FTSE 250 movers: JD sports climbs on expansion plans
16th Apr 2014 14:19
JD Sports was a strong riser on Wednesday following reports the company is planning to expand overseas amid its recent chain of acquisitions. Its Chief Executive, Barry Brown, was quoted by Retail Week as saying: 'The opportunity is big especially in France and Germany. There are lots of markets we'
Read moreJD Sports Fashion posts rise in annual profits
15th Apr 2014 07:44
JD Sports Fashion posted a five per cent rise in annual pre-tax profit to 57.8m pounds as sales in the core Sports fascias delivered record results in the UK and Ireland. Revenue increased 5.7% to £1.3bn in the year to February 1st 2014, as like-for-like retail sales in the UK and Ireland rose 6.5
Read moreFTSE 250 movers: Kazakhmys soars on currency valuation change
11th Feb 2014 15:47
Kazakhstan-focused copper miner Kazakhmys surged after Kazakhstan's central bank devalued the local currency, the tenge, by 19 per cent. This, analysts at Investec said, will lead to a 10 per cent reduction in costs for Kazakhmys, given that around half of its costs are tenge-denominated. However, t
Read moreFTSE 250 movers: Miners provide a lift, retailers fall
7th Feb 2014 13:55
Mining stocks were among the best performers on the FTSE 250 on Friday as metal prices more or less rose across the board. Kenmare Resources, Vedanta Resources and EVRAZ were putting in decent gains. Copper prices, in particular, were up 0.5% at $3,245 a pound, heading for the biggest weekly gain (
Read moreSector movers: Retail stocks boosted strong sales at John Lewis
10th Jan 2014 15:35
General retail stocks were on shopping lists on Friday after strong results from High Street bellwether John Lewis and data showing a surge in online retail sales during December. According to the British Retail Consortium (BRC), overall retail sales rose at a year-on-year rate of 0.4% last month,
Read moreLondon open: Tullow leads gains ahead of US jobs report
10th Jan 2014 08:26
- Tullow rises on Statoil speculation - Broker rating changes move stocks early on - Taper in focus as US jobs report due this afternoon techMARK 2,785.01 +0.37% FTSE 100 6,725.63 +0.51% FTSE 250 16,016.63 +0.42% UK stocks gained strongly on Friday morning as investors prepared themselves for the
Read moreLondon pre-open: FTSE to move above 6,700 ahead of payroll numbers
10th Jan 2014 07:30
City sources predict the FTSE 100 will open 25 points higher than yesterday's close of 6,691.34 ahead of today's US non-farm payroll figure. The consensus of analysts expect the Bureau of Labor Statistics data to reveal a 195,000 increase in non-farm payrolls in December, down slightly from the 20
Read moreJD Sports Fashion enjoys strong Christmas trading
10th Jan 2014 07:06
JD Sports Fashion said it is on track to deliver annual profit in line with market expectations following a strong Christmas trading period. The UK retailer's like-for-like sales for the group's core Fascia stores in the 48 weeks to January 4th 2014 are "marginally ahead" of the previous year, acco
Read moreJD Sports relies on speedy sporting start to drag up group H1 numbers
18th Sep 2013 08:46
A record first half performance from its sports stores helped JD Sports Fashion compensate for weaker results from fashion and outdoor shops. Pre-tax profits more than doubled to £6.1m in the 26 weeks to August 3rd and more than tripled to £10m (excluding exceptional items). The restructuring cos
Read moreJD Sports trading in line, margins squeezed
19th Jun 2013 07:36
Sportswear and outdoor clothing and equipment retailer JD Sports Fashion said overall group performance is in line with market expectations. Trading at its main business, the core UK and Ireland Sports Fascias, remained robust, with like-for-like (LFL) sales for the 18 weeks ended June 8th rising 7
Read moreTuesday newspaper round-up: Sports Direct/JD Sports, Asda, Austerity...
23rd Apr 2013 06:45
According to The Independent, High Street rivals Sports Direct and JD Sports Fashion thought to be considering bids for Manchester-based Americana, the owner of the Bench clothing brand. Offers could come in at up to 100m pounds. The Telegraph says that supermarket giant Asda is to unveil plans to
Read moreSector movers: Retailers under the weather as snow hits sales in March
18th Apr 2013 15:11
Retail stocks were under pressure on Thursday as the recent terrible weather weighed heavily on retail sales figures, as evidenced by the fall in half-year profits at High Street giant Debenhams. UK retail sales volumes dropped by 0.7% in March, worse than the 0.6% decline forecast, as the snow pro
Read moreBlacks acquisition dents profits at JD Sports
17th Apr 2013 07:43
JD Sports Fashion, the High Street sports clothing and footwear chain, saw revenues surge by almost a fifth last year but the bottom line was hit by wider losses from Blacks Leisure which was acquired last year. Profit before tax and exceptional items fell by 20.4% from £75.96m to £60.47m in the ye
Read moreBroker tips: ENRC, JD Sports, ICAP
14th Jan 2013 11:07
Credit Suisse has raised its rating for Eurasian Natural Resources Corp (ENRC) from 'neutral' to 'outperform', saying that it foresees catalysts ahead for the mining company. The broker said on Monday morning: "Our cautious stance in H212 was due to concerns over earnings, balance sheet and M&A. W
Read moreBroker snap: JD Sports oversold, 'buy' says Seymour Pierce
14th Jan 2013 10:11
Seymour Pierce has reiterated its 'buy' recommendation and 1,000p target price for JD Sports, saying that while Blacks continues to struggle, shares are cheap. The broker said that the High Street sports apparel group's Christmas trading update was disappointing but not a surprise as the miss came
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