The ONS’s updated data confirmed that the UK was in a recession in the last half of 2023.
JD Sports says it is still battling a “challenging” market with “elevated promotional activity” by rivals. The retailer, styled as the king of trainers and certainly one of the few high street princes of the last few years, suffered a profit warning in January but seems to be back on track. CEO Régis Schultz said: “We anticipate trading conditions will improve as we move through the year, helped by a busy sporting summer and softer comparatives with last year.”
The latest investor updates on stocks that are trending on Thursday.
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