UK Markets Decline But Key Retailers Rally

THURSDAY MARKET UPDATE: Shares in SuperGroup and Ocado rallied strongly, which helped to stem the tide of red on the FTSE 250

Alanna Petroff 7 February, 2013 | 6:12PM
Facebook Twitter LinkedIn

The FTSE 100 and FTSE 250 indices both headed south during afternoon trading, after a sharp market fall on Monday and two days of recovery on Tuesday and Wednesday. The markets are still trading near a 4 1/2 year high that was set last week.

The plunge into the red on Thursday came as the Bank of England held off on implementing any additional stimulus measures and the European Central Bank (ECB) left its benchmark interest rate unchanged.

The FTSE 100 index took a significant hit, falling by 67 points, or 1.1%, to close at 6,228. The FTSE 250 also fell, but was more resilient compared to its large-cap counterpart. Shares in two FTSE 250 retailers - SuperGroup (SGP) and Ocado Group (OCDO) - posted double-digit rallies, which supported the overall mid-cap index.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Burberry Group PLC2,256.00 GBX0.00Rating
Ocado Group PLC1,944.00 GBX-1.77Rating
Superdry PLC427.50 GBX0.71
Vodafone Group PLC131.52 GBX0.98Rating

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement