Footsie not moved by Wall Street's rally

The UK market reflected investors' concerns over an increase in interest rates. The Bank of England begins a monthly two-day meeting today to set its benchmark interest rates. If rates are increased, consumer spending will dampen. The FTSE 100 slid 21.9 to 5228.5. The retail sector was the most badly hit sector. Dixons fell 12p to 227.25p. The high street electrical retailer announced lower than expected interim profits caused by slower Christmas trading and a fall in mobile phone sales. GUS the catalogue shopping company lost 12p to 650p and Next dropped 6p to 888p. Among...