Sports retailer sheds quarter of its value as Reuters reports opposition to rescue plan

Reuters scooped all-comers on Feb 23 with news that the UKs largest mall owner Capital Shopping Centres plans to vote against JJB Sports proposed rescue plan, putting a big question mark over the struggling sportswear retailers future. The story was highlighted by analysts at Arden Partners, featured the next day in national newspapers and prompted a 26 percent, two-day plunge in its shares. Neither Bloomberg nor Dow Jones had reports until the following morning on a story where 6,300 jobs are at risk and the threat of Britains biggest retail failure since Woolworths hangs over the High Street.