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14.01.25 - 09:18
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JD Sports warns of lower profits; pound rises amid pressure on Reeves – business live (The Guardian)
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Sterling up slightly after falling to 14-month low amid worries over UK public financesGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.JD Sports, Britain's biggest sports retailer, has issued another profit warning, blaming heavy discounting across the fashion market, while the online grocer Ocado reported its best Christmas ever.A large portion of Russia's shadow tanker fleet has been sanctioned, making it more difficult for Russia and buyers to circumvent the G-7 price cap. These sanctions have the potential to take as much as 700,000 barrels per day of supply off the market, which would erase the surplus that we are expecting for this year.8.30am GMT: Bank of England deputy governor Sarah Breeden speaks on 'Financial stability and too big too fail' in Zurich2.30pm GMT: UK's business and trade committee questions Frasers, Evri, Deliveroo and Uniqlo on the impact of gig-economy style self-employment and zero-hours contracts2.30pm GMT: US pro...
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