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Millions of historical data are at risk, as JD Sports has been hit by a cyberattack

JD Sports Store spotted on London’s famous Oxford Street.

Soba photos | Light Rocket | Getty Images

British fashion group JD Sports said on Monday that the personal and financial information of nearly 10 million customers “may have been accessed” in a cyberattack, according to a statement from the London Stock Exchange.

The data at risk relates to historical orders placed between November 2018 and October 2020 with the JD and Size brands. , Millets, Blacks, Scotts, and MilletSport. Includes customers’ names, billing addresses, delivery addresses, email addresses, phone numbers, order details, and the last four digits of the customer’s payment cards.

The company said it is communicating with customers to inform them of the risks of fraud and phishing attacks, while conducting an investigation and dealing with the UK’s Information Commissioner’s Office.

Shares of JD Sports were down just 0.50% from their previous close, to $160.8 at 11:58 a.m. London time.

– Roxandra Iordach

Economist says upcoming interest rate increases by central bank will likely be “non-event”

Core inflation remains “extremely high,” says Daniel Lacalle, chief economist at Tressis.

Renault cuts its stake in Nissan as the automakers mend their decades-old alliance

Auto giants Renault and Nissan agreed on Monday to restructure their decades-old alliance, in a move that would see Renault stakes in Nissan cut from about 43% to 15%.

The deal, which is still awaiting board approvals, will balance the companies’ holdings via equity, the two companies said, as automakers can now “freely exercise voting rights associated with their direct 15% stake, with a 15% cap.”

The new structure would also see Renault transfer 28.4% of Nissan shares to a French fund.

Renault shares were down 1.6% at 10:40 a.m. London time.

Read the full story here.

– Elliott Smith

Legal & General fell 2.5% as CEO Nigel Wilson announced retirement

Shares in British financial services group Legal & General fell 2.5% after CEO Nigel Wilson announced he was retiring after a decade in the role.

The company said Wilson will remain in the role until a successor is appointed, a process it expects to take about a year.

It added that Wilson has delivered “consistently strong financial performance with a total shareholder return of more than 600% driven by strong growth in dividend, earnings per share and return on equity.”

Legal and common stocks are down about 11% on a one-year basis.

– Jenny Reed

Stocks on the go: Computacenter, Philips gains; The positives are slips

British IT services company Computacenter rose 8.8% in early trade after announcing it expected 2022 results to beat guidance, although it noted continued inflationary pressure.

Philips gained 5% after announcing a range of measures to improve profitability, including 6,000 new jobs.

CEO Roy Jacobs told CNBC that the cuts were “a necessary intervention to help us become competitive and agile in the way we move forward in the market.”

At the bottom of European stocks, technology investment group Prosus fell 5.5%. Last week, the company said it would divest about 30% alongside its parent company as it looks to “bolster cost structures.”

– Jenny Reed

European markets open lower with focus on rate hikes

The European Stoxx 600 Index opened lower on Monday, with all sectors declining or flat.

Technology led the losses, down 1.6%, followed by travel, down 1.2%.

The series of monetary policy decisions coming from central banks has been in heavy focus this week, with the Federal Reserve announcing its next move to raise interest rates on Wednesday, followed by the Bank of England and the European Central Bank on Thursday.

Stoxx 600 index over the past week.

Oil is close to $100 a barrel by the second half of 2023, according to forecasts from RBC Capital Markets

Oil prices could approach $100 a barrel in the second half of the year, according to Michael Tran of RBC Capital Markets.

“The bottom line here is that China is going to buy a lot of crude oil over the next several months,” he said.

Brent crude futures recently traded flat at $86.85 a barrel, while US Brent crude futures rose 0.09% to $79.75 a barrel.

Investors and OPEC+ will also be waiting to see if the EU’s ban on Russian oil products, which begins on Sunday, will lead to any major disruptions. The oil cartel is not expected to make any real changes to its quotas or production guidance at an upcoming meeting, Tran forecasts.

– Lee Ying Chan

Adani Enterprises is spreading while subsidiaries of the group continue their decline

Shares of Adani Enterprises rose 10% after seeing sharp losses in previous sessions as the company’s CFO expressed confidence in its follow-up public offering, which is set to close on January 31.

The stock is still down more than 20% in the first month of the year.

CNBC Pro: Goldman Sachs calls tech stocks a “strong path” for growth — giving almost 70% upside

One aspect of the technology may be seeing a “limited appetite” from the market, according to Goldman Sachs. But the investment bank is optimistic.

She calls stocks with short-term opportunities, as well as “offensive picks” that she says could outpace their peers as the economy recovers.

CNBC Pro subscribers can read more here.

– Wizen tan

European Markets: Below are the opening calls

European markets are heading for a lower open on Monday as investors focus on the upcoming meeting of the Federal Reserve, which begins on Tuesday. The two-day meeting will conclude with the announcement of the central bank’s latest interest rate decision.

Britain’s FTSE 100 is expected to open 13 points lower at 7745, Germany’s DAX index 22 points lower at 15122, France’s CAC index down 9 points at 7083, and Italy’s FTSE MIB index down 17 points at 26339, according to data from IG.

Profits come from Ryanair and Philips. Spain releases preliminary inflation data for January.

– Holly Ellytt

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