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Sector movers: Retail recovers

Mon, 18th Jan 2010 13:13

The retail sector has recovered slightly from falls last week when the market gave a stream of updates a generally frosty reception.Today's gains come in spite of a fall in the value of online fashion retailer ASOS's share price.ASOS enjoyed a good Christmas with both sales and margins strong and growth both in the UK and abroad, though sales growth did slow from earlier in the year.Other retailers to report later this week include Carphone Warehouse and Kesa Electricals, the owner of Comet.BSkyB is among the stocks dragging the media sector lower. Reports say the satellite broadcaster will have to lower the prices it charges for films and sports when Ofcom rules this week.Top performing sectors so far todayElectricity 6,911.33 +2.31%Mining 23,033.76 +2.06%Automobiles & Parts 3,062.87 +2.02%General Retailers 1,665.63 +1.50%Personal Goods 10,653.29 +1.17%Bottom performing sectors so far todayTechnology Hardware & Equipment 373.07 -0.75%Aerospace and Defence 3,081.43 -0.44%Insurance (non-life) 1,314.02 -0.31%Media 3,394.38 -0.15%Forestry & Paper 3,919.70 -0.05%
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Full-year profit soars at Carphone Warehouse

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UK Earnings, Trading Statements Calendar - Week Ahead

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