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JD Sports Fashion PLC - Lancashire-based sportswear retailer - Non-Executive Chair Andrew Higginson buys 159,704 at £1.50 each, worth £240,642, in London on Wednesday. Higginson is now interested in 458,646 shares, a 0.01% stake.
Also on Wednesday, JD said revenue growth quickened in the run-up to Christmas, with the company now expecting annual profit at the top end of market expectations. Organic revenue in the six weeks to December 31 jumped more than 20% from a year before. In the 22 weeks to the end of December, organic revenue rose more than 10% annually. Organic annual growth picked up from 5% in the first-half.
JD Sports now expects pretax profit before exceptional items for the financial year ending January 28 at the top end of a £933 million and £985 million market consensus range.
Current stock price: 150.75p, up 7.0% on Wednesday in London
12-month change: down 29%
By Sophie Rose, Alliance News reporter
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