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JJBMon, 24th Sep 2012 12:15
Keith Jones, the Chief Executive Officer (CEO) of ailing sportswear retailer JJB Sports, is to step down from the board with immediate effect, but will hang around until to the end of August to ensure an orderly handover to his successor. Unfortunately, JJB does not have a successor yet but the com
Read more- Corporate earnings lift sentiment - UK June retail sales meet forecasts as prices drop - Kingfisher falls after rain dampens sales European stock markets were firmly in the blue on Thursday morning on the back a barrage of upbeat quarterly earnings reports from blue chips across the globe. "A co
Read moreStruggling sportswear retailer JJB Sports is having to slow down its refurbishment programme as poor sales mean the group will need an injection of cash from its backers earlier than planned. The group said it is in discussions with its strategic partners to accelerate the timing of additional fund
Read more- Kingfisher leads fallers on the Footsie - Upbeat European earnings lift sentiment - Fed says US expanding at 'modest to moderate' rate UK stocks edged higher in early trading on Thursday on the back of some upbeat earnings reports from heavyweight European stocks AkzoNobel, Sandvik and Novartis.
Read more- Chinese inflation data increases stimulus speculation - Eurogroup to meet this afternoon - Spanish yields on the up The FTSE 100 opened slightly lower on Monday morning on the back of economic data from Asia and ahead of a crucial Eurogroup meeting later today. "Overall for the start of the new
Read moreStruggling UK sportswear retailer JJB Sports warned that sales have fallen materially short of expectations since its last update in April as trading became increasingly tough. Group like-for-like sales fell by 8% for the 22 weeks ended 1 July 2012. JJB said trading deteriorated particularly duri
Read moreJJB Sports has been thrown a lifeline by US sporting goods retailer Dick's Sporting Goods, which has made a strategic investment in the struggling UK sportswear retailer. Dick's is to invest an initial £20m in JJB, in return for which it will receive new JJB shares at a cost of 10p per share and co
Read more"Spain has set off further alarm bells among bond investors and its crisis-hit eurozone neighbours by conceding that its debts will balloon this year to their highest level for two decades. The admission fanned fears that the recession-bound country will lose its battle to stay on top of its debts w
Read moreLondon's leading shares drifted lower, with little to encourage buyers into the market ahead of the release this evening of the minutes from the March 13th meeting of the Federal Open Market Committee, the US Federal Reserve's policy-making committee. Sky grounded after Murdoch resignation Britis
Read moreStruggling sportswear retail JJB Sports was back in the news again on Tuesday as it responded to rumours regarding a potential offer for the company. Shares shot up in the first three hours of trading to around 15p, up 4.75p from Monday night's close, forcing JJB to release a statement to the stoc
Read more- Miners jump as investors seek riskier assets. - Officials optimistic about securing Greek bailout. - PBoC cuts RRR for banks. With the possibility of a Greek bailout edging closer, and China moving to ease fears of a 'hard-landing' over the weekend, UK stocks had extended gains by lunchtime, wit
Read more- Decision day for Greece, hopes of a bailout approval boost stocks. - PBoC cuts RRR for banks. - Miners, oil stocks perform well early on. Just a handful of stocks were in the red in early trading on Monday, as market sentiment was lifted by hopes that Greece can secure its next tranche of aid. Me
Read moreHigh street sports retailer JJB Sports has seen like-for-like (LFL) sales slump during January with total second half LFL sales falling by 7.6% despite strong trading over Christmas. LFL sales for the five weeks ended January 29th 2012 fell by 5.7%, compared with the 5% growth in the four weeks to
Read moreLondon finished lower for the second day in succession, despite some reasonable economic data relating to the all-important UK service economy. The Markit/CIPS service sector purchasing managers´ index for the month of December came in at 54.0 points, versus the 52.1 reading for the previous month.
Read moreFootsie has turned south after a firm start, with inter-dealer broker ICAP leading the retreat after a trading update from sector peer Tullett Prebon in which it disclosed a chunky exceptional charge for restructuring. Tullett Prebon not entirely friendless Tullett Prebon expects revenue for 2011
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