The FTSE 100 index closed 7 points higher to 4735.2 by close of business on Thursday, boosted by sales at British retail stores.
According to figures from the Government, retail increased by 0.6% in November led by household goods, clothing and footwear. Retailer GUS, which has companies like Argos and Homebase under its umbrella, added 42p or 4.7% to 930p after Retail Week reported a group of private-equity firms and banks could make an £11bn offer. High street retailers Next have also added 40p to 1645p, along with Boots picking up 16p to 650.50p. Drug maker, GlaxoSmithKline increased 30p to 1196p as analysts raised its stock rating on the prospect it will increase its earnings. Cruise company Carnival is ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes