UK retail shares resilience to fade beyond first-quarter

Posted by 7Star Tuesday, April 7, 2009

British general retailers were among a handful of sectors trading in positive territory in a first-quarter stock market slump, but now look set for declines as currency effects and sagging consumer demand take their toll. On March 31, Marks & Spencer posted a smaller-than-expected fall in fourth-quarter underlying sales but remained hesitant on the outlook for the new financial year.

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