Sports Direct ditches Blacks bid

Sports Direct has decided not to proceed with an offer for Blacks Leisure.

Earlier this week Blacks Leisure, the struggling outdoor goods company, said it had received an expression of interest from Sports Direct International, amongst a number of others, "which may or may not lead to an offer being made."

Sports Direct said in a statement: "After careful consideration, notwithstanding that Sports Direct remains a committed and supportive shareholder of Blacks Leisure, Sports Direct has decided not to proceed with an offer for Blacks Leisure."