(philip.waller@wsj.com)---UK Retailers Drop After Mixed Sales, Services Data1245 GMT - U.K. retailers such as B&M European Value Retail, Tesco and Kingfisher are among the biggest FTSE 100 fallers after mixed economic data. Meanwhile, the S&P Global/CIPS U.K. services PMI shrank to 49.5 in August from 51.5 in July, the lowest since January. "We still see upside in the shares... but await more positive trading conditions as the key catalyst," analysts write. CMC has been in this position before, the analysts note, pointing revised 2024 expectations which stand at a similar level to 2019 pretax profit. "This is in line with what peers have been saying at their half-year results last month, that they see de-stocking in corrugated packaging coming to an end," Citi analysts say a note.

Source: Wall Street Journal September 05, 2023 14:42 UTC