CLOSING OF BUSINESS: UK economy grew 0.9% in November; Currys hurt by supply chain disruption; James Bond and Spiderman boost Cineworld
The FTSE 100 closed down 20.90 points at 7542.95 and the pound was at $1.37 against the dollar.
Britain’s economy has finally returned to pre-pandemic levels after growing 0.9% in November, a significant jolt from the previous month when it barely grew, according to the latest Office data. for National Statistics.
Electrical appliance retailer Currys has revealed sales fell over the peak holiday period, including by 6% in the UK and Ireland, with boss Alex Baldock admitting the market had been hit by ” uneven customer demand and disruption of supply”.
Cineworld ticket sales rebounded strongly in the second half of last year on the back of the popularity of action films No Time to Die and Spider-Man: No Way Home, although trade still remained sharp below pre-pandemic levels.
Official figures show GDP grew by 0.9% in November, meaning the level is now higher than in February 2020