JD Sports (JD.), ABRDN (ABDN) & BHP: 3 FTSE 100 stocks to buy

Highlights

  • JD Sports was ordered by the Competition and Markets Authority (CMA) to sell Footasylum post an investigation due to competition concerns.
  • Abrdn is in talks to acquire Interactive Investor, an online share trading service, to expand retail investment reach, for consideration of £1.5 billion.  
  • BHP inked a share sale and purchase agreement with Stanmore to sell an 80% stake in BHP Mitsui Coal for $1.35 billion.

FTSE 100 stocks present plenty of investment opportunities for investors. This is the peculiar characteristic that despite unstable market conditions during the pandemic, these stocks continued to offer steady returns to investors. Let us explore three FTSE 100 stocks that have been making news today- JD Sports, ABRDN and BHP.

JD Sports, ABRDN & BHP: Market cap details

Data source: Refinitiv

JD Sports Fashion Plc (LON: JD.)

JD Sports Fashion is a sports-fashion retail firm that operates shops in the UK, US, Europe, New Zealand, Asia and Australia. JD Sports was ordered by the Competition and Markets Authority (CMA) to sell Footasylum, post an investigation on competition concerns.

In October, JD Sports Fashion acquired an 80% stake in Cosmos Sport S.A. The latter operates 3 stores in Cyprus and 57 stores in Greece.

For H1 2021 ended on 26 August, JD Sports’ revenue was £3,885.8 million compared to £2,544.9 million in H1 2020. The company’s gross profit margin rose to 48.5% in H1 2021 from 45.6% in H1 2020.

The shares of JD Sports Fashion are trading at GBX 1,122.50, up by 0.13% at 8:05 AM on 8 November 2021. The market cap of the company currently stands at £11,564.54 million, and the shares returned 49.28% to shareholders over the last one year.

Abrdn Plc (LON: ABDN)

Abrdn is a British investment firm and one of the largest money management companies in the world. Abrdn is in talks to acquire Interactive Investor, an online share trading service, to expand retail investment reach, for consideration of £1.5 billion.  

Abrdn recorded revenue of £755 million in H1 2021 compared to £706 million in H1 2020. Its adjusted profit before tax for H1 2021 was £162 million compared to £92 million in H1 2020.

The shares of Abrdn are trading at GBX 256.30, up by 0.24% at 8:06 AM on 8 November 2021. The market cap of the company currently stands at £5,576.11 million, and the shares returned 7.48% to shareholders over the last one year.

BHP Group Plc (LON: BHP)

BHP Group is a company engaged in exploring, developing, producing and processing metallurgical coal, iron ore, and copper. The mining giant inked a share sale and purchase agreement to sell an 80% stake in BHP Mitsui Coal, a metallurgical coal joint venture in Australia, for $1.35 billion. Under the terms of the agreement, Stanmore SMC, a wholly-owned subsidiary of Stanmore Resources, will acquire the shares in Dampier Coal from BHP.

BHP Group’s EBITDA rose by 69% year-on-year to US$37.4 billion in FY 2021. The company’s board announced a dividend of US 301 cents per share for FY 2021, an increase of 151% year on year.

The shares of BHP Group are trading at GBX 1,909.00, up by 0.02% at 9:33 AM on 8 November 2021. The market cap of the company currently stands at £40,311.00 million, and the shares returned 20.49% to shareholders over the last one year.

Comment


Disclaimer