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Business briefs: Christopher Ronnie in court on fraud charges

THE former boss of sportswear retailer JJB Sports, Scots-born Christopher Ronnie, appeared in court yesterday charged over an alleged £1 million fraud.

Ronnie, chief executive of the company from August 2007 to March 2009, is charged with three fraud offences relating to failure to disclose interests in contracts entered into by JJB.

He is also charged with two money-laundering offences, and two offences of providing false information, the Serious Fraud Office said.

Ronnie, 50, who is originally from Glasgow, appeared in court alongside David Ball, 51, joint owner of JJB supplier Fashion & Sport. Ball is charged with three false information offences. Both men were released on unconditional bail.

The SFO said an inquiry into possible offences by other suspects was ongoing.

Taypack cuts losses on QV sale

POTATO grower Taypack narrowed its pre-tax losses last year after selling its packaging business to East Anglian peer QV, according to accounts filed at Companies House.

Perthshire-based Taypack posted a loss of £1.7 million for the year to 30 June, compared with a deficit of £4.1m in the previous 12 months. The company wrote off £1.3m of loans to its Taylors Regional Foods sister operation, having written off £1.9m of loans in 2010.

Turnover from continuing operations fell to £1.8m following the sale of its packaging arm in June 2010 for £2.2m.

At the time of the deal with QV, Taypack said the sale would free it up to concentrate on its crisps joint venture with ice-cream maker Mackie’s and Taylors Regional Foods, which is a wholesaler for farm shops.

 

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