FTSE CLOSE: UK stocks remain on a downward spiral; Dixons Carphone maintains full-year forecasts; Bovis Homes cashes in on Help to Buy
The FTSE 100 closed down 64.32 points at 7318.96 and the pound was at $1.29 against the dollar.
Dixons Carphone said today that group like-for-like sales were flat in its first quarter as it held firm on its full-year forecasts. In the UK, where total sales fell 2 per cent, the retailer was held back by slower sales of computers and white goods, despite enjoying a World Cup-related boost.
Bovis Homes has become the latest housebuilder to shrug off uncertainty in the property market this week by posting a hefty rise in half-year profit.