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The share price rise came despite some cautious noises from the company about rising inflation. "Inflation is rising above the rate of income increases and the way the pound has moved since the Brexit vote, I think there is still a bit of inflation to move in, but we think we are quite high up in consumer's shopping priority," Chief Financial Officer Brian Small told Reuters. "We need to acknowledge that the consumer might be slightly harder pressed in this Christmas than they were in last Christmas," Small added. JD Sports has the majority of its shops in Britain but added 54 stores to its portfolio in mainland Europe and said that first JD store in Australia is due to open shortly. In Britain, it sell brands such as Superdry, Nike, The North Face, Adidas and many others through its JD shops. The company also offers a number of exclusive items from Nike and Adidas under the "Only At JD" range. Like-for-like store sales at its core sports fashion business rose 10 percent although the company said it was "unreasonable" to growth to be maintained at this level. Headline profit before tax and exceptional items rose to a record 244.8 million pounds from 157.1 million pounds a year ago. Analysts welcomed the figures.
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Jet 2 (0333 300 0404; jet2.com ) operates a year-round service from London Stansted and Birmingham; Easyjet (0843 104 5000; easyjet.com ) operates from Belfast, Bristol, Edinburgh, Glasgow, Liverpool, Manchester, Newcastle and all London airports; Flybe (0371 700 2000; flybe.com ) flies from Doncaster Sheffield, Exeter, Southampton, Belfast, Dublin, Edinburgh and Glasgow; British Airways (0844 493 0787; ba.com ) flies from London, Birmingham, Manchester, Bristol and Edinburgh. The city centre is located 8km from the airport (25); bus route 1 runs approximately every 15 minutes and costs 1.85. Taxis are available outside the arrivals area and are charged per kilometre; prices vary depending on time of day and there is also an airport surcharge. Staying there Glamorous Boutique Hotel Can Alomar (26) (+34 871 59 20 02; boutiquehotelcanalomar.com ) boasts a prime location in a 15th-century listed building. With 16 rooms and suites, there is also a pool, sun terrace and spa. Doubles from 300, room only. View photos The Boutique Hotel Can Alomar offers modern luxury housed in a 15th century building (Boutique Hotel Can Alomar) More The boutique 57-room Nakar Hotel (27) (+34 971 72 02 23; nakarhotel.com ) has been designed as an authentic Balearic guesthouse and includes a spa, roof sundeck and pool with views of the old town. Doubles from 229, B&B. Located off the harbour promenade, Hotel Feliz (28) (+34 971 28 88 47; hotelfeliz.com ) has 44 rooms, a roof terrace, sun terrace and plunge pool.
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The main downward effect on inflation last month came from air fares, which was due to the timing of Easter. However, the ONS data showed food prices in March were 1.2% higher than last year, the biggest annual rise in three years. Spending squeeze Inflation has been accelerating in recent months, partly as a result of the fall in the pound after the Brexit vote, which has raised import prices. Although the inflation rate remained unchanged from February, it remains above the Bank of England's target of 2% and is the highest since September 2013. "Inflation may be steady, but it's still currently outpacing wages and interest rates, which spells trouble for households and cash savers," said Laith Khalaf, senior analyst at Hargreaves Lansdown. "The inflationary squeeze that's coming is going to mean consumers have to spend more at the check-outs and petrol pumps, and that reduces their capacity to fund discretionary spending." Earlier on Tuesday, a survey by the British Retail Consortium and KPMG suggested consumers were reining back spending in the face of rising food prices. Total spending on non-food items fell by 0.8% in the January-to-March period, the survey found, which was the weakest three-month performance for nearly six years. The ONS figures showed that the cost of air fares fell by nearly 4% in March from the month before. However, last year, when Easter Sunday fell on 27 March, air fares had jumped by more than 20% amid higher demand.