FTSE 100 lower on worries over global economy August 29, 2012 The UK’s blue chip index opened lower this morning, with concerns over the health of the global economy and falling metal prices dragging shares down. Russian oil and gas company Ruspetro led the fallers, shedding 8.41 per cent in early trading as investors reacted negatively to news that it swung to a loss in the [...]
JD Sports sells rugby kit brand Canterbury to Pentland for £1 August 23, 2012 JD SPORTS, the sportswear retailer, has agreed to sell its Rugby brand Canterbury to its majority shareholder Pentland for £1, three years after the group bought it out of administration. Pentland, which owns brands including Beghaus and Speedos and holds a 58 per cent stake in JD Sports, will pay a token £1 for shares [...]
JJB Sports fails to score as Euro 2012 sales drag July 9, 2012 SPORTSWEAR RETAILER JJB blamed poor summer weather and disappointing sales of football shirts during the European Championship for a profit warning yesterday, which sent shares tumbling more than 24 per cent. The company warned “sales have fallen materially short of expectations”, after consumer demand for replica football kit during Euro 2012 “did not materialise to [...]
Consumers cool on buying replica kit July 9, 2012 YOU can buy plenty of all-weather gear from the JJB Sports website, but that didn’t help the retailer’s performance in May and June, which yesterday it partly put down to the dismal summer weather. With its shares falling off a cliff on the news, down almost 25 per cent over the day, markets clearly aren’t [...]
JD Sports sales rise but warns on Blacks loss June 13, 2012 JD sports, the sports fashion and trainers retailer, yesterday posted a sales rise of 1.2 per cent but warned its recent acquisition of Blacks Leisure could lose up to £15m this year. Sales of sports goods rose by 1.2 per cent in the 19 weeks to 9 June, the firm said, while fashion sales jumped [...]
JD Sports sees profits dented by Blacks deal April 12, 2012 JD SPORTS Fashion yesterday said full-year pre-tax profits were ahead of expectations despite suffering a loss of £2.2m from its newly acquired Blacks business. The retailer — which sells sporting goods from top brands like Nike and Adidas — said pre-tax profits fell 14 per cent to £67.4m from £78.6m a year earlier, largely as [...]
Oil giants dent FTSE April 12, 2012 The FTSE 100 was flat this morning as oil giants BP and Shell saw their stocks hit. Royal Dutch Shell reported that oil had been spotted in the water near one of its platforms in the Gulf of Mexico while BP faced a shareholder revolt today. Another significant drag on the market was the World [...]
The week ahead could offer signs of recovery April 9, 2012 THE Easter Bank Holiday may have shortened the week, but the market may not be short on volatility. Given the lack of major economic and corporate announcements, this week, volume could well be below average. However, traders would be unwise to take their eyes off the ball. It is usually at times like these that [...]
JD Sports sees small sales rise January 12, 2012 JD Sports Fashion said yesterday its acquisition of loss-making Blacks Leisure’s assets would lead to a small reduction in earnings but it expected its full year results to be within the current range of forecasts. The clothing and footwear firm said sales at shops in Britain and Ireland open more than a year increased by [...]
Sports Direct hits out at Blacks January 10, 2012 Sports Direct has hit out at suppliers to Blacks Leisure for its failure to acquire the retailer, which was bought by its rival JD Sports this week. The firm said the deal was “disappointing” given its own bid for Blacks Leisure in 2010 being marked as “wholly inadequate”.