JJB profits miss

SPORTSWEAR firm JJB emerged as one of the casualties of a tough retail Christmas after a price war took its toll on profits.

Despite a late surge in sales over the festive period, the Wigan-based firm said heavy discounting over previous weeks meant it would miss market expectations for annual profits.

The firm, which has suffered at the hands of rivals such as Sports World and started its sales in the week before Christmas, admitted it was "disappointed" with the showing. It was one of the first high street operators to issue a statement on the crucial festive trading season.

M&S's big test

THE resurgence of Marks & Spencer faces its biggest test yet this week when it reveals how it fared over Christmas.

Shares in the company have soared almost 50 per cent since September to more than £5 as it overturned two years of falling sales, sparking hopes of a recovery at the once mighty business under new boss Stuart Rose.

Tomorrow's trading statement could further fuel enthusiasm among investors with City analysts predicting that shoppers preferred to spend money at M&S - along with Next - than at many of its struggling rivals over the festive season.

No accident

PRESTIGE courtesy car specialist Accident Exchange Group has won several new contracts with dealerships.

The Coleshill, West Midlands firm is also in talks with vehicle manufacturers and more car dealership groups which could lead to future contracts.