JD Sports’ share price climbs as it posts another set of record results as profits soar April 14, 2016 JD Sports Fashion is showing rival Sports Direct how to do it: sales and profit have soared to record highs in the full year, with pre-tax profits leaping 45 per cent. The figures Sales at the group rose 20 per cent to £1.8bn in the year to 31 January, while profit before tax jumped to [...]
Beyonce and Topshop are about to launch their new sportswear brand Ivy Park March 31, 2016 Global superstar Beyonce has partnered with one of the best-known British brands to launch a new sportswear range. The pop star has teamed up with Topshop to create Ivy Park, a collection of fitness clothing, which will launch in two weeks. The products will be available in the UK at Topshop, Selfridges, JD Sports and [...]
JD Sports appoints Pentland chairman Andy Rubin to its board as international expansion beckons February 12, 2016 NULL
JD Sports appoints Pentland chairman Andy Rubin to its board as international expansion beckons February 12, 2016 JD Sports Fashion has appointed Pentland Brands chairman Andy Rubin to its board as a non-executive director as the business looks to ramp up its international expansion. Rubin is also director of the Pentland Group – which owns brands including Boxfresh, Ellesse, Speedo and Hunter – has previously won accolades as one of the best companies to work for in the country [...]
The count is in: These are the retail winners and losers for Christmas 2015 (according to Hargreaves Lansdown) January 15, 2016 After a busy few days chock-full of Christmas retail results, we're finally beginning to get a sense of who the winners and losers of 2015's festive period might be. Yesterday, Tesco surprised investors with better-than-expected results, rounding off a solid performance among the UK's traditional supermarket sector – although Asda is still yet to report. Marks & [...]
JD Sports raises profit guidance by 10 per cent as Christmas sales soar January 14, 2016 JD Sports has increased its guidance on pre-tax profit, saying it could beat consensus by up to 10 per cent, after Christmas sales soared. Like-for-like store sales in the core sports fashion fascias were up 10.6 per cent in the five weeks to 2 January, JD said. As a result, it said headline profit before tax [...]
FTSE 100 closes down as Sports Direct struggles – London Report December 11, 2015 Gains for Glencore couldn’t keep the FTSE 100 up last night as both Sports Direct and Old Mutual fell hard. The index closed 0.63 per cent down at 6,088. Sports Direct slumped after Mike Ashley’s retailer posted poor first-half results and the company was criticised for staff conditions. Group revenue ticking up 0.1 per cent [...]
At the close: FTSE 100 index closes down on Sports Direct, Old Mutual December 10, 2015 The FTSE 100 index slid in Thursday's trading despite gains by Glencore as both Sports Direct and Old Mutual tumbled. The index closed 0.63 per cent down at 6,088 points. Sports Direct slumped after Mike Ashley's retailer posted underwhelming first half results and the company was criticised for staff working conditions. Group revenue ticking up 0.1 per cent to £1.43bn, [...]
Sports Direct share price falls as Mike Ashley’s retailer posts underwhelming first half results December 10, 2015 Sports Direct's share price fell this morning after reporting underwhelming first half figures. The figures The Mike Ashley-owned retailer had a solid six months to 25 October, with group revenue ticking up 0.1 per cent to £1.43bn, while underlying pre-tax profit rose 3.6 per cent to £166.4m and EBITDA rose 7.6 per cent to £218.5m. [...]
Best of the Brokers for 9 December 2015 December 9, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MORRISON SUPERMARKETS HSBC has upgraded Morrisons from “sell” to “hold” after a weak third-quarter trading statement from the supermarket last month caused shares to fall below HSBC’s target price of 150p. It has left its forecasts and target price unchanged. The broker said [...]