Sports retailers cleared of fraud

Sports Direct and JJB Sports have been cleared by a fraud probe, although investigations into unidentified individuals continues.

The Serious Fraud Office (SFO) had been investigating the sporting goods retailers over possible price fixing and fraud.

"No charges are to be brought against the companies or any companies within their corporate groups. The SFO's investigation into individuals continues," Sports Direct relayed in a statement, later echoed by JJB. Sports Direct, Britain's biggest sporting goods retailer, declined to identify the individuals being investigated.