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JJBTue, 18th Sep 2012 14:47
Footsie is tip-toeing higher in early trade, with tech stocks, oils and banks leading the way. Oilfield services firms Petrofac and Schlumberger are to combine forces on a number of production projects in the emerging and growing production services and production enhancement market. The companies
Read moreBeleaguered sports retailer JJB Sports said overall trading improved in the second half of the year with like for like sales over the key four week Christmas period up 5%, in line with company expectations. Margins also recovered in the last four weeks, with like for like cash gross margins up by 6
Read moreBanking giant Barclays is a rare bright spot in London after a better than expected third quarter update, as stocks head lower. Miners Vedanta Resources, BHP Billiton, Xstrata and Rio Tinto are the biggest fallers among the top-share index constituents, as metal prices head south. Barclays said it
Read moreHalf year losses widened at sports retailer JJB Sports and revenue plunged nearly 23% as UK retail conditions deteriorated towards the end of its second quarter. The beleaguered retailer warned that full year expectations were likely to fall short of company expectations. Loss before taxation wid
Read moreStocks were posting meaty gains heading into the weekend after four Eurozone countries banned short-selling banking stocks and strong retail sales in the US. France, Italy, Spain and Belgium have banned short-selling of financial stocks in an attempt to prevent further slides in banking stocks' sha
Read moreLondon's leading share index is posting strong gains now, in line with mainland European bourses following the short selling ban. France, Italy, Spain and Belgium have banned short-selling of financial stocks in an attempt to prevent further slides in banking stocks' share prices. Barclays and oth
Read moreShares picked up after a steep decline in the opening minutes, but the FTSE 100 was still trading 0.7% down by 08.39am, as London looks set to experience another day of volatile trade. Oil-related stocks were on the fall in early trade as the price of Brent Crude fell 0.85% to $107.10 per barrel a
Read moreShares in sports retailers Sports Direct International and JJB Sports jumped on Friday following the initial decision by the Office of Fair Trading (OFT) to drop its investigation into the sector. The UK consumer and competition authority announced on Thursday that it has "provisionally decided to
Read moreTroubled retailer JJB Sports extended its losses in 2010 and said turning the company around would take up to five years. The firm made a pre-tax loss of £181.4m on revenues of £362.9m in the 52 weeks to the end of January 2011. This was more than double the £68.6m loss that JJB posted in the prev
Read moreCash-strapped sportswear retailer JJB got a surprisingly strong response to the open offer aspect of its recent share issue, given that the shares were offered at a substantial premium to the prevailing market price. The company said it received valid acceptances in respect of 17.23% of the shares
Read moreDetails of the long awaited share placing by cash-strapped sportswear retailer JJB Sports have been released, resulting in a much needed boost to the share price. The company is proposing to raise £65m (gross) and £60m (net) through a placing and open offer of 162.5m shares at 40p each, a significa
Read moreA confident start was derailed by worse than expected inflation figures and a rally in the final hour of trading only brought out profit takers right at the death, leaving Footsie in the red. UK annual inflation rose faster than predicted in February, as surging utility bills drove up living costs.
Read moreFootsie lost more ground over the lunch time session as Wall Street opened mixed, failing to carry on the strong advance seen yesterday. GKN is lower on speculation of a bid for French peer Latecoere. The French aerospace firm, which provides doors for Boeing and Airbus, is looking for a buyer, acc
Read moreInvestors who piled into the shares of troubled sportswear retailer JJB Sports ahead of the vote on the company's proposed restructuring called the outcome correctly, as creditors backed the company's plans. JJB said the CVA (Company Voluntary Arrangement) proposal was approved without modification
Read moreDisappointing inflation data seems to have put paid to Footsie's attempts to continue its recent revival. The inflation rate, as measured by the consumer prices index, rose to 4.4% in February from 4.0% in January. The rate topped market expectations of a figure of 4.2% and will pile on the pressur
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