Bearish
FTSE 100 closes flat as JD Sports plunges 14% on profit warning
The FTSE 100 index ended the day virtually unchanged, closing at 10,748.16 points. This stability was largely due to gains in mining and oil stocks, which offset a significant decline in JD Sports shares following a profit warning. JD Sports' stock plummeted nearly 15% after the company reduced its profit outlook due to weaker-than-expected sales in North America.
Key points
- JD Sports shares fell 14.32% after issuing a downbeat profit forecast.
- Mining stocks like Fresnillo and Endeavour Mining rose by 2.69% and 2.48%, respectively.
- Oil companies BP and Shell saw gains of 2.39% and 0.7%, respectively, amid rising oil prices.
- The FTSE 100 index closed at 10,748.16 points, marking a 0.04% increase.
Sources
AI-generated from public news sources. Not financial advice.
