Home / Rebounds / FTSE 100 opens lower as retail shares dip

FTSE 100 opens lower as retail shares dip

FTSE 100 opens lower as retail shares dip

FTSE 100 opens lower as retail shares dip

  • 11 April 2017
  • From the section Business

Trader at ETX Capital in LondonImage copyright
Getty Images

Retail shares weighed on the FTSE as a survey indicated non-food sales had fallen since the start of the year.

The latest British Retail Consortium survey said non-food sales fell 0.8% in the January to March period, as shoppers focused on buying essentials.

Shares in Next dropped 1.1% in early trade while Marks and Spencer was down 0.75%. The FTSE 100 index fell 10.08 points to 7,338.86.

In the FTSE 250, JD Sports rose 3.4% after it posted a big rise in profits.

Strong demand for its sportswear ranges was behind an 81% increase in pre-tax profits last year to £238.4m.

On the currency markets, the pound dipped 0.05% against the dollar to $1.2409 but edged up 0.1% against the euro to 1.1730 euros.

Source : BBC News – Business

FTSE 100 opens lower as retail shares dip

FTSE 100 opens lower as retail shares dip

About Ali Wael

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Facebook Auto Publish Powered By : XYZScripts.com