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Pin to quick picksJD Sports Share News (JD.)

Share Price Information for JD Sports (JD.)

London Stock Exchange
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Share Price: 125.50
Bid: 125.05
Ask: 125.15
Change: -2.65 (-2.07%)
Spread: 0.10 (0.08%)
Open: 127.80
High: 128.10
Low: 123.40
Prev. Close: 128.15
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Cyclical stocks lift UK equities off six-week lows; Wood Group rises

Tue, 22nd Aug 2023 17:13

Blue-chip FTSE 100 snaps seven-day losing streak

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Wood Group raises annual profit outlook, shares rise

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Precious metal miners lead gains

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FTSE 100 up 0.2%, FTSE 250 adds 0.7%

Aug 22 (Reuters) - Britain's blue-chip FTSE 100 index climbed off six-week lows on Tuesday, powered by gains in beaten-down cyclical sectors, while shares of John Wood Group advanced after the company raised its annual profit outlook.

The FTSE 100 was up 0.2% while the midcap FTSE 250 index gained 0.7%. Both indexes snapped seven-day losing streaks.

Precious metal miners jumped 2.8%, marking their best day since May 31, as the sector led gains.

Construction and materials, automobiles and parts and travel and leisure indexes also gained between 0.7% to 1.5% in the rally of cyclical sectors.

John Wood Group climbed 4.1% after the oilfield services and engineering firm raised its expectations for annual adjusted core profit.

"It is a relatively light data calendar this week, meaning that there are fewer risks to any rally for a few days, certainly until Friday when (U.S. Federal Reserve Chair Jerome) Powell is scheduled to speak at Jackson Hole," said Stuart Cole, chief macro economist at Equiti Capital.

"The market may simply be taking advantage of these calmer waters."

Meanwhile, shares of the defensive personal care and retail sectors slipped 0.4% and 0.8%, respectively, indicating investors' risk-on mood.

Industrial metal miners rose 1.8% as copper prices were buoyed by firm consumption data in China and more Chinese monetary support measures.

Investor focus will now shift to the Jackson Hole Symposium due later in the week, where major central bankers, including Powell, will share their views on the trajectory of global monetary policy.

Data on Tuesday showed sales growth at British supermarkets slowed in August due to a hit to demand from unseasonably wet weather. Shares of both Marks and Spencer and Sainsbury fell over 0.8%.

Britain's largest sportswear retailer JD Sports Fashion led declines on the FTSE 100 as the stock slumped 6.9% after a weak forecast from U.S. peer Dick's Sporting Goods' . (Reporting by Shreyashi Sanyal and Khushi Singh in Bengaluru; Editing by Eileen Soreng and Mark Potter)

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23 Apr 2024 08:48

TOP NEWS: JD Sports agrees to buy US peer Hibbett for USD1 billion

(Alliance News) - JD Sports Fashion PLC on Tuesday said it has signed a binding agreement to buy US sports fashion retailer Hibbett Inc for just over USD1 billion.

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23 Apr 2024 07:43

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23 Apr 2024 07:01

JD Sports buys US-based Hibbett for $1.08bn

(Sharecast News) - JD Sports Fashion on Tuesday said it was buying US sports fashion retailer Hibbett for $1.08bn (£878m).

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28 Mar 2024 17:37

London stocks round off March quarter with healthy gains

JD Sports climbs as pre-tax profit in line with guidance

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28 Mar 2024 17:25

STOXX 600 closes second-straight quarter with gains

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28 Mar 2024 16:08

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28 Mar 2024 11:55

LONDON MARKET MIDDAY: Stocks up as JD Sports surges, water firms down

(Alliance News) - Stock prices in London were up at midday on Thursday, shaking off some hawkish words from a US central banker and fresh number reiterating the UK entered a recession at the end of 2023.

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28 Mar 2024 09:13

TOP NEWS: JD Sports shares climb as backs annual profit outlook

(Alliance News) - JD Sports Fashion PLC on Thursday said it outperformed the sportswear market in its financial year and it backed profit guidance, handing its shares a boost after they were sold-off following a January outlook cut.

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28 Mar 2024 08:58

LONDON MARKET OPEN: FTSE 100 rises; JD Sports jumps as affirms outlook

(Alliance News) - The FTSE 100 in London opened up on Thursday on the final trading day of a holiday-shortened week, shaking off some hawkish words from a US central banker and some tepid UK economic data.

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