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Jan. 10, 2020, 7:29 a.m. EST

Airlines rise in London but retailers slump at week’s end

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By Barbara Kollmeyer, MarketWatch


Getty Images for Superdry

London stocks struggled on Friday, with upbeat news from Ryanair Holdings lifting airlines, but less cheery news on the retail front dragging on that sector.

The FTSE 100 index /zigman2/quotes/210598409/delayed UK:UKX +0.09%  was flat at 7,598.42, after a week that is set to see the index slip 0.3%. The pound /zigman2/quotes/210561263/realtime/sampled GBPUSD +0.0077%  was equally unchanged at $1.3076.

Global equities have endured a week of intense geopolitical headlines, though worries appeared to ease at the end of the week as tensions cooled between the U.S. and Iran and investors welcomed some encouraging news on the U.S.-China trade-war front. U.S. jobs data will be watched closely on Friday, with investors expecting jobs growth to continue, but at a slower pace.

Shares of Ryanair Holdings /zigman2/quotes/205429530/delayed IE:RY4C -0.43%  surged close to 7% after the cut-price airline lifted full-year guidance for fiscal 2020 due to a strong Christmas period. Those of rival easyJet /zigman2/quotes/202825892/delayed UK:EZJ -2.71%  gained 3.2% and multinational airline holding company International Consolidated Airlines Group /zigman2/quotes/208070069/delayed UK:IAG -0.24% gained 3.7%.

Retailers were under pressure. Shares of FTSE 250 /zigman2/quotes/210598417/delayed UK:MCX +0.82%  -listed B&M European Value Retail /zigman2/quotes/208742159/delayed UK:BME +1.29%  tumbled 7.6% after the budget retailer said like-for-like sales at its core U.K. business were slower-than-expected over Christmas.

A profit warning for fashion house Superdry /zigman2/quotes/201492672/delayed UK:SDRY +0.34% sent those shares tumbling 14% on the FTSE 250.

“The fashion house had a strong Black Friday but the Christmas period was weak,” said David Madden, market analyst at CMC Markets, in a note to clients. He said group revenue fell 15.8% in the 10 weeks until early January, and the overall performance was so disappointing the firm now predicts that full-year underlying earnings will be between £0 and £10 million ($13 million).

Among other retail names, shares of Kingfisher /zigman2/quotes/200571451/delayed UK:KGF +1.31%  dropped 2.8%, while J Sainsbury /zigman2/quotes/206038250/delayed UK:SBRY +0.24%  slipped 2.2% and Tesco /zigman2/quotes/203761082/delayed UK:TSCO +0.49%  and Wm Morrison Supermarkets /zigman2/quotes/205533138/delayed UK:MRW +0.55%  dropped 1.7% each.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,032.18
+5.24 +0.09%
Volume: 0.00
Aug. 7, 2020 4:59p
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3052
+0.0001 +0.0077%
Volume: 0.0000
Aug. 7, 2020 4:59p
loading...
/zigman2/quotes/205429530/delayed
IE : Ireland: Dublin
11.51
-0.05 -0.43%
Volume: 1.44M
Aug. 7, 2020 4:30p
P/E Ratio
65.40
Dividend Yield
N/A
Market Cap
€12.55 billion
Rev. per Employee
€530,769
loading...
/zigman2/quotes/202825892/delayed
UK : U.K.: London
575.00 p
-16.00 -2.71%
Volume: 2.78M
Aug. 7, 2020 4:35p
P/E Ratio
9.46
Dividend Yield
7.63%
Market Cap
£2.61 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208070069/delayed
UK : U.K.: London
185.65 p
-0.45 -0.24%
Volume: 11.23M
Aug. 7, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
5.71%
Market Cap
£3.69 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598417/delayed
UK : FTSE UK
17,622.93
+143.55 +0.82%
Volume: 0.00
Aug. 7, 2020 4:59p
loading...
/zigman2/quotes/208742159/delayed
UK : U.K.: London
486.10 p
+6.20 +1.29%
Volume: 1.84M
Aug. 7, 2020 4:35p
P/E Ratio
43.02
Dividend Yield
1.67%
Market Cap
£4.86 billion
Rev. per Employee
£104,672
loading...
/zigman2/quotes/201492672/delayed
UK : U.K.: London
117.90 p
+0.40 +0.34%
Volume: 536,188
Aug. 7, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
1.70%
Market Cap
£96.70 million
Rev. per Employee
£183,756
loading...
/zigman2/quotes/200571451/delayed
UK : U.K.: London
£ 263.60
+3.40 +1.31%
Volume: 4.70M
Aug. 7, 2020 4:35p
P/E Ratio
775.29
Dividend Yield
N/A
Market Cap
£5.56 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206038250/delayed
UK : U.K.: London
189.45 p
+0.45 +0.24%
Volume: 4.59M
Aug. 7, 2020 4:35p
P/E Ratio
32.50
Dividend Yield
1.74%
Market Cap
£4.20 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203761082/delayed
UK : U.K.: London
223.70 p
+1.10 +0.49%
Volume: 12.74M
Aug. 7, 2020 4:35p
P/E Ratio
22.55
Dividend Yield
4.09%
Market Cap
£21.91 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205533138/delayed
UK : U.K.: London
192.25 p
+1.05 +0.55%
Volume: 3.65M
Aug. 7, 2020 4:35p
P/E Ratio
13.30
Dividend Yield
4.56%
Market Cap
£4.60 billion
Rev. per Employee
N/A
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Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter @bkollmeyer.

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