CMC Markets falls most among FTSE 250 components
JD Sports Fashion drops after profit warning
FTSE 100 up 0.4, FTSE 250 down 0.1
Nov 21 Reuters The UK39;s midcap index fell to its lowest in three months on Thursday after a disappointing trading update from CMC Markets, while sportswear retailer JD Sports Fashion sank following a profit warning.
The FTSE 250 index of domestically oriented companies .FTMC, opens new tab dipped 0.1 by 1133 GMT, trading at its lowest since Aug. 5.
CMC Markets CMCX.L, opens new tab tumbled 15 after the trading platform reiterated its net operating income forecast for the year ending March 2025, disappointing investors who had expected an upgrade.
The stock was the biggest decliner among the FTSE 250 components.
The bluechip FTSE 100 .FTSE, opens new tab, however, rose 0.4, aided by a dip in sterling and health and safety device maker Halma39;s HLMA.L, opens new tab 6.8 rise after it posted growth in halfyear revenue and profit.
JD Sports Fashion JD.L, opens new tab plunged 12.2 after it warned annual profit would come in at the lower end of its guided range after a tough October of discounting, mild weather and consumer caution.
JD Sports39; goal of scoring 1 billion in annual profits has been kicked down the road for the second year in a row, said Dan Coatsworth, investment analyst at AJ Bell.
Some may view this 1 billion figure as merely symbolic, but breaching this barrier is no mean feat and demonstrates a retailer has a lasting…