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Footsie continued its upward trajectory over the lunchtime session, receiving a boost from the firm start on Wall Street. Tour operator Thomas Cook has moved to the top of the Footsie leaderboard after it echoed bullish comments from rival TUI about holiday bookings. The travel giant has reported
Read moreThe director of retail and product at JJB Sports, Colin Tranter, has announced his immediate retirement after less than a year at the sports retailer. Tranter, 63, mockingly referred to as one of 66-year-old former chairman David Jones's "Dad's Army", wants to spend more time with his wife and gran
Read moreAfter threatening to hit a new intra-day high the FTSE 100 index saw its advance checked in the final hour of trading as profit takers moved in ahead of the Federal Reserve's decision on interest rates later today. Airline British Airways made a late surge to the top of the Footsie leaderboard as i
Read moreThe Footsie stopped just short of dipping into negative territory over the lunchtime session before buyers moved back in just before 2pm. Banks and miners continue to provide many of the bright spots, with the latter benefitting from higher metal prices. In banking, Royal Bank of Scotland is want
Read moreThe FTSE 100 was clinging on to positive territory at the start of the lunchtime session after share prices went into a late morning swoon. Banks and miners continue to provide most of the bright spots, with the latter benefitting from higher metal prices. In banking, Royal Bank of Scotland is wa
Read moreFootsie opened higher on the back of a strong performance from US shares late yesterday and strong gains for Royal Bank of Scotland. RBS is mulling a buy back of at least £10bn (€11bn) of the bank's £28bn of debt at a premium to current prices according to the FT. It is one of the best performers t
Read moreThe Competition Commission has formally cleared Sports Direct's acquisition of 31 stores from JJB Sports. The Commission decided the acquisition will not lead to a substantial lessening of competition, a ruling that confirms the last month's provisional findings. "We do not believe there will be h
Read moreSir David Jones is to step down as chairman of sportswear retailer JJB Sports for health reasons. Jones, who was diagnosed with Parkinson's in 1982, will step down from the role on January 31, but will remain a non-executive director. Senior independent director John Clare will be acting chairman
Read moreSainsbury's is helping lift the food retail sector higher after saying today a record Christmas performance completed a strong third quarter in which like-for-like sales, excluding fuel, rose by 3.7%. Like-for-like sales, including fuel, rose by 3.8% in the 13 weeks to 2 January, while like-for-lik
Read moreRetailers are on the back foot after Next kicked off the stream of Christmas trading updates by increasing full-year profit forecasts but saying it was cautious on prospects for 2010. Next's fellow clothing retailer Marks & Spencer, which is due to update tomorrow, is another faller. Other notable
Read moreJJB Sports is leading the retail sector lower. The sportswear and equipment retailer reported a 29% decline in underlying sales and remains cautious about Christmas and New Year trading. However, it's not all bad news on the retail front. Car dealer Inchcape is higher after saying it expects 2009's
Read moreSportswear retailer JJB Sports reported a 29% decline in underlying sales and remains cautious about Christmas and New Year trading. The group, which recently appointed DSG International's group retail director Keith Jones as its chief executive, said it expects that trading within the current envi
Read moreSportswear retailer JJB Sports has appointed DSG International's group retail director Keith Jones as its new chief executive. He should start by 1 March 2010. Keith Jones, who has been appointed following a 10 month search for a replacement for Chris Ronnie, has also worked at Virgin and B&Q. For
Read moreOne of JJB's largest shareholders, Crystal Amber Fund, has effectively halved its stake in the struggling sportswear retailer. Ahead of a placing that will raise £100m, Crystal sold 22m shares at 32.6p, compared to a price of 22.43p per share when they were acquired between April and June. The pro
Read moreA poor performance from US shares dragged Footsie into the red and the leading index finished the day with substantial losses. Retailers were out of sorts despite some moderately optimistic news from the British Retail Consortium (BRC) concerning retail sales. The BRC said annual retail sales growt
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