Predicted £750m profit makes it harder for JD Sports to keep £61m furlough cash

Hesitation to return UK Covid support could be influenced by fear other governments may expect a contribution

Call it an embarrassment of riches at JD Sports. Profits, like the share price, are flying, to the point where the company predicts £750m for the full-year, or £150m more than the City had expected, which must be the largest profit upgrade ever announced by a UK retailer.

, Predicted £750m profit makes it harder for JD Sports to keep £61m furlough cash, The Nzuchi Times Guardian

The embarrassment, or difficulty, lies in the fact that JD accepted a large helping hand from the public purse – notably £61m in UK furlough cash – and is keeping its Covid support, a stance that looks increasingly hard to sustain.

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