UK market roundup: Kingfisher earnings, JD Sports Mexico launch, HSBC loss and legal actions
A City AM market roundup covered Kingfisher's FTSE 100 performance, JD Sports' entry into Mexico, HSBC's £17 million loss from the Brewdog collapse, a legal case against loan-notes firm Hunter Jones, and Shein's appeal in a fast-fashion copyright dispute with Temu.
The latest City AM briefing noted that Kingfisher reported its FTSE 100 results while public-sector net borrowing figures were released. JD Sports announced a launch in Mexico despite a slowdown across North America. HSBC disclosed a £17 million hit linked to the Brewdog failure. Regulators have begun legal proceedings against loan-notes provider Hunter Jones. Meanwhile, fast-fashion retailer Shein secured an appeal against Temu in an ongoing copyright battle.
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