Following is a round-up of key small cap movers on the London stock market on Wednesday. December 3rd 9:50 a.m. - JJB hit by probe into Sports Direct stake Shares in sporting goods retailer JJB Sports slump 23 percent to 11.
Sports and fashion retailer JD Sports Fashion said on Tuesday, December 2nd that sales had fallen in the last 11 weeks but that it was on track to meet market expectations in terms of full-year profit.
Sales at Italian department store chain Gruppo Coin have so far been "exactly" in line with last year, with the weather having more of an impact than the recession, Chief Executive Stefano Beraldo said on Monday.
Italian jeweller Bulgari anticipates a "bad Christmas" in terms of sales and a difficult year next year, Chief Executive Francesco Trapani said on Friday. "October was very difficult.
British billionaire Philip Green said on Thursday 27th November he has no current plans to bid for men's fashion retailer Moss Bros Group Plc , having decided now "was not the right time".
Greek jewellery retailer Folli Follie said on Thursday 9-month net profit rose 5.2 percent as robust sales in Asia cushioned it from the world economic downturn.
Italian jeweller Gruppo Damiani SpA posted a 56.5 percent fall in first-half core profit on Wednesday as sales decreased and operating costs rose.
Charming Shoppes Inc , a retailer of women's plus-size apparel, posted a quarterly loss that was narrower than market estimates, helped by higher sales and margin in October, and forecast fourth-quarter revenue above market view, sending its shares up as much as 92 percent.
Apparel retailers Talbots Inc and Chico's FAS , which cater to women aged 35 and over, reported weaker quarterly results on Tuesday as their customers cut spending in the softening economy.
Gap Inc posted higher quarterly net profit on Thursday, topping Wall Street expectations, helped by lower inventory and cost cutting that boosted margins and offset a decline in sales.
Specialty retailer Wet Seal Inc , which posted a 7.6 percent fall in quarterly same-store sales, forecast a weak fourth quarter, which includes the holiday season, sending its shares down as much as 14 percent.
Gold demand leapt by 18 percent globally in the third quarter, boosted by purchases from India, as investors sought shelter from the global financial meltdown, industry officials said Thursday.
Children's Place Retail Stores Inc's quarterly profit almost doubled, driven by higher sales and improved gross margins, sending its shares up as much as 12 percent. For the third quarter ended Nov. 1, the apparel retailer posted net income of $24.
Warnaco Group Inc , the maker of Calvin Klein jeans and Speedo swimsuits, announced a cost-cutting plan on Wednesday that includes eliminating about 45 corporate jobs and reducing capital expenditures.
Phillips-Van Heusen Corp posted lower quarterly net income on Tuesday as more promotions and advertising costs cut into profit, and the apparel maker lowered its 2008 profit and revenue forecasts.
