STOCKS NEWS UK SMALL-JJB Sports down on profit warning

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11:08GMT 14Jan2009-JJB Sports down on profit warning

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Shares in JJB Sports (JJB.L) fall 16 percent to 11.5 pence after the struggling British sportswear retailer warns on its full-year profit as sales over the Christmas trading period slide.

"Sales progress over Christmas was broadly as expected but gross margins progress was not as good as hoped, hence JJB guides that it will make a loss of 5 million to 10 million pounds in 2009," say Altium analysts.