Sports Direct share boost after SFO moves on

The Serious Fraud Office's attention was directed elsewhere this morning , but the nation's fraudbusters were also having an impact on the UK stock market in a different way. Mike Ashley's Sports Direct International put out a statement saying that the lingering SFO interest in individuals at the company had now come to an end. In October 2010 the Serious Fraud Office completed its investigation into Sports Direct and JJB Sports, bringing no charges against any company or companies within their corporate groups but continued the investigation in relation to individuals. We can confirm that no individuals connected to Sports Direct International plc are under investigation. Together with news on banking facilities, the good news lifted the shares more than 4%, or by 7.5p, to 188p.