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The Markets
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The Markets
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FTSE 100 rises into the weekend with consumer confidence at two-year high - Market Report

FTSE 100 rises into the weekend with consumer confidence at two-year high - Market Report

The FTSE 100 climbed early on Friday, aided by news from Gfk that UK consumer confidence currently sits at its highest level in two years.

Among companies, Wickes shares jumped early on after the DIY retailer said full-year profit should sit at the top-end of guidance following strong fourth-quarter sales.

WH Smith moved higher after hailing a successful shift to travel-focused stores.

And Saga climbed as it confirmed partnerships were being explored through its cruise business to unlock finance and reduce debt.

Clothing brand Superdry was less positive though, telling investors that market conditions were unlikely to improve anytime soon after first-half sales dipped and losses widened.

And finally, John Lewis told staff that redundancy pay will be slashed in a move supposedly being treated as a prelude to job cuts, according to internal company forums.

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