The index of UK blue-chips lacks direction after slightly disappointing GDP figures
9.28am: JD Sports among the risers after update
The market may have got off to a fairly lacklustre start but retailers have received a lift from the grand reopening on Monday, which seems to have been fairly successful.
JD Sports Fashion PLC (LON:JD) has seen its shares pick up pace after further consideration of its positive results, achieved despite the pandemic shutting its UK shops for much of the trading period and helped by a strong performance in the US. It is currently 20.2p or 2.21% better at 933.8p.
The retail rise is helping both posh and not so posh businesses. Burberry PLC (LON:BRBY) is 33p or 1.61% better at 2085p while B&M European Value Retail SA (LON:BME) has climbed 11.8p or 2.2% to 547p.
And despite the pubs trading again – albeit with restrictions – Just Eat Takeaway.com (LON:JET) is also heading higher, up 144p or 1.96% at 7498p after it reported a surge in first quarter orders.
None of this has helped lift the FTSE 100 off its worst level, and it is down just 0.59…