The FTSE 100 is struggling to hold ground this morning as attention has turned to the high street and reports from electrical retail DSG of reduced profit margins.
The FTSE 100 index has dipped under the 62,00 mark this morning and is currently down 17 points or 0.27% to 6,198, led by DSG – down 15.5p or almost 8% to 178.5p – and there are more losses than gains on blue chip share values. That said, brewer SABMiller has managed to limit the fall as its sales were 10% up in the third quarter in newer markets. SABMiller is up 36p or 3% to £12.07 as an acquisition last year has boosted its sales. Home Retail Group, owner of the Argos and Homebase retail chains, has also pulled back some of yesterday’s losses and is currently up 4.25p, or 1% to 412.5p...
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