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 [...]
JD Sports shares rise as King of Trainers hikes full-year profit guidance December 3, 2015 JD Sports have climbed by more than two per cent after the sportswear retailer revealed that full-year profits are likely to beat current City expectations. The so-called King of Trainers said the strong performance it enjoyed in the first half of the year, when it reported a 10 per cent rise in like-for-like sales, had continued [...]
Black Friday 2015 UK deals: Amazon, John Lewis, Tesco, Currys PC World, Ebay, Carphone Warehouse and Asos sales are here November 26, 2015 Retailers up and down the UK are offering massive savings as part of the Black Friday sales. This year Black Friday will happen on Friday 27th November. However, some retailers have already started their week of deals. Outlets including Amazon, Argos, Very, Ebay have been running hundreds if not thousands of deals throughout the week. Others like Tesco, John [...]
Best Black Friday 2015 UK deals on sportswear, gear and trainers from JD Sports, Sports Direct, SportsShoes.com, Decathlon, Pro:Direct and others November 26, 2015 The frenzied sales of Black Friday have become synonymous with crazed customers fighting over cut-price HD TVs amid shopping aisle stampedes – but it doesn't have to be so stressful. In fact, avoid going out altogether and instead of a new screen to give your eyes a good glazing, order some sportswear to get you off [...]
Where can I use Apple Pay in the UK? The A-Z of shops, restaurants and apps which will accept mobile payment with iPhone 6 and 6 Plus November 17, 2015 Apple launched its mobile payment service, Apple Pay, in the UK in its first mobile payment move beyond the US, capitalising on the boom in mobile and contactless payments among consumers. iPhone 6 and 6 Plus users can now pay with just the tap of a smartphone, or Apple Watch, across the high street and [...]
Black Friday 2015 UK date and deals: The best offers to expect on 27 November, plus who were the winners and losers from last year October 14, 2015 Black Friday is less than seven weeks away – it falls on 27 November this year – and already consumer sites are full of predictions for which deals we'll be falling over ourselves (and other people) to pick up in 2015. We spent £810m last year, with John Lewis celebrating its biggest sales week of [...]