JD Sports Shares Crater After 'King of Trainers' Warns on Profit

FTSE 100 drifts as miners offset JD Sports tumble

The FTSE 100 index closed up just 4.81 points at 10,748.16.

UK's FTSE 100 flat as mining and oil gains counter broader ...

JD Sports shares crater after 'King of Trainers' warns on profit

JD Sports has slashed its profit target as the growth plan led by chief executive Régis Schultz loses steam, sending its share price into a tailspin. The sports and fashion retailer saw sales performance improve in the UK, but a slowdown in the US and intense discounting by rivals is dragging on the firm’s profit, it said on Thursday.  The FTSE 100 group downgraded its pre-tax profit target to between £700m and £800m, down from an upper limit of…

FTSE 100 holds firm as miners offset JD Sports slump

The FTSE 100 finished marginally higher on Thursday, as strength among oil producers and precious-metals miners offset a sharp sell-off in JD Sports following another profit warning. London’s blue-chip indexRead More...