Jessops has once again dispelled press speculation that it may be about to go into administration by confirming that its quarterly rent payments will be met this week.

Speaking at the firm’s AGM, held today, Jessops chairman David Adams said: ‘Jessops continues to have good relationships with suppliers and landlords and discussions with HSBC are ongoing.’

He added: ‘Jessops does not normally comment on press speculation but confirms that its rental commitments, due this week, will be met.’

Jessops’ share price soared on the news.