports Fashion posted an 11% rise in profits today as it continued to show a clean pair of heels to troubled rivals in the sportswear sector.

British sportswear chain JJB Sports said today it had blown the whistle on alleged cartel activity in the UK sports retail market.

JJB Sports chairman David Jones is expected to face a public grilling from business rival Mike Ashley over a controversial £1.5m (€1.7m) loan at the group’s annual general meeting today.

Mike Ashley’s Sports Direct International today reported a 91% dive in profits after its “strategic stakes” in rival retailers were frozen.

UK sports retail chain JJB Sports insisted today its boss David Jones would repay a £1.5m (€1.74m) loan from the billionaire behind rival Sports Direct “as soon as possible” as it attempted to draw a line under the affair.

JJB Sports ruled out any quick fix to its trading problems today after revealing like-for-like store sales had slumped by more than a quarter.

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Shares in ailing British sportswear chain JJB Sports jumped today as the firm mapped out a new direction for the business after staving off collapse with the £83.5m (€89.9m) sale of its health clubs.

The survival hopes of JJB Sports were boosted today after founder Dave Whelan confirmed his purchase of the chain’s fitness clubs business.

Struggling sportswear chain JJB Sports today said it was on the brink of a life-saving deal to sell its health club division.

Ailing British retail group JJB Sports today said it had been given more time to secure the sale of its fitness clubs business.

Struggling retailer JJB Sports is mulling over a possible private equity-backed takeover bid for its health and fitness arm, it was reported today.

The FTSE 100 Index shed more than 2% today as markets reacted with initial disappointment to US economic rescue plans.

Miners left the FTSE 100 Index in negative territory today as traders awaited economic rescue plans from the US.

Sportswear chain JJB Sports today confirmed “a number” of potential bidders had expressed interest in its chain of fitness clubs.