Trader at ETX Capital in London

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Retail shares weighed on the FTSE as a survey indicated non-food gross sales had fallen for the reason that begin of the yr.

The newest British Retail Consortium survey mentioned non-food gross sales fell zero.eight% within the January to March interval, as customers centered on shopping for necessities.

Shares in Subsequent dropped 1.1% in early commerce whereas Marks and Spencer was down zero.75%. The FTSE 100 index fell 10.08 factors to 7,338.86.

Within the FTSE 250, JD Sports activities rose three.four% after it posted an enormous rise in income.

Robust demand for its sportswear ranges was behind an 81% enhance in pre-tax income final yr to £238.4m.

On the foreign money markets, the pound dipped zero.05% against the dollar to $1.2409 however edged up zero.1% against the euro to 1.1730 euros.