JD Sports Fashion Says On Track To Meet Full-year Targets

JD Sports Fashion Plc (JD.L), a sports and fashion retail major, said in a update on Friday that its trading for the five month period to June was in line with its expectations. The firm also noted that its business performance is on track to meet its full-year targets.

For the five-month period to June, the Bury-based company’s total sales in the Group’s like-for-like businesses remained 5 percent ahead of the prior year.

Looking ahead, for the year to January 28, 2023, the retailer maintains its view that the headline profit before tax and exceptional items will be in line with the performance reported in the previous fiscal.

For the year to January 2022, the company had posted its headline profit before tax and exceptional items at 947.2 million pounds.

In addition, the company said: “The Board also expects that the phasing of the profit in the current year will reflect a more normalised trading pattern with approximately 35 percent to 40 percent of profits generated in the first half.”

SCA Q2 Net Income Climbs On Strong Demand

Svenska Cellulosa AB or SCA (SVCBY.PK), a Swedish pulp and paper industry company, on Friday posted increased profit for the second quarter, reflecting higher selling price as well as improved sales in its core markets helped by strong demand – particularly Scandinavia and Central Europe.

For the quarter ended in June, the firm posted a net profit of SEK 2.180 billion or SEK 3.05 per share, compared with SEK 1.483 billion or SEK 2.06 per share, reported a year ago.

Operating profit was at SEK 2.735 billion, higher than SEK 1.881 billion, year-over-year basis.

EBITDA for the three-month period moved up to SEK 3.121 billion, from last year’s SEK 2.260 billion.

Net sales were registered at SEK 5.899 billion, compared with SEK 4.810 billion of previous year quarter.

For the six-month period to June, net earnings of the company surged to SEK 3.940 billion or SEK 5.50 per share, versus SEK 2.285 billion or SEK 3.20 per share, on year-on-year basis.

SCA generated net sales of SEK 10.914 billion as against SEK 8.982 billion, posted for the first half of 2021.

Swedish Match Q2 Profit Rises On Strong Demand

Swedish Match AB (SWMAY.PK), a Swedish tobacco company, reported Friday that its second-quarter profit after tax increased to 1.62 billion Swedish kronor, higher than last year’s 1.44 billion kronor.

Earnings per share grew 17 percent to 1.07 kronor from 0.92 krona last year.

Operating profit from product segments increased 14 percent to 2.27 billion kronor.

Group sales increased 23 percent to 5.56 billion kronor from 4.51 billion kronor last year. In local currencies, Group sales increased 11 percent for the second quarter.

Further, the company said the full-year outlook for 2022 has been updated based on developments during the first six months.

Swedish Match said it expects continued significant growth in consumer demand for safer alternatives to cigarettes.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Nationwide increases the rate on Triple Access Online Saver to a highly competitive 1.50%

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Nationwide Building Society is also launching a new issue of its One Year Triple Access Online ISA paying an increased rate of 1.35 percent for 12 months. Both accounts allow three withdrawals during the 12-month term and automatically switch to one of Nationwide’s instant access accounts after one year.

Tom Riley, Director of Banking and Savings at Nationwide Building Society, said: “Our Triple Access Online Saver and ISA accounts pay some of the highest rates on the market and will appeal to those wanting to save with a well-known high-street brand that they trust.

“At the same time, we are also increasing rates on our fixed rate bonds offering competitive rates for those who want to lock their money away for a period of time.”

Opinion | The Electoral College Makes a Coup Very Tempting

Send any friend a story

As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.

By Jamelle Bouie

Opinion Columnist

Vichy Laboratoires Recalls LiftActiv Peptide-C Ampoules

New York-based Vichy Laboratoires LLC is recalling about 206,200 units of LiftActiv Peptide-C Anti-Aging Ampoules citing laceration hazard, the U.S. Consumer Product Safety Commission said.

The recall involves Liftactiv Peptide-C Ampoules 1.8ml (10 pack) and Liftactiv Peptide-C Ampoules 1.8ml (30 pack) which are facial serums. The serum is packaged in amber-colored glass ampoules with various batch numbers.

The product, manufactured in France, were sold at CVS, Walgreens, and Target stores nationwide and online at Amazon.com and www.vichyusa.com from November 2019 through April 2022 for between $33 and $60.

According to the agency, the glass packaging of the small, sealed vials or ampoules can weaken over time and break when opened, posing a laceration hazard to fingers and hands.

The recall was initiated after the company received 35 reports of injuries, including one injury involving a cut to a person’s hand requiring stitches.

Consumers are urged to immediately stop using the recalled product and contact Vichy USA Consumer Care for a full refund.

For More Such Health News, visit rttnews.com