FTSE boosted by retailers as Next upgrades guidance

London stocks had pushed into the black by midday on Thursday following a lacklustre start, with retailers on the rise after well-received updates from the likes of Next and B&M. The FTSE 100 was up 0.4% at 7,613.35.

On the macro front, investors were mulling the latest reading on the UK services sector, which showed it remained in contraction territory at the end of last year.

The S&P Global/CIPS purchasing managers’ index for the sector rose to 49.9 from 48.8 in November, coming in below the initial estimate of 50.0, which is also the level that separates contraction from expansion.

Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.

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