Stock Movers JD Sports, National Grid Up, Hochschild Plummets
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Aug 27, 2025 JD Sports Fashion impresses with a solid profit forecast and announces a £100m share buyback, signaling resilience despite market challenges. Meanwhile, energy costs in the UK are set to rise by 2%, reflecting regulatory changes that impact consumer support. In stark contrast, Hochschild Mining faces a steep 20% stock drop due to disappointing production forecasts, raised by challenges at their Mara Rosa mine in Brazil, highlighting the volatility in the mining sector.
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JD Sports Stabilizes Expectations
- JD Sports' full-year profit guidance came in line with expectations, easing fears about its US exposure.
- The market rewarded the news with about a 5% jump, making JD one of the FTSE 100's top performers.
Utilities Benefit From Price Cap Change
- Ofgem's decision to allow a 2% cap rise shifts higher costs onto consumers but improves utility firms' revenue clarity.
- Markets favored National Grid and other utilities, which outperformed amid a broadly bullish day.
Regulatory Design Affects Bill Funding
- Support payments reinstated for vulnerable homes raised the funding requirement that pushed bills higher.
- Regulators framed the Ofgem changes as including "valuable steps forward" in framework design.