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Footwear sales continue to hit JD Sports’ finances


By Dan McGrath

Shares in JD Sports dropped by over 14% as the sports retailer stated that its footwear division “remained soft given consumer pressures" in the second quarter.

The firm recorded a 3.1% decline in like-for-like (LFL) sales across the group in Q2, while H1 LFL sales fell by 2.8% year-on-year


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Trainline shares tumble 13% over CMA investigation on 'drip pricing'

The Competition and Markets Authority (CMA) has launched an investigation into Trainline over concerns that mandatory fees were not included in the upfront prices displayed to customers booking train and coach tickets through its website and app.

The investigations are part of a wider CMA clampdown on misleading pricing practices, including where mandatory charges are separated from the headline price, or added later in the buying process, known as drip pricing

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Ashtead Technology shares plunge on project delays and profit warning

Aberdeen-based subsea technology provider Ashtead Technology shares plunged more than 15% after the company warned that project delays would push 2026 revenue and profit below market expectations

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Pinewood Technologies agrees to £545m US private equity takeover

Pinewood Technologies has agreed to a takeover offer from a private equity vehicle administered by the US firm, Ridgeview, valued at £545m

Story 5

AB Dynamics acquires US test systems specialist

UK engineering technology firm AB Dynamics has acquired US-based eMpulse Test Systems for an initial £8.1m, with further earn-out payments linked to performance targets over the next three years

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Frasers increases stake in Hugo Boss

Frasers Group has announced that it has increased its stake in Hugo Boss to 47.89%, following the launch of a voluntary public takeover offer

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Titan Wealth agrees acquisition of LTS Tax

Titan Wealth has agreed to acquire Channel Islands-based tax advisory firm LTS Tax Limited for an undisclosed amount

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Standard Life to launch £2bn PRT partnership to target largest DB schemes

Standard Life is set to launch a new pension risk transfer (PRT) partnership backed by up to £2bn of initial capital, with the goal of expanding its reach into the largest and most complex defined benefit (DB) pension schemes

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Lloyds finds more than half of UK businesses say AI has created new jobs

More than half of UK businesses believe AI has created new jobs within their organisations, according to new research from Lloyds

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GDP grows by 0.4% in Q2

UK gross domestic product (GDP) increased by 0.4% in the three months to June, down from 0.6% in the three months to May, the Office for National Statistics (ONS) has revealed.

The latest data also follows growth of 0.8% in April, demonstrating a slowdown in the UK economy following a positive start to the year

Aviva lifts dividend amid record first-half profit

Aviva shares climbed on Friday after the FTSE 100 insurer raised its interim dividend and reported stronger-than-expected half-year results, boosted by robust performance across its businesses and early progress from its Direct Line acquisition
Frasers buys Harvey Nichols and warns of 'tough choices' ahead

Frasers Group has acquired Harvey Nichols from administrators FTI Consulting, taking control of the 200-year-old luxury retailer and warning the planned turnaround will require "tough choices".

The deal includes Harvey Nichols’ six UK stores in Knightsbridge, Manchester, Birmingham, Bristol, Leeds and Edinburgh, its online business, existing inventory and more than 1,000 employees
Virgin Trains wins cross-channel service approval from regulator

Virgin Trains has received pre-approval from The Office of Rail and Road (ORR) to run services between London St. Pancras and Paris, Brussels or Amsterdam from 2030
Institute of Chartered Accountants scheme completes £58m partial buy-in with PIC

The Institute of Chartered Accountants’ Staff Pensions Fund has announced a £58m partial buy-in with Pension Insurance Corporation (PIC)

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