Latest news with #JD_Sports
Irish Times
10 hours ago
- Business
- Irish Times
Earnings and trade talks boost market
Markets surged on Friday on strong earnings news along with hopes of a deal in the US-China trade row and increased likelihood of an interest rate cut. Dublin The Irish market's leading stocks performed well on Friday. Insulation maker Kingspan climbed 2.4 per cent to €72.65. Food group Glanbia added 2.68 per cent to €13.04 while rival Kerry advanced 1.62 per cent to €94.20. READ MORE Ryanair dipped 0.9 per cent to close at €23.72. The banks also lured buyers. AIB added 2.15 per cent to €6.90 while peer Bank of Ireland rose 2.91 per cent to €12.03. Permanent TSB climbed 1.01 per cent to €1.995. London London's indeces climbed on Friday boosted driven by global optimism over earnings, trade policies and easy monetary policy. The blue chip FTSE 100 rose 0.7 per cent while the domestically oriented FTSE 250 jumped 1.1 per cent to close at its highest level since February 2022. Markets have rebounded in recent weeks due to easing concerns over the Middle East conflict, signs of US-China trade negotiations and potential for US interest rate cuts. JD Sports was among the top gainers on the blue-chip FTSE 100, advancing 7.6 per cent to 87.88 pence sterling after US rival Nike's upbeat earnings bolstered sportswear brands. Unilever shares rose 1 per cent to 4,432p after the Financial Times reported it was buying men's personal care brand Dr Squatch from private equity firm Summit Partners for $1.5 billion (€1.3 billion). On the flip side, the FTSE 350 precious metals and mining index dropped 4.4 per cent as gold prices tumbled following a ceasefire between Iran and Israel. Fresnillo fell 4.2 per cent to 1,433p while Endeavour Mining slid at the same rate to close at 2,176p. Hochschild Mining shed 2.6 per cent to 251.8p. Europe European stocks closed at an over one-week high on Friday, fuelled by a rally in automakers, as investors took more risks on hopes for a truce in the US-China trade spat. The pan-European STOXX 600 index closed 1.1 per cent higher, snapping a two-week losing streak and posting its first weekly gain in three. German stocks notched their strongest weekly rally in two months, while France and Spain's main indexes clocked their best weeks in over a month. European auto stocks and the luxury sector particularly sensitive to China-related headlines, jumped 4.1 per cent and 2.5 per cent respectively, steering sectoral advances. Porsche jumped 7.6 per cent after newspaper Handelsblatt reported that the carmaker was looking to sell its consulting and IT services business MHP, which could be worth more than €1 billion. The STOXX 600's energy sector suffered its first drop in weeks. The industry lost steam as oil prices plunged, after fears of a closure of the Strait of Hormuz – crucial to global supply – subsided following a 12-day conflict between Israel and Iran. US Wall Street pushed stocks toward fresh all-time highs after Friday's economic data eased concerns about the impacts of tariffs. Signs that the US economy shrank in the first three months of the year while people reined in spending sparked hopes that central bankers will cut interest rates again this year. Sportswear giant Nike was up 15.5 per cent at $72.17 (€61.68) shortly after 6pm Irish time after the group pledged to cut production for the US market in China. The company reported a year-on-year 12 per cent decline in revenue to $11.1 billion, but its 14 cent per share earnings beat market expectations, prompting investors to back the stock. The main Wall Street indexes – the S&P 500 and the Nasdaq – touched intraday record highs on Friday with technology stocks in the lead. Prices paid by consumers for goods and services rose 2.3 per cent overall in the US last month. Analysts argued that they showed little impact from tariffs on imports. The Fed, the US central bank, expects inflation to rise during the summer months, but if this does not materialise, it has indicated that it will cut interest rates.
Reuters
17 hours ago
- Business
- Reuters
UK stocks join global rally on optimism over trade, rate path
June 27 (Reuters) - The UK's stock indexes climbed on Friday, with the midcaps hovering at a 10-month high, driven by global optimism over earnings, trade policies and monetary policy path. The internationally focussed FTSE 100 (.FTSE), opens new tab rose 0.5% by 1031 GMT, while the domestically oriented FTSE 250 (.FTMC), opens new tab added 0.6% and was on track for its biggest weekly gain since mid-May. Markets have rebounded this week due to easing concerns over the Middle East conflict, signs of U.S.-China trade negotiations and potential for U.S. interest rate cuts. Asian shares rose to their highest in over three years and both the S&P 500 and Nasdaq closed near record highs. Investors will closely assess U.S. PCE data, the Federal Reserve's preferred gauge of inflation, later today for hints of the path of monetary policy. Also aiding sentiment, the United States reached an agreement with China on how to expedite rare earth shipments to the U.S., a White House official said, amid efforts to end a trade war between the world's biggest economies. Meanwhile, British Prime Minister Keir Starmer sharply scaled back planned welfare cuts to quell a damaging rebellion by lawmakers in his governing Labour Party. Starmer's reforms had sought to shave 5 billion pounds ($6.9 billion) per year off a rapidly rising welfare bill. The reforms are set to be put to a vote in parliament on July 1. JD Sports (JD.L), opens new tab was among the top gainers on the blue-chip FTSE 100, advancing 6.6% after U.S. peer Nike's upbeat earnings bolstered sportswear brands. Unilever (ULVR.L), opens new tab shares rose 0.9% after news that it was buying men's personal care brand Dr Squatch from private-equity firm Summit Partners for $1.5 billion (1.09 billion pounds). On the flipside, precious metals and mining index (.FTNMX551030), opens new tab dropped nearly 2% as safe-haven gold declined following a ceasefire between Iran and Israel. Fresnillo (FRES.L), opens new tab fell 2.6%, Endeavour Mining (EDV.L), opens new tab and Hochschild Mining (HOCM.L), opens new tab lost 1.8% each.
Telegraph
3 days ago
- Business
- Telegraph
M&S checkout operator hit by claims of fraud
A payments provider used by Marks & Spencer has become embroiled in a fraud scandal after it was accused of covering up fake transactions by some customers. Worldline, one of the world's largest payments groups, had its shares temporarily suspended on Wednesday after investors took fright at allegations it had processed some payments on behalf of scammers and had poor money-laundering controls. Shares in the French group plunged by nearly 40pc – knocking €300m (£256m) off its share price – because of the allegations, which claimed the business turned a blind-eye to a network of dubious customers. Worldline is one of the world's largest payments processors and moves payments around the financial system for UK high street giants including M&S, JD Sports and Aldi among others. There is no allegation that any of these Worldline customers knew or were involved in the claims or are accused of any wrongdoing. Risky strategy The Worldline claims were made by a consortium of 21 European newspapers, which alleged in its investigations that millions of euros worth of the French firm's revenues could be linked to 'high risk' customers. According to the allegations, the company is accused of ignoring red flags to take on clients from the 'internet's shady corners' as it took a risky strategy in its push to grow its revenues. In response, Worldline said it has strengthened its controls over the past two years, including terminating €130m worth of contracts with customers in breach of its compliance rules. 'Wherever the group identifies indications of non-compliant situations, additional checks are immediately undertaken, potentially leading to termination of the client relationship,' Worldline said. 'Worldline's Executive Management and Board of Directors are fully committed to strict compliance with regulation and risk prevention standards and to strictly enforce related rules and procedures with zero tolerance.' Worldline was accused of turning a 'blind eye' to some customers' dubious business practices, as it scrambled to boost its revenues by taking advantage of the higher rates paid by the shady clients, the investigation says. According to the claims, internal documents show Worldline processes hundreds of millions of euros worth of payments on behalf of such high-risk clients, including €50m in 2019 alone. Worldline had just two employees responsible for overseeing its money laundering processes, despite having hundreds of high-risk customers, the investigation added.
Entrepreneur
14-06-2025
- Business
- Entrepreneur
Entrepreneur UK's London 100: Slip
Industry: Fintech Slip was founded by Tash Grossman after a frustrating experience in a returns queue without a paper receipt. This moment sparked a mission to transform how retailers engage with customers. Founded in 2022, Slip turns paper receipts into smart online marketing tools, enhancing post-purchase experiences and bridging online and offline retail. With 70% of global commerce still in-store, Slip helps retailers unlock valuable, underused data. Retailers like JD Sports, ALDO, and Beyond Retro use Slip to drive loyalty, engagement, and measurable ROI, all while creating seamless experiences for their customers. As a business led by a young female founder in a largely male-dominated tech and retail space, Grossman is passionate about showing that you don't have to fit a mold to lead. She champions building businesses on her own terms and empowering more women to lead, launch, and own their space. "What keeps me up at night is knowing that retailers get how game-changing this is, and yet so many are still doing nothing about it. The paper receipt is literally lost customer data. It's a missed opportunity, every single time, to turn a transaction into something meaningful."
BBC News
12-06-2025
- Sport
- BBC News
Euro 2025: Wales fans angry they can't personalise women's shirt
Football fans have voiced their anger at being unable to have their names and numbers on the new Wales women away Evans, from Cardiff, said it "screams of the bias that often crops up in the women's game" that fans could not personalise the mint green Adidas shirt, which was released specifically for Euro 2025 in Football Association of Wales (FAW) unveiled the shirt after the team qualified for the first major tournament in their history. JD Sports said it was waiting for a delivery of the new print colour and would be able to offer the service to customers soon, adding that it offered personalisation on the women's home shirt. Fans can personalise the home shirt - which is shared by the men's team - but, while the men's away kit can have any name and number on it, this option is not available on the women's version, which is priced at £75. A member of the Wales squad, who wished to remain anonymous, told Telegraph Sport: "It's extremely disappointing that, as we prepare for the Euros, as we make history, we still can't get access to names on the back of our shirts." Ms Evans, 44, said: "I understand it's only to do with away shirts, but it's our first ever major tournament and it shouldn't be an issue and should be doable."I was at the first game in 2019 where the women played against Italy in their shirts [with their names on their back] for the first time. The players had been fighting for that for a long time."To come from there to now here, where we have qualified for the Euros and fans can't get their names on their shirt. It's a bit of a joke. We wouldn't be going through this for a men's shirt." Ian Johnson from Barry, Vale of Glamorgan, said the oversight was "the sort of sloppy mistake that major companies shouldn't still be making".The 46-year-old added: "Walking down any high street, you can see footballers' names on the back of the shirts being worn, so why would they not be set up in advance to do this for the Wales national team?"Hopefully Wales qualifying and playing at the Euros will inspire a new generation of footballers to follow players like Jess Fishlock and Angharad James - and their fans can wear their shirts proudly." Emma Walters, from Swansea, said it was "sexist", as it would not happen with the men's team. "I tell my daughter she is no different, so why can't we have the same opportunities? What is the reason? What is the reason behind it?"She added that her daughter Freya, who is a goalkeeper for her local team, was also unable to buy a goalie kit for either the men's or women's team, which she felt was "unfair". Phillip Buffery, from Caldicot, Monmouthshire, said it was "a kick in the teeth" that fans could not get the shirt personalised. He added that his nine-year-old daughter Amelia was also "devastated" that she could not get a goalkeeper kit. "She idolises Laura O'Sullivan and says she wants to be the next goalkeeper for Wales, and captain. To not be able to get the kit for her is really heartbreaking." The FAW said it was "in regular dialogue with Adidas and JD to find a resolution" ahead of the Euros, which kick off on 2 Wilkinson's side start their campaign on 5 July against the Netherlands before facing France four days later and England on 13 maker Adidas added: "We are always exploring ways to expand our options and better meet the needs of fans who want to show support for their teams." It is not the first time a national women's team have been dragged into a kit row around a major Earps, the former England goalkeeper criticised Nike for not making replica versions of her goalkeeper later said "limited quantities" would go on sale, which promptly sold out in a matter of minutes.
