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Tag: UK:JD

  • U.K. stocks break three-day losing streak

    U.K. stocks break three-day losing streak

    U.K. stocks rose Thursday, as the FTSE 100 Index FTSE 100 Index closed up 0.19% at 7,483.58.

    Among FTSE 100 constituents, technical services company Intertek Group PLC Intertek Group PLC saw the largest increase Thursday, as shares climbed 3.42%.

    Shares of air freight firm International Distribution Services PLC International Distribution…

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  • Adidas and Puma shares rally after Nike results

    Adidas and Puma shares rally after Nike results

    Investors bid up Nike’s rivals Adidas and Puma in early European markets action, after their U.S. peer beat first-quarter earnings forecasts.

    Adidas shares
    ADS,
    +6.09%
    jumped 6%, and Puma stock
    PUM,
    +6.22%
    rose 5%, after Nike
    NKE,
    +0.23%
    reported better margins than forecast even though revenue met expectation.

    JD Sports Fashion
    JD,
    +5.04%
    shares also jumped 6% in London.

    Analysts at JPMorgan led by Olivia Townsend said the read-across to the European sporting goods sector was better-than-expected demand in North America, a solid performance in Europe, expansion in gross margins and ongoing improvements in inventory levels.

    The major European indexes also advanced on Friday, with the U.K. FTSE 100
    UK:UKX,
    German DAX
    DX:DAX
    and French CAC 40
    FR:PX1
    each sporting gains around 0.7%.

    U.S. stock futures
    ES00,
    +0.42%
    also edged higher ahead of the release of the PCE price index report later. The S&P 500
    SPX
    ended Thursday with a 0.6% rise.

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