Shares News

JD Sports stumbles as negative Nike news and currency headwinds weigh on sentiment featured picture

JD Sports stumbles as negative Nike news and currency headwinds weigh on sentiment

Despite dashing in with record first-half results which demonstrated demand for tracksuits and trainers remains robust, shares in JD Sports Fashion (JD.) cheapened 5.4% to 141.5p as investors fretted over poor news from its biggest brand partner Nike (NKE:NYSE) overnight. Currency headwinds from a stronger pound, expected to drag consensus estimates lower, also weighed on the stock. While Nike'...
Greggs third-quarter trading update fails to excite investors, shares fall 3% featured picture

Greggs third-quarter trading update fails to excite investors, shares fall 3%

Shares in Greggs (GRG) were down more than 3% to £30.07 as investors expressed mild dissatisfaction with the UK bakery chain's third-quarter trading update. Reporting a 10.6% rise in total sales for the 13 weeks to 28 September, and 12.7% year-to-date, the company expects its full year outcome to be in line with previous expectations, acknowledging ongoing economic uncertainty. Like-for-like s...
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