M&S £300 Million Hit, JD Sports Slumps, UK Housebuilders Lower
On this episode of Stock Movers:- JD Sports shares slide as much as 13%, the most since January, after the British sports retailer said like-for-like sales fell 2% in its fiscal 1Q, driven by a decline in North America- Marks & Spencer is facing a £300 million ($403 million) hit to operating profit this fiscal year from a cyberattack that’s still disrupting the company’s sales and operations.- UK stocks including housebuilders: Persimmon, Taylor Wimpey, Barratt Redrow, Berkeley Group, Bellway and Crest Nicholson are in focus today after inflation rose to its highest rate in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.