A slow start for retailers coupled with strong losses in Asia is weighing on the FTSE100 this morning, with London's blue-chip index down 25.60 points (0.48%) to 5340.60 so far.
The poor retailer opening has been attributed to Morrison Supermarkets, which has fallen 3.79% to 260 despite a 7.6% H1 sales rise. B&Q owner Kingfisher currently leads the losses, 6.33% behind to 128.80. Pub group Enterprise Inns’ struggles continue, 5.12% lower to 222.25. Miners are trying to keep the markets in check – with Kazakhmys 4.97% higher to 866, Xstrata 4.63% up to 2328 and Antofagasta 4.61% ahead to 510.50. In New York, an energy and tech revival stocks lifted the Dow Jones on Wednesday, up 38.19 points (0.34%) to 11268.92. General Motors continued its recent good form, up ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
