Good sets of results in store for sports and cafe chains

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SPORTS Direct and the owner of coffee chain Costa will prove there is money to made in retail this week when they provide updates to the City.

Mike Ashley’s Sports Direct International will unveil higher half-year profits on Thursday after taking advantage of the demise of rival JJB Sports and benefitting from Olympic fever.

The group, which has nearly 400 stores and owns brands including Slazenger, Donnay and Karrimor, is expected by brokers Numis to report a 20 per cent rise in underlying earnings to £169m.

 

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