Top UK Stocks to Watch: JD Sports to smash profit expectations
Joshua Warner January 11, 2021 9:29 AM
JD Sports continues to defy the downturn in the retail market, Smith & Nephew sales are hit as procedures are postponed, Entain’s CEO is poached, and easyJet secures a new loan to survive the coronavirus pandemic. Share:
JD Sports to beat profit expectations by over £100 million
Leisure and sportswear retailer JD Sports said it expects to beat expectations in the current financial year as it continues to defy the wider downturn in the retail market.
Despite having to open and shut stores in line with changing lockdown restrictions, JD said demand had remained robust throughout November and December and that revenue in the 22-weeks to January 2 was 5% ahead of the year before. It said customers had ‘readily switched between phys
EasyJet strengthens balance sheet with $1 87bn loan facility ifamagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifamagazine.com Daily Mail and Mail on Sunday newspapers.
The deal is underwritten by a syndicate of banks and is supported by a partial guarantee from UK Export Finance under its Export Development Guarantee scheme.