BUSINESS CLOSE: UK economy rose 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 agains the dollar.
The UK economy has finally returned to pre-pandemic levels after growing by 0.9 per cent in November, a significant jolt from the previous month when it barely expanded, according to the latest data from the Office for National Statistics.
Electricals retailer Currys has revealed sales declined over the peak festive period, including by 6 per cent in the UK and Ireland, as boss Alex Baldock admitted that the market had been impacted by ‘uneven customer demand and supply disruption.’
Ticket sales at Cineworld have recovered strongly over the latter half of last year thanks to the popularity of action movies No Time to Die and Spider-Man: No Way Home, though trade still remained significantly below pre-pandemic levels.
Official figures show GDP grew by 0.9 per cent in November, meaning that the level is now higher than in February 2020
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