JJB may need to raise cash to pay HBOS
JJB, which has only just avoided administration thanks to a deal with landlords, may need to raise cash to pay off a £25m loan from HBOS at the end of September.
HBOS, the biggest British mortgage lender, said Tuesday that it would raise £4 billion from its shareholders to bolster capital depleted by asset write-downs and a deteriorating housing market.