Morning Markets: Home retailers drag FTSE down as economy remains subdued

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The FTSE was down in early morning trading by 21.35 points (0.40%) at 5292.46, as markets remain cautious awaiting the latest UK GDP reading - due at 9:30am - and EU bank stress test results due after close of business today.

ARM Holdings topped the leaders' board, up 4.86 points (1.52%) trading at 321p on the back of their results, Thursday. Vodafone Group PLC was up 1.65 points (1.11%) to 150p, as the mobile giant reported higher-than-expected revenue for the first quarter and announced a settlement of its outstanding tax bills with the UK tax authorities. Anglo American Plc also performed well trading at £24.95, up 18 points (0.73%) as De Beers, which is 45% Anglo-owned, reported positive first-half earnings with sales up 84% to £2.6bn. Elsewhere Kingfisher was down 3.7 points (1.64%) to 221p, as Eur...

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