Stock Spotlight: JD Sports remains a comfortable fit despite £5m foul play fine

Share price down 5%

FTSE 100 high street retailer JD Sports may have a bright future, despite ever-growing threats to bricks and mortar shopping and a recent £5m fine for breaches of competition law.

Last week (14 February), the firm had a £4.7m charge levied against it and recently acquired-then-disposed-of Footasylum for sharing commercially sensitive information in a series of meetings, including one allegedly held in a car park in Bury. The meetings followed a two-year saga, beginning with JD Sports' £90m acquisition of Footasylum in March 2019, which was later found by the Competition and Markets Authority to possibly limit competition and was therefore ordered to be unwound - but not before a successful appeal and a second investigation. JD Sports executive chair Peter Cowgi...