{"id":7553,"date":"2021-02-19T09:25:12","date_gmt":"2021-02-19T09:25:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/19\/ftse-100-struggles-for-direction-as-retail-sales-tumble\/"},"modified":"2021-02-19T09:25:12","modified_gmt":"2021-02-19T09:25:12","slug":"ftse-100-struggles-for-direction-as-retail-sales-tumble","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/19\/ftse-100-struggles-for-direction-as-retail-sales-tumble\/","title":{"rendered":"FTSE 100 Struggles For Direction As Retail Sales Tumble"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks were struggling for direction on Friday, with rising bond yields, retail sales data and corporate news in focus. <\/p>\n<p>The benchmark FTSE 100 was marginally lower at 6,615 after falling as much as 1.4 percent on Thursday.<\/p>\n<p>NatWest Group rose over 1 percent after confirming that it will withdraw from the Republic of Ireland.<\/p>\n<p>Daily Mail And General surged 5.3 percent after announcing the sale of its education <span class=\"landLinks\">technology<\/span> <span class=\"landLinks\">business<\/span>.<\/p>\n<p>Civitas Social Housing edged up slightly after securing a new seven year term, interest only, loan facility of \u00a384.55m from M&amp;G Investment Management Limited.<\/p>\n<p>Segro advanced 1.6 percent as it reported a 62 percent rise in 2020 pretax profit on the back of increased property valuations.<\/p>\n<p>U.K. retail sales volume declined sharply in January as tighter nationwide <span class=\"landLinks\">coronavirus<\/span> restrictions affected demand, the Office for National Statistics said.<\/p>\n<p>Retail sales volume decreased 8.2 percent month-on-month, in contrast to a 0.4 percent rise seen in December. Economists had forecast a 2.5 percent fall.<\/p>\n<p>Year-on-year, retail sales fell 5.9 percent, in contrast to a 3.1 percent rise in December. Economists had forecast a marginal decrease of 1.3 percent.<\/p>\n<p>The U.K. budget balance showed its biggest deficit for January on record due to higher government spending amid the pandemic, another report showed. <\/p>\n<p>U.K. PMI numbers will be out later in the day. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Struggles For Direction As Retail Sales Tumble<\/a><br \/>\n<br \/>2021-02-19 09:25:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks were struggling for direction on Friday, with rising bond yields, retail sales data and corporate news in focus. The benchmark FTSE 100 was marginally lower at 6,615 after&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-7553","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=7553"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7554"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}