Risers & Fallers: Euromoney, InterContinental Hotels, JD Sports, Thomas Cook, Tesco, TUI Travel
The bomb attacks in Jakarta have hit travel stocks hard.
Company
JD Sports Fashion PLC
LON:JD.
JD Sports Fashion plc has long been established as the leading UK specialist multiple retailer of fashionable branded and own brand sports and casual wear, principally through the growth of its main retail fascia, JD Sports. The JD Group now has well over 500 stores covering both sports and branded fashion but it all started when John David Sports was founded in 1981 with one shop in Bury. By 1983 the fledgling business was expanding into the Arndale Centre in Manchester and throughout the 1980s there were further openings, largely in the North and Midlands. The first London store was opened in Oxford Street in 1989 and by the time of JD’s stock market flotation in 1996 there were 56 stores. Maximum advantage was being taken from the growth in sales of international sports brands such as adidas, Nike, Reebok and Puma and the trend to wear sportswear more and more in everyday life rather than largely on sports fields. Additionally, JD had already developed its reputation as the most innovative visual merchandiser of sportswear with the best and most exclusive and stylish ranges.
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JD Sports ups profit target after 'exceptional' Christmas
The sportswear and trainer specialist saw like-for-like sales rise 10.6% in the five weeks to 2 January.
Thursday's agenda: Food deflation on Tesco and BoE minds
With food prices in decline, supermarkets are finding it hard to grow like-for-like sales, but it means the Bank of England is in no hurry to raise interest rates to combat inflation
Retail winners & losers: Sainsbury's, Dunelm, Ted Baker, Shoe Zone and Game Digital
Sainsbury dismayed City with lower same-store sales and lack of news on Home Retail
Week Ahead: Supermarket sweep
The twin perils of food deflation and the hard discounters continue to threaten the supermarkets, while the warmish weather has caught firms on the hop
Archive
Brokers: ASOS to top the retail tree over Christmas
ASOS, Boo and SuperGroup to have full stockings, while M&S, Halfords and SPorts Direct may be disappointed says Peel Hunt
Archive
Morrisons no longer a sell reckons HSBC
Companies covered: Morrisons, DS Smith, Sage Group, IHG, JD Sports, Rolls-Royce, Betfair and DekelOil
Investments and investor services
FTSE100 ends much lower after OPEC meeting
The FTSE100, which had been just slightly lower at lunch, eased further, ending the day at 6,228, a drop of 46 points
Market: Anglo rises despite likely divi cut
The UK’s main index lost around 8 points to 6,266
FTSE 100 drifts lower on Draghi, OPEC and jobs
FTSE 100 dipped 10 points to 6,264, with similar–sized falls in France and Germany
JD Sports Fashion raises guidance
Subject to the usual caveats about the critical Christmas trading period, the company expects full-year profits to be above the market consensus forecast
Thursday's agenda: ECB tipped to cut interest rates
Analysts expect the European Central Bank (ECB) to cut the eurozone's cost of borrowing
Week ahead: OPEC unlikely to offer much relief
Next week, the Organization of the Petroleum Exporting Countries (OPEC) will meet.
JD Sports' investment has paid off, says Investec
City firm Investec describes JD Sports' first half numbers as "very strong" as it kicked its price target on the stock up 140p to 1,040p.
Investments and investor services
Week Ahead: Merlin Entertainments, Kingfisher and the Fed to make headlines
The effects of the serious accident at Alton Towers in June could linger at Merlin for some time.
Investments and investor services
FTSE 100 lower despite ITV M&A rumours
The company couldn’t drag the FTSE 100 higher, which was down 7.5 points to 6,661.
JD Sport set to crush forecasts
The company said this year’s profit would come in 10% higher than the £110mln market forecasts.
Investments and investor services
Risers & Fallers including Equatorial Palm Oil, Tern, Anglesey Mining, Thomas Cook and more...
Equatorial Palm Oil did well while Anglesey Mining struggled...