Retail stocks lead rally to end week stronger

RETAIL stocks grabbed the headlines again yesterday as the FTSE 100 Index managed to end a week-long losing streak.

Retail stocks lead rally to end week stronger
Fri, 10 Jan, 2003 - 00:00

The Footsie closed 9.2 points stronger at 3934 after enjoying a late rally on the back of a stronger-than-expected start to trading on Wall Street.

But most interest was focused on the retail sector and the surprise decision by supermarket group Morrison’s to buy Safeway in a €4.5bn deal.

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CourtsMarkets/EuroPlace: Wall StreetPlace: LondonPlace: USEvent: Christmas EveOrganisation: FootsieOrganisation: Morrison’sOrganisation: SafewayOrganisation: GatewayOrganisation: SignetOrganisation: ReutersOrganisation: Marks & SpencerOrganisation: Friends ProvidentOrganisation: MorrisonOrganisation: Shire pharmaceuticals
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