Sporting goods firm JD Sports has sold its remaining stake in rival retailer JJB Sports, it announced today.

JD said it had disposed of 65m ordinary shares in JJB at a price of 25 pence per share.

The company no longer holds any shares in JJB Sports, it told the London Stock Exchange.

Separately, JJB announced today (10 January) the appointment of Keith Jones as its new chief executive.