Retail rally but FTSE lacks spark

Retailers including Next and Marks & Spencer rallied today on hopes the sector could see positive sales growth in the second half of the year.

Retail rally but FTSE lacks spark
Fri, 10 Jul, 2009 - 12:26

Retailers including Next and Marks & Spencer rallied today on hopes the sector could see positive sales growth in the second half of the year.

An upbeat note from Citigroup yesterday pointed to potential encouragement from a rapid improvement in consumer cashflows and weak comparatives with a year earlier.

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