FTSE 100 (UKX)

6,197.43
   
  • Change Today:
    -82.69
  • 52 Week High: 7,674.56
  • 52 Week Low: 4,993.89

JD Sports slumps after Pentland stake sale

By Michele Maatouk

Date: Wednesday 11 Dec 2019

LONDON (ShareCast) - (Sharecast News) - JD Sports was under the cosh on Wednesday following reports that its largest shareholder, Pentland Group, had sold off a stake in the sportswear retailer.
Pentland was said to have sold around 24 million shares in a placing, at 740p each.

At 1320 GMT, JD shares were down 10% at 724.80p.

CMC Markets analyst Michael Hewson said: "Despite the sale Pentland still remains a majority shareholder in the business owning 55% of the share capital, and the shares are still up over 100% year to date, which doesn't seem too bad a return."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Data

Price 6,197.43
Change Today -82.69
% Change -1.32 %
12-Aug-20 Close 6,280.12

Top Risers

Price Change
PSN 2,529.00p +2.6%
SPX 11,000.00p +2.2%
FLTR 12,255.00p +2.2%
MNG 185.40p +2.2%
OCDO 2,338.00p +1.7%
VOD 121.30p +1.3%
IHG 4,222.00p +1.0%
FRES 1,251.00p +0.9%
JET 9,078.00p +0.9%
GVC 789.00p +0.5%

Top Fallers

Price Change
ITV 62.68p -5.1%
PHNX 695.20p -3.6%
LGEN 229.20p -3.3%
RDSA 1,210.20p -3.2%
HSBA 345.95p -3.1%
RDSB 1,166.80p -3.1%
NWG 115.65p -3.1%
SKG 2,694.00p -3.1%
AVST 564.50p -3.0%
STAN 426.10p -2.8%

Top of Page