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
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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.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
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.

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