London 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
Read moreJD Sports Fashion sees annual profit at lower end of forecasts
10th Jan 2013 08:08
Sportswear and outdoor clothing and equipment retailer JD Sports Fashion said it expects full year pre-tax profit to be towards the lower end of current market expectations after losses at its outdoor business. Market expectations for headline profit before tax and exceptional items is currently £
Read moreLondon close: Footsie rallies in afternoon trade
21st Nov 2012 16:30
- Greek aid agreement expected next week - Trading expected to be light tomorrow - Johnson Matthey tumbles six per cent after gloomy outlook The FTSE 100 opened on the back foot on Wednesday morning after the initial disappointment regarding a delay in funds to Greece; however comments by Eurozone
Read moreFTSE 250 movers: JD Sports rises on sales growth
21st Nov 2012 15:47
Sports apparel group JD Sports Fashion was higher after seeing like-for-like sales growth pick up slightly in the third quarter despite seeing what it labelled as a "tough" environment. Lonmin shares took a hit as disturbing video footage of August's tragedies at the Marikana mines was reviewed by
Read moreLondon midday: Stocks pare losses but market cautious
21st Nov 2012 11:54
- Eurogroup delays Greek aid - MPC minutes show 8-to-1 vote in favour of maintaining QE - Johnson Matthey and Compass lower after results UK stocks had trimmed losses by Wednesday lunchtime but was trading within a narrow range as investors remain cautious following an inconclusive meeting of Euroz
Read moreLondon open: Stocks fall as Greek aid delayed
21st Nov 2012 08:36
London's benchmark FTSE 100 index dropped into the red in early trading on Wednesday morning after Eurozone finance ministers delayed a decision on the next tranche of the Greek bailout. Matthew Nelson, a financial sales trader from Spreadex, said this morning: "The poor sentiment has not been aide
Read moreJD Sports sees pick-up in LFL sales growth
21st Nov 2012 07:30
Sports apparel retailer JD Sports Fashion saw like-for-like sales growth pick up slightly in the third quarter despite seeing what it labelled as a 'tough' environment. Like-for-like (LFL) sales in the core UK Sports and Fashion Fascias in the 16 weeks to November 17th grew by 1.5%, up from the 1.1
Read more