Shares in JD Sports Fashion (JD.) rallied 2.6% to 122p after the must-have trainers-to-tracksuits seller issued a positive trading update and delivered another profit upgrade in the face of a global shortfall in the supply of ‘certain key footwear styles’. The FTSE 100 retailer’s shares have fallen more than 40% year to date on worries about consumer spending and despite the latest ...

Both the pound and London's FTSE 100 stock index were in full retreat early Thursday, after official figures showed the UK economy grew by less than expected in the first quarter of the year and actually shrank in March. The FTSE 100 index was down 173.74 points, or 2.4%, at 7,173.92 early Thursday. The mid-cap FTSE 250 index was down 394.90 points, or 2.0%, at 19,252.25. The AIM All-Share ...

European markets on Wednesday recovered some ground lost earlier in the week, following news from across the Atlantic that US annual inflation had slowed in April, although not as much as anticipated. The FTSE 100 index closed up 105.44 points, or 1.4%, at 7,347.66. The FTSE 250 ended up 262.19 points, or 1.4%, at 19,647.15. The AIM All-Share closed up 8.65 points, or 0.9%, at 953.90. The ...

In a trading update for the quarter ended 30 April, building materials group Marshalls (MLSH) said its domestic end market experienced a sharp 8% fall in like-for-like sales. Management blamed the reduction on reduced installer capacity in March and April due to tough comparatives in 2021 when the country was in lockdown. Although the firm said it expected things to normalize over the rest ...

Stock prices were higher and the dollar slightly lower at midday in London on Wednesday, as market participants await a US inflation reading that could influence the monetary policy tightening path being followed by the Federal Reserve. ‘European shares followed the Asian bullish trend overnight, pushing benchmarks higher alongside Treasuries, as risk aversion eased overnight. Today's bullish ...

- Content costs remain a concern for investors - Recession impact on ads revenues also a worry - Analyst still sees ‘strategic value’ in production arm A reassuringly strong first quarter performance for advertising revenue at free-to-air broadcaster ITV (ITV) has helped stem losses in the share price but investors remain cautious. The company reported total external revenue was up ...

- Stock down more than 80% since IPO - Users and volumes plunge with no sign of let-up - Q1 $1.98 loss per share versus $0.05 earnings forecast So much for Coinbase (COIN:NASDAQ) being the stable way to play bitcoin and cryptocurrencies. Since its IPO (initial public offering) 15 months ago, the stock flopped badly, losing more than 80% and sending many speculative investors running for ...

- Fierce competition smashes profits - Talk of ‘new strategy’ fails to convince investors - Seeking long-term solution on capital structure and funding First quarter sales and earnings slumped at Dignity (DTY) as the funeral services provider was hurt by a drop in the number of deaths as well as the need to combat increased competition through price cuts. Shares in the Sutton ...

Foodservice firm Compass (CPG) dished up an impressive set of first half results and unveiled a big share buyback as business returned to pre-pandemic levels. Shares jumped almost 10% to £17.32 on the news, with analysts likely to increase their full year forecasts. GROWTH INTACT Underlying revenues for the six months to March were up 37.9% to £11.6 billion thanks to strong growth in ...

Wednesday is inflation day in markets, with readings from three of the world's biggest economies being watched for clues about future monetary policy. After reports of surging prices in China and Germany, the US is next, publishing the consumer price index for April at 1330 BST. In the meantime, stock prices were firm, with Compass cheering investors with the announcement of a restored ...