Retailers in focus as London opens lower

clock

London opened marginally weaker on Wednesday, continuing the softer trend seen towards the end of Tuesday's session, with retailers in focus in the early going.

The index was 1.5 points, or 0.03%, lower at 6,012 shortly after opening.   High street fashion chain Next said it remained on course to meet full-year profit forecasts despite estimating the snow chaos lost it £22m of full-price sales in the run-up to Christmas. It added 27p to £20.42. Elsewhere, fast-growing pizza delivery firm Domino's Pizza will deliver an extra topping of profits after a strong finish to the year. Sales for the 13 week period to 26 December increased by 17.8% to £132.5m from £112.4m in the corresponding period of 2009. Oil fabrications giant Petrofac has co...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

OBR independence 'a major advantage' for UK economy

OBR independence 'a major advantage' for UK economy

Treasury Committee hearing

Alex Sebastian
clock 20 May 2026 • 4 min read
Bank of England warns of future rate uncertainty after vote to hold at 3.75%

Bank of England warns of future rate uncertainty after vote to hold at 3.75%

One vote to hike rates

Michael Nelson
clock 30 April 2026 • 2 min read
Navigating an uncertain environment: Applying a disciplined, data-driven approach

Navigating an uncertain environment: Applying a disciplined, data-driven approach

'​Looking ahead, the fundamental case remains constructive'

Fahad Hassan
clock 28 April 2026 • 2 min read