Retailers nudge FTSE down sllightly

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The FTSE 100 Index has dipped a further 6 points this morning to 4976.50, paced by retailers including GUS and Next.

High street retailer GUS, owner of Argos, has lost 25.50p to 861p, after it announced it will sell off the remaining shares of Burberry Group this year. Next has also lost 33p to 1467p, while recruitment firm Hays is down 2.75p to 123.50p. Old Mutual leads advances, up 2p to 119p, while British Land Co has moved 10p higher to 875p, after reporting an increase in value of holdings at various malls and complexes. Hanson is also trading 5p higher to 515p. Japanese stocks continued to fall, paced by steelmakers including JFE Holdings and Nippon Steel. The Nikkei 225 Stock Average shed 1.1%...

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