Retail sector drags Footsie down

Further bleak news from the retail sector sent a clutch of famous high street names into negative territory on the London market today.

Further bleak news from the retail sector sent a clutch of famous high street names into negative territory on the London market today.

The gloom, which stemmed from trading updates by Matalan and HMV, ensured the FTSE 100 Index stood eight points lower at 4853.2 by mid-morning.

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