The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJJB.L Share News (JJB)

  • There is currently no data for JJB

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London afternoon: Shares stuck lower as Japan casts shadow

Mon, 14th Mar 2011 14:57

London's blue chips have turned lower again following falls on Wall Street as traders continue to mull the possible effects of the Japanese earthquake.Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggreko, which may find its services called upon extensively in the aftermath of the Japanese earthquake. But Burberry is lower. The luxury goods supplier has big exposure in Japan.Insurers are mixed. A second explosion occurred at Japan's Fukushima Dai-ichi nuclear plant on Monday following a blast on Saturday. The blast occurred at the plant's No. 3 reactor building, according to Tokyo Electric Power, the operator. The power company said the reactor's protective containment shell remained intact after the blast. An explosion similar in nature destroyed the plant's No.1 reactor on Saturday.London-based underwriter Chaucer says it does not expect any significant losses from the problems afflicting three nuclear plants shut down in the North-East of Japan, but cannot yet quantify its other exposure.The statement has prevented the company's share price from suffering the severe mark down that has affected fellow underwriters Catlin and Beazley. Elsewhere in the insurance sector Aviva and RSA Insurance are both off the pace. The dangers associated with nuclear power stations seems to have persuaded the market to reassess the merits of coal fired power stations, judging by the demand for shares in power station operator Drax Group. Housebuilder Bovis Homes didn't disappoint with full-year results towards the top end of forecasts, a first dividend since 2008, and an "encouraging" start to the current year. It made a pre-tax profit of £18.5m, up from £7.5m in 2009, driven by higher volumes, price increases and cost cutting. Revenue rose to £298.6m from £281.5m last time. Troubled sportswear retailer JJB Sports has responded to press speculation about its fund raising plans, and said the company expects its impending share placing will raise around £65m.Shares of care homes operator Southern Cross Healthcare sank over 60% after it walked away from offer talks and warned that it had seen a decline in its trading outlook since February 2011. The group also said its lenders are aware of an impending banking covenant breach but remain fully supportive of the actions which the company is taking to address its problems. GGG Resources, the miner quoted on London's AIM and the Australian stock exchange (ASX), is to make a takeover offer for ASX-listed mineral exploration outfit Auzex Resources, the company with which is shares ownership of the Bullabulling gold project. GGG is offering seven of its shares for every five Auzex shares held in a deal that values Auzex at about A$94.9m.Cash-strapped outsourced fire services provider AssetCo has rejected an "opportunistic" approach from a third party interested in taking over the company. The company announced it has entered into a short-term loan facility of £1.45m with its principle banker to meet certain critical payments that need to be made before it received the funds from its proposed £16m placing.Pennsylvania-focused coal miner Atlantic Coal has secured an option to buy a 158 acre anthracite mining property near to its existing assets in the state. "We have been actively looking to expand our portfolio in the Pennsylvanian Anthracite Field, where our Stockton mine is located, and we believe this asset, with the right investment, has the potential to add value going forward as it could significantly increase our coal resources," said Atlantic's managing director, Steve Best.Less than two weeks after accepting the role of non-executive chairman of surf wear brand Hot Tuna International, Melissa Sturgess has decided she is too busy to do the job. Oil company Aminex said its 1-for-6 open offer of 96.1m shares was oversubscribed by around 27%.Japan Leisure Hotels, which rents out rooms by the hour, says its biggest hotel has been left intact even though it is in Sendai, the city that was devastated by the earthquake. "The hotel building in Sendai has been left intact, although it did sustain damage which is currently being assessed," the company said.FTSE 100 - RisersAggreko (AGK) 1,511.00p +7.39%BG Group (BG.) 1,511.00p +3.49%Vedanta Resources (VED) 2,230.00p +1.64%Essar Energy (ESSR) 504.00p +1.55%Schroders (Non-Voting) (SDRC) 1,392.00p +1.46%Schroders (SDR) 1,774.00p +1.08%Serco Group (SRP) 581.00p +0.96%Intertek Group (ITRK) 1,931.00p +0.94%ARM Holdings (ARM) 527.00p +0.76%Cairn Energy (CNE) 432.50p +0.68%FTSE 100 - FallersBurberry Group (BRBY) 1,122.00p -4.43%Johnson Matthey (JMAT) 1,747.00p -3.11%Amec (AMEC) 1,123.00p -2.52%Aviva (AV.) 444.30p -2.12%Morrison (Wm) Supermarkets (MRW) 280.30p -1.99%Next (NXT) 1,865.00p -1.84%Resolution Ltd. (RSL) 279.10p -1.79%Standard Life (SL.) 219.20p -1.79%Inmarsat (ISAT) 580.50p -1.69%National Grid (NG.) 559.50p -1.67%FTSE 250 - RisersImagination Technologies Group (IMG) 460.00p +5.46%Pace (PIC) 173.10p +4.53%EnQuest (ENQ) 148.90p +4.13%CSR (CSR) 381.90p +3.61%Tullett Prebon (TLPR) 408.80p +3.55%Centamin Egypt Ltd. (CEY) 132.50p +3.52%Drax Group (DRX) 410.00p +3.46%Heritage Oil (HOIL) 330.40p +3.35%BTG (BGC) 224.20p +3.03%Bovis Homes Group (BVS) 442.60p +3.03%FTSE 250 - FallersSynergy Health (SYR) 795.50p -4.96%Brown (N.) Group (BWNG) 259.20p -4.14%Kenmare Resources (KMR) 37.47p -3.92%FirstGroup (FGP) 334.70p -3.66%Catlin Group Ltd. (CGL) 338.70p -3.17%Stagecoach Group (SGC) 202.20p -2.46%Aegis Group (AGS) 136.10p -2.44%Cable & Wireless Worldwide (CW.) 67.10p -2.40%Dixons Retail (DXNS) 16.76p -2.33%SVG Capital (SVI) 240.10p -2.32%
More News
8 Feb 2013 14:45

UPDATE 1-Former JJB boss Jones charged over misleading market

* David Jones charged at Leeds Magistrates Court * Case to go to Crown Court * Jones chaired JJB Sports Jan. 2009 to Jan. 2010 * Jones is former boss of clothing retailer Next LONDON, Feb 8 (Reuters) - David Jones, one of Britain's best-known retail bosses, has been charge

Read more
24 Sep 2012 12:15

London midday: Miners lead the fallers

Today's morning session has started the week off in much the same way as the weather has: gloomily. Investor sentiment has been knocked by renewed concerns over the single currency region following France and Germany's failure to agree a schedule for initiating shared oversight of the region's ban

Read more
24 Sep 2012 09:03

JJB Sports shares suspended

Shares in JJB Sports were suspended this morning as the firm headed towards administration. The retailer had been searching for a buyer after it failed to raise the funds it needed to attempt a turnaround of the business. The firm said it had received offers to acquire certain of or substantially

Read more
18 Sep 2012 16:50

London close: Late rally fizzles

A late rally which briefly looked like it might see Footsie venture into positive territory for the first time all day was nipped in the bud right at the death. Equities had a dull but fretful day, which started with concerns over China becoming involved in a trade war with the US and a military wa

Read more
18 Sep 2012 14:47

Irish eyeing JJB Sports

Ireland's biggests sports shop chain could be looking to expand over the Irish Sea through the acquisition of cash-strapped JJB Sports. Sky News reports that Stafford Group, a family-owned private company which owns the Lifestyle Sports chain in Ireland, is among those companies in the running to b

Read more
18 Sep 2012 12:06

London midday: Stocks pare losses after in-line macro data

Inflation data was in line with forecasts while the Spanish debt auction went as well as could be expected, prompting London equities to claw back some of the losses seen in early trading The Consumer Prices Index (CPI) measure of inflation dropped to 2.5% in August, down from 2.6% in July, helped

Read more
16 Sep 2012 17:21

Sunday newspaper round-up: Regulation, Sun King, BAE

A former chairman of the Federal Reserve has warned that regulation in the UK may have gone too far in its efforts to separate high-street banks from their high-risk investment arms. Paul Volcker claimed the UK's proposals to ringfence retail banks from their speculative trading divisions go even fu

Read more
30 Aug 2012 11:18

Broker tips: Kazakhmys, Antofagasta, Admiral...

Jefferies now prefers Antofagasta over copper peer Kazakhmys and has downgraded its rating for the latter from 'buy' to 'hold'. "Our preference this year for shares of Kazakhmys over shares of Antofagasta has been based entirely on relative valuations (Kaz is much cheaper). However, after reviewing

Read more
30 Aug 2012 09:46

Broker snap: Little value left in JJB, says Charles Stanley

Charles Stanley reckons that troubled sports retailer JJB Sports will likely follow in the path of High Street shop Blacks Leisure which went into administration and was sold earlier this year. The company put itself up for sale on Thursday after having failed to raise the funds needed to attempt a

Read more
30 Aug 2012 09:35

Thursday broker round-up

Admiral: Nomura keeps buy rating and 1,300p target. Antofagasta: Jefferies raises target from 1,050p to 1,200p, hold rating kept. APR Energy: Investec upgrades from hold to buy, target cut from 1,100p to 950p. Cape: Investec maintains buy recommendation and 300p target. Consort Medical: N+1 Brew

Read more
30 Aug 2012 07:47

JJB Sports on the block after funding talks fail

Struggling sportswear chain JJB Sports has put itself up for sale after it failed to raise the funds it needed to attempt a turnaround of the business. It warned investors that debt levels meant any purchase could still mean shares would become worthless. In July the company announced that a deter

Read more
15 Aug 2012 16:28

Dick's Sporting Goods scores own goal with JJB stake

JJB shares lost a fifth of their value on Wednesday after one of its biggest shareholders wrote off its investment in the struggling sports retails with an impairment charge. US-based Dick's Sporting Goods, which only made its £20m investment five months ago, blamed its decision on the company's o

Read more
6 Aug 2012 09:52

Invesco wants to avoid penalties in JJB saga

US fund manager Invesco is tired of waiting for a turnaround at JJB Sports and is preparing a move to protect its investment in the struggling sportswear retailer, the Sunday Times claims. The group has tabled a proposal to buy JJB Sport's outstanding debt from Lloyds Banking Group. The scheme, whi

Read more
5 Aug 2012 15:20

Sunday newspaper round-up: RBS, Tesco, HMV

One of Brazil's biggest banks is plotting a bid for the prized American business of Royal Bank of Scotland. Itau Unibanco is eyeing a move for Citizens, the Rhode Island-based retail bank built up through a series of acquisitions by Fred Goodwin, the former RBS chief executive. Citizens has more tha

Read more
30 Jul 2012 14:28

Lingerie specialist is interim CEO at JJB

JJB Sports, the struggling sportswear retailer which shucked off its Chief Executive Officer (CEO) Keith Jones last Friday, has announced retail veteran Beverley Williams as Jones's interim replacement. Williams, who has spent more than 25 years in senior executive positions in the retail trade, wi

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.