FTSE rises but retail worries continue

DSG International led the pack, up 3.5 points (3.5%) to 103.5p, while Northern Rock added 2.9 points (3.17%) to 94.3p after the Government extended its deposit guarantees. Alliance & Leicester shares dropped 16.5 points (2.51%) as the banking crisis continued to take its toll on securitized lenders. Rexam shares continued to fall following a downgrade from Citigroup. On Wall Street, shares plummeted as investors expressed concern about the global economy and the Dow Jones dropped 172.65 points (1.29%) to 13,167.2, with just two stocks making gains. Wal-Mart shares added 0.2 (0.42%) ...