Market Report: High street slowdown fears

 

Figures reveal that sales have slowed to their weakest rate in six months in May, and the European Central Bank’s decision to raise rates to 4 per cent yesterday added to the jitters on the high street. Next slipped 71p to 2,123p, Home Retail Group was off 16.75p at 460.25p and Marks & Spencer fell 19p to 674p on fears that higher rates will slow consumer spending.

 

By Martin Huckle