Apr 11, 2017

FTSE 100 opens lower as retail shares dip

The latest British Retail Consortium survey said non-food sales fell 0.8% in the January to March period, as shoppers focused on buying essentials. Shares in Next dropped 1.1% in early trade while Marks and Spencer was down 0.75%. The FTSE 100 index fell 10.08 points to 7,338.86. In the FTSE 250, JD Sports rose 3.4% after it posted a big rise in profits. Strong demand for its sportswear ranges was behind an 81% increase in pre-tax profits last year to £238.4m. On the currency markets, the pound dipped 0.05% against the dollar to $1.2409 but edged up 0.1% against the euro to 1.1730 euros.

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