Advertisement
UK markets close in 7 hours 28 minutes
  • FTSE 100

    8,123.31
    +44.45 (+0.55%)
     
  • FTSE 250

    19,749.70
    +147.72 (+0.75%)
     
  • AIM

    755.84
    +2.72 (+0.36%)
     
  • GBP/EUR

    1.1651
    -0.0006 (-0.05%)
     
  • GBP/USD

    1.2508
    -0.0003 (-0.03%)
     
  • Bitcoin GBP

    51,413.32
    +236.95 (+0.46%)
     
  • CMC Crypto 200

    1,388.40
    -8.13 (-0.58%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CRUDE OIL

    83.98
    +0.41 (+0.49%)
     
  • GOLD FUTURES

    2,357.70
    +15.20 (+0.65%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,663.76
    +379.22 (+2.19%)
     
  • DAX

    18,026.45
    +109.17 (+0.61%)
     
  • CAC 40

    8,041.24
    +24.59 (+0.31%)
     

JD Sports seeks to raise cash to fund expansion, deals

FILE PHOTO: A sign for a JD Sports store is displayed in a window in London

(Reuters) - JD Sports said on Wednesday it will sell about 6% of its shares to raise funds as Britain's largest sportswear retailer looks to expand and make further acquisitions.

The company, which recently bought DTLR Villa and Shoe Palace to expand its footprint in the United States, said the placing price will be determined at the end of the bookbuild.

(Reporting by Tanishaa Nadkar in Bengaluru, Editing by Sherry Jacob-Phillips)