M&S and Next See Shares Fall in Wake of Weak Inflation Figures ; Market Report

Summary


The London market fell back below the 5200 mark yesterday amid falls for retailers and concerns over US earnings reports.

Marks & Spencer topped the FTSE 100 Index's fallers board, with a four per cent decline, closely followed by Next, down three per cent, in the wake of weaker-than-expected inflation figures and a British Retail Consortium (BRC) warning of "volatile" consumer confidence.

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Extract


M&S and Next See Shares Fall in Wake of Weak Inflation Figures ; Market Report

The Footsie closed down 56 points at 5154.2 having turned down sharply in tandem with US markets.

Wall Street was in the red yester...

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