FTSE closes on losing note

The FTSE 100 Index ended the last session before Christmas on a losing note today amid more bleak news for the retail sector.

The FTSE 100 Index ended the last session before Christmas on a losing note today amid more bleak news for the retail sector.

Volumes were thin in the final day of trading before next Monday but concerns over the prospects of many on the high street deepened when music, games and DVD retailer Zavvi called in administrators.

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