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JD Sports targeted by TikTok posts
London's Oxford Street is on high alert after a viral TikTok post urged followers to "rob JD Sports".
The Metropolitan Police have increased patrols in the central London shopping district, anticipating a large turnout of youths responding to the call.
The online post, which has spread across various social media platforms, advises participants to dress in 'bally and gloves' and warns against bringing weapons.
Last year, similar incidents led to widespread vandalism, including damage to shops and a Ferrari (NYSE:RACE), and assaults on police officers.
Shares in JD Sports Fashion Group PLC fell marginally into the red after a bright start.
Rolls-Royce is Jefferies top sector pick
Rolls-Royce Holdings PLC (LON:RR) has recoverded rapidly from the lows of January’s “burning platform” comments, Jefferies analysts say, prompting a host of upgrades.
An operating margin of 12.4% in the half year to June, compared to 3.4% last time around, proves analysts’ expectations had been too conservative, the investment bank said.
This should stick throughout next year, it continued, with Rolls-Royce’s civil aerospace wing likely to see margins climb into the 15% region based on the aviation sector’s recovery
“Rolls-Royce remains our sector top pick,” Jefferies said, as the company “now offers an attractive mix of a value profile and recovery potential”.
Shares rose 0.5% to 208.95p.
Oil price at four-month high
The oil price continues to rumble higher, hitting its highest level since April.
The price of Brent crude is 0.9% higher at $86.98 and West Texas Intermediate is 0.8% to the good at $83.54.
The extension of production cuts by Saudi Arabia last week couple with supply concerns over risks to
Russian crude shipments from tensions in the Black Sea continue to underpin the price.
Ukrainian President Volodymyr Zelensliy said his country would retaliate if Russia continues to block Ukrainian ports.