‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
THE LONDON REPORT September 20, 2009 ALL eyes are on authorities on both sides of the Atlantic this week, with minutes of the Bank of England’s latest rates meeting and a decision on US interest rates from the Federal Reserve, ahead of the crucial G20 summit in Pittsburgh on Friday. Imperial Tobacco’s pre-close update on Tuesday is expected to be upbeat, [...]
HOW SUCCESSFUL IS SPORTS DIRECT’S STRATEGY IN COMPARISON WITH ITS CLOSEST COMPETITORS? September 9, 2009 JONATHAN PRITCHARD ORIEL SECURITIESSports Direct is benefiting from better demand on the high street for its wares but also making hay whilst its competition is struggling, and as we approach the World Cup next June we see sales growth accelerating further. Given the problems at JJB and the change of tack at JD Sports, Sports [...]
How Mr Wigan has put JJB and the City behind him to live the dream August 16, 2009 EVAN at 72 Wigan serial entrepreneur Dave Whelan still gives an impression of a man in a hurry. Whelan moves at a sprightly pace between tables in the director’s box at Wigan Athletic, the Premier League football club he owns, and his trim figure still hints at a man who played professional football for Blackburn, [...]
JD Sports tackles Canterbury August 4, 2009 Rugby shirt maker Canterbury has been sold to sportswear retailer JD Sports Fashion in a £6.5m deal, brokered by KPMG. JD sports has bought the key trading assets and global rights to the brand, which sponsors the London Wasps rugby union team.
Sports Direct axes dividend as profits fall July 16, 2009 SPORTS direct, the retail chain controlled by Mike Ashley, yesterday said it was scrapping its final dividend to slash debt after its profits collapsed. The sportswear retailer reported a 91 per cent nose-dive in pre-tax profits to £10.7m from £118.9m the year before. It was forced to write off £53.1m of shares held in rival [...]
Hot weather to prove thirsty work and give pubs a boost July 12, 2009 The City has good reason to focus on the pub this week, with numbers from JD Wetherspoon, Enterprise Inns and Mitchells & Butlers all likely to be high on the agenda. The recent hot weather should have provided some welcome business for the hard-hit pubcos. But investors will also look for firms to further defend [...]
JD Sports trading well but warns on margins June 8, 2009 Sportswear retailer JD Sports yesterday said it was bucking the high street gloom after sales growth improved in its latest trading period. The group said its underlying sales increased 1.7 per cent over the 17 weeks to 30 May, with growth in its sports fascias of 1.2 per cent and growth in its fashion fascias [...]
THE LONDON REPORT June 7, 2009 CORPORATE data due out this week could help to steer the market, particularly with regards to retailer and consumer stocks, while investors in Independent News & Media will be hoping for an update on the future of the ailing publisher at its annual meeting on Wednesday. Today’s 17-week trading statement from JD Sports Fashion is [...]
FTSE 100 stalls as traders nerves fail on banking sector May 28, 2009 RENEWED jitters over the health of the financial sector hit banks and offset gains by heavyweight oils yesterday, sending the FTSE 100 0.7 per cent, or 28.69 points, lower at 4,387.54. Banks were the worst performing large caps, with Barclays, HSBC, Standard Chartered, Lloyds Banking Group and Royal Bank of Scotland down 0.8 per cent [...]
JD crosses channel for Chausport May 20, 2009 Retailer JD Sports Fashion said yesterday it had bought the sports footwear retailer Chausport for €8m (£6m) in cash to enter the French market. JD said it has also acquired €2m of debt as part of the purchase of the 78-store group. “The JD board expects that the Chausport acquisition will be earnings enhancing in [...]