FTSE LIVE: Carpetright swings to a full-year loss; London stock recovers some lost ground

The FTSE 100 has rallied slightly this morning – 0.2 per cent to 7524 – after its dramatic 2.3 per cent plummet yesterday.

But struggling floorings retailer Carpetright has reported a full-year loss spearheaded by dwindling consumer confidence in the UK and increased competition.