CUT-PRICE stocks in the retail sector drew buying interest today amid hopes the worst of the expected sales downturn is now reflected in current valuations.
Primark owner Associated British Foods led the way after Goldman Sachs removed its “sell” recommendation and raised its target price by 30% to 1900p.
The shares, which hit a low of 1223p in the aftermath of September’s miniBudget, rallied by more than 3% or 51p to 1638.5p at the top of the FTSE 100 index risers board.
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'WE WON'T ALTER OUR APPROACH FOR DERBY'
SON SAYS SPURS MUST STICK WITH ATTACKING FORMULA TO SINK RIVALS
A classic in store with so much on the line for rivals
IT IS 20 years this week since Arsenal's 'Invincibles' won the league at White Hart Lane, crowning one of the finest campaigns in English top-flight history in the sweetest way possible.
City show they can flex muscle without Haaland
De Bruyne and Foden step up in star's absence to turn heat on Arsenal
Quins must find right tempo to keep title dream alive
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Thoma Bravo agrees $5bn deal to buy Darktrace
CYBERSECURITY firm Darktrace today became the latest business to quit the London Stock Exchange after it unveiled a $5.3 billion deal to be acquired by US private equity firm Thoma Bravo.
£100bn City exodus as companies sell up or move their main listing
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Move over Dire Straits, stadium pop is now fashion, fabulous and gay
I CONCEDED that this week belonged to one woman, on waking up Monday morning to be greeted by every news channel -leading with concurrent Taylor Swift stories.
My mixed-race identity is not your punchline
A NASTY debate has broken out online about how someone's mixed-race identity is impacted by which of their parents is white.
It's all we have left: the chance to end Arsenal's title hopes
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I am disappointed with Sadiq. I am furious with him
Mayoral candidate Natalie Campbell tells Ross Lydall about working for the royals, class in London and what the capital needs