Retail slump sees FTSE down 2%

The FTSE 100 Index slid more than 2% today as some miserable high street results did nothing to ease fears of a looming UK recession.

Retail slump sees FTSE down 2%

The FTSE 100 Index slid more than 2% today as some miserable high street results did nothing to ease fears of a looming UK recession.

Like-for-like sales at PC World were down 12% down, the chain's parent DSG International said, with pub group Punch Taverns adding to the gloom after scrapping a dividend payout.

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