London Markets: FTSE 100 wavers near record as home builders, retailers fall [MarketWatch]
Micro Focus Intl PLC ADS each representing One Ord Sh (MFGP)
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Source: MarketWatch
FTSE 100 wavers near record as home builders, retailers fall U.K. stocks were little changed Monday, with shares in retailers and home builders losing ground and keeping London’s blue-chip benchmark near the prior session’s record high. What the market is doing: The FTSE 100 index UKX, -0.15% edged up fractionally to 7,724.59, not far off from an all-time closing high of 7,724.22 hit on Friday . Last week, the benchmark rose 0.5%. The pound GBPUSD, -0.1990% traded at $1.3540,down from $1.3569 late Friday in New York. What’s driving the market: Some retail stocks were under pressure after baby-care products retailer Mothercare PLC released a profit warning. That comes on the heels of last week’s profit warning from department store chain Debenhams and a report from the British Retail Consortium that showed U.K. store prices fell 0.6% in December year-over-year, as retailers offered discounts at the beginning of the Christmas month. Investors will also watch for developments fro
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