The FTSE 100 is lower this morning as retailers continue to announce underwhelming Christmas sales figures. The index is currently 33 points down (0.53%) to 6182.70.
A JPMorgan Chase downgrade has led B&Q owner Kingfisher to the worst start, down 3.74% to 126.20. British Land was also stung by a 'sell' from 'hold downgrade by SG Securities, leading it to fall 3.65% to 910 so far. Tesco is down after announcing its like-for-like sales in the six weeks to 5 January climbed 3.1%, lower than analyst expectations. It is currently 3.15% behind to 406.75. In contrast to the poor performing Tesco, rival Sainsbury is leading the gains this morning, up 3.96% to 394.25. International directories company Yell is also higher, currently 2.81% ahead to 347.25....
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