FTSE 100 virtually flat, as UK borrowing jumps and retail survey disappoints
London’s blue-chip shares index struggles for direction after economic data
FTSE 100 barely changed
UK public finances scarred by pandemic costs
11.22am: Demand short-lived after shops re-open
Retail sales were below expectations in recent weeks, according to the the latest CBI Distributive Trades survey.
Volume of sales was +18 between the end of April and the middle of May, a period when retailers were open but the hospitality and leisure rules had not been fully relaxed.
This was down from +20 previously.
UK CBI Total Distributed Reported Sales May: 43 (prev 30)
— LiveSquawk (@LiveSquawk) May 25, 2021