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JD Sports has said it is satisfied with the performance of a former Amazon director to its board, after shareholders voiced concerns about their “perceived” poor attendance.
JD Sports has not started the new year on the right foot. Nearly £2bn has been wiped off the firm’s market value after it posted an unusually weak Christmas performance. A warning from the ‘king of trainers’ that it would struggle to meet its ambitious £1bn profit target kicked the retailer’s share price down by 25 [...]
JD Sports has today downgraded its profit forecasts for the current financial year
FTSE 100 retailer JD Sports Fashion - 'The King or Trainers' - added seven per cent to top the FTSE 100 today.
The blue-chip FTSE 100 dropped 0.37 per cent to trade at 7,703.03 while the mid-cap FTSE 250m index fell 0.42 per cent to hit 18,632.97.
JD Sports said revenues grew 8.3 per cent to £4.7bn in the six months to the end of July, as the trainers champion continues to plough ahead with its athleisure expansion plans. The shoe and sportswear stores reported a 25.8 per cent growth in statutory profit before tax to £375m and operating profit grew 20.2 [...]
In a city that’s known for its fast-paced business world, iconic landmarks, and vibrant culture, a remarkable event is set to take place that will not only make history but also underline the spirit of community and philanthropy that thrives within the heart of London. On the 25th and 26th of September, the Central London [...]
Premier League football club Leicester City are to be fined £880,000 by the Competition and markets Authority (CMA) over collusion with JD Sports. The statement of objections issued by the CMA sets out provisional assessments of the case. The Premier League club and retail outlet admitted to breaking competition law over three seasons. The report [...]
JD Sports Fashion will open about 50 stores in the Middle East after agreeing its first ever franchise deal with Dubai-based GMG, as it kicks ahead with athleisure expansion plans. Britain’s biggest sportswear retailer said its entry into the region forms part of it strategy to expand into underpenetrated markets. The 10-year agreement will focus [...]
London’s FTSE 100 sprang higher today, aided by the pound clocking a dreadful day. The capital’s premier index jumped 0.52 per cent to 7,500.50 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, leapt 1.98 per cent to 18,412.81 points. Early advances in the City [...]
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