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Wednesday,22 June 2022 at 16:07

JD Sports has sought to draw a line under its recent dramas by reporting record profits more than double its pre-pandemic levels.
The sportswear retailer reported pre-tax profits had risen by 102 per cent during the year to the end of January.
JD Sports’ results had been delayed while auditors assessed the impact of its enforced sale of Footasylum by the competition regulator.
JD has more than 3,400 shops in 32 countries after completing a series of international acquisitions including US East Coast shoe retailer DTLR and Greece’s Cosmos Sport.

UK & European stocks closed lower, reversing gains made in the previous sessions as global volatility continues.

U.S. stocks turned positive, reversing losses seen shortly after the opening bell.

Oil prices tumbled amid a push by U.S. President Joe Biden to cut taxes on fuel to cut costs for drivers amid aggravated relations between the White House and the U.S. oil industry.

Gold rose as renewed fears of a recession bolstered bullion’s allure as a safe haven.

At the close
FTSE 100 7,089 (-0.88%)
FTSE 250 18,891 (-0.31%)
DAX 13,144 (-1.11%)
At 17:00
Dow Jones 30,564 +0.12%
S&P 500 3,772 +0.22%
NASDAQ 11,112 +0.39%
Fixed Income
UK 10-YR YIELD 2.501
Exchange Rates
GBP/USD 1.227
GBP/EUR 1.159
Gold $1,838 +0.30%
Brent $111.63 (-2.57%)
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

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