Card Factory, Boohoo, JD Sports, Saga: Morning Roundup

London stocks gained in early Tuesday as the pound regained some steam after hitting fresh lows. The morning roundup includes news from Card Factory, Boohoo, and JD Sports.

Card Factory

  • Card Factory reported its interim results for the six months ended 31 July.
  • Card Factory revenue growth was up 4.1%, reflecting the good momentum and shift back to high street sales.
  • The group reported an EBITDA of £43.8 million as the business managed inflationary headwinds.
  • Shares of Card Factory jumped 5.62%.

Boohoo

  • Boohoo has confirmed the start date of its new CFO.
  • The appointment of Shaun McCabe as Chief Financial Officer will take on his role on 3 October 2022.
  • Shaun will succeed Neil Catto, who will transition to Executive Director.

JD Sports

  • JD Sports have responded to the CMA announcement regarding the completion of its investigation into the suspected breaches of competition law.
  • JD notes it has fully co-operated with the CMA throughout the investigation. As a result, the CMA has applied a substantial discount in determining its final penalty of £1.49 billion.
  • No directors or senior management of JD were involved in the offending conduct, which took place in 2018-2019, stated JD Sports.

Saga

  • Saga reported its interim results for the six months ended 31 July.
  • Saga reported revenue jumped 65% to £258.3 million.
  • The firm reported an underlying profit before tax of £14 million for the first half, compared to an underlying loss of £2.8 million in the prior period.
  • Saga shares declined 12.97%.

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