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Relief rally for JD Sports as retailer sidesteps another warning, profits approach £1 billion featured picture

Relief rally for JD Sports as retailer sidesteps another warning, profits approach £1 billion

Retailer JD Sports Fashion has a spring in its step again, having damaged its hard-earned credibility with a surprise January profit warning pinned on a softer and more promotional Christmas trading season. Shares in the trainers, tracksuits and running tops seller rallied 7% to 129p in early dealings as JD Sports reassured the market it would meet recently downgraded full year 2024 earnings...
London makes afternoon recovery to close higher as investors poised for US inflation reading featured picture

London makes afternoon recovery to close higher as investors poised for US inflation reading

Stock prices in London closed slightly higher on Wednesday, as investors continue to tread water ahead of a key US inflation reading on Friday. Amongst individual stocks, DS Smith rose on the back of takeover talks with International Paper. Diploma climbed, as shareholders were pleased with its £236 million acquisition. The FTSE 100 index closed up 1.02 points at 7,931.98. The FTSE 250 ended...
FTSE underwhelms at lunchtime as heavyweights drift but US equities called higher featured picture

FTSE underwhelms at lunchtime as heavyweights drift but US equities called higher

Equities in London went into Wednesday afternoon in largely negative territory, though peers in Europe were in the green and equities in New York are called higher. Nonetheless, there was still some trepidation in the air ahead of a US inflation reading on Friday. Some of the FTSE 100's heavyweights weighed on the index. Shell and BP fell 1.3% and 1.5% as Brent prices fell. HSBC lost 1.7% afte...
S4 Capital shares nosedive amid challenging conditions, but analysts remain hopeful featured picture

S4 Capital shares nosedive amid challenging conditions, but analysts remain hopeful

Shares in S4 Capital were down nearly 12% to 39p in morning trading despite full year results from the digital media group meeting downgraded expectations. Headed up by former WPP boss Sir Martin Sorrell, S4 Capital reported a 2.1% fall in net revenue to £873.2 million for the year ending 31 December 2023 compared to £891.7 million in the same year ago period. Revenue fell 4.5% on a like-fo...
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