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Risk Warning
28/09/2010
London equity markets were down on Tuesday as all of the most heavily-weighted sectors joined the sell off on concerns over slowing global economic growth.
On the FTSE 250 index, JJB Sports plummeted 6.8 per cent to 10.5p. Investors were unconvinced by announcements of significantly reduced half-year losses and retail revenue gains of 14.4 per cent to August.
“The group is still running heavy operating losses, and is now faced with increasing volatility and an uncertain economy in the run up to Christmas,” said Richard Curr at Prime Markets. “We believe the JJB turnaround story warrants little more than a sell into strength for the shares at present.”
Securities and Derivatives markets may be subject to rapid and unexpected price movements and past performance is not necessarily a guide to future performance. Trading in these markets is generally considered to be suitable only for the more experienced investor as it carries a high degree of risk. An investor may not receive back the amount of their original investment and in certain circumstances may be liable for a sum that is greater than their original investment. If in any doubt, please seek independent financial advice.