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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 -1.19%  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 -0.1096%  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 +1.68%  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 -0.70%  gained 3.2% and multinational airline holding company International Consolidated Airlines Group /zigman2/quotes/208070069/delayed UK:IAG -0.18% gained 3.7%.

Retailers were under pressure. Shares of FTSE 250 /zigman2/quotes/210598417/delayed UK:MCX -0.81%  -listed B&M European Value Retail /zigman2/quotes/208742159/delayed UK:BME +1.91%  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 -1.89% 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 +2.37%  dropped 2.8%, while J Sainsbury /zigman2/quotes/206038250/delayed UK:SBRY -0.43%  slipped 2.2% and Tesco /zigman2/quotes/203761082/delayed UK:TSCO +0.16%  and Wm Morrison Supermarkets /zigman2/quotes/205533138/delayed UK:MRW -0.54%  dropped 1.7% each.

/zigman2/quotes/210598409/delayed
UK : FTSE UK
6,489.36
-78.01 -1.19%
Volume: 245,263
Jan. 28, 2021 11:02a
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/zigman2/quotes/210561263/realtime/sampled
US : Tullett Prebon
1.3675
-0.0015 -0.1096%
Volume: 0.0000
Jan. 28, 2021 6:17a
loading...
/zigman2/quotes/205429530/delayed
IE : Ireland: Dublin
14.24
+0.24 +1.68%
Volume: 530,746
Jan. 28, 2021 11:02a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
€16.51 billion
Rev. per Employee
€491,939
loading...
/zigman2/quotes/202825892/delayed
UK : U.K.: London
709.00 p
-5.00 -0.70%
Volume: 1.22M
Jan. 28, 2021 11:02a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£3.32 billion
Rev. per Employee
£214,929
loading...
/zigman2/quotes/208070069/delayed
UK : U.K.: London
138.75 p
-0.25 -0.18%
Volume: 11.66M
Jan. 28, 2021 11:02a
P/E Ratio
N/A
Dividend Yield
7.47%
Market Cap
£6.95 billion
Rev. per Employee
£346,172
loading...
/zigman2/quotes/210598417/delayed
UK : FTSE UK
20,114.99
-163.36 -0.81%
Volume: 130,349
Jan. 28, 2021 11:02a
loading...
/zigman2/quotes/208742159/delayed
UK : U.K.: London
543.40 p
+10.20 +1.91%
Volume: 677,044
Jan. 28, 2021 11:02a
P/E Ratio
19.11
Dividend Yield
10.07%
Market Cap
£5.31 billion
Rev. per Employee
£111,797
loading...
/zigman2/quotes/201492672/delayed
UK : U.K.: London
208.20 p
-4.00 -1.89%
Volume: 155,748
Jan. 28, 2021 11:01a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
£171.78 million
Rev. per Employee
£162,342
loading...
/zigman2/quotes/200571451/delayed
UK : U.K.: London
£ 280.70
+6.50 +2.37%
Volume: 2.53M
Jan. 28, 2021 11:01a
P/E Ratio
38.72
Dividend Yield
N/A
Market Cap
£5.75 billion
Rev. per Employee
£149,519
loading...
/zigman2/quotes/206038250/delayed
UK : U.K.: London
251.80 p
-1.10 -0.43%
Volume: 3.33M
Jan. 28, 2021 11:02a
P/E Ratio
N/A
Dividend Yield
4.17%
Market Cap
£5.57 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203761082/delayed
UK : U.K.: London
245.30 p
+0.40 +0.16%
Volume: 5.71M
Jan. 28, 2021 11:02a
P/E Ratio
21.67
Dividend Yield
3.95%
Market Cap
£23.84 billion
Rev. per Employee
£157,770
loading...
/zigman2/quotes/205533138/delayed
UK : U.K.: London
184.25 p
-1.00 -0.54%
Volume: 1.06M
Jan. 28, 2021 11:02a
P/E Ratio
16.93
Dividend Yield
3.73%
Market Cap
£4.43 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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