UK Retail sales drop to 6-month low

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Source: Bloomberg

UK retail sales declined to 6-month low, as deteriorating economic outlook hit the consumption, reported British Retail Consortium. Sales in shops that are open at least one year lost 1.6% on a yearly basis, the biggest slump since May. Food sales added 1.5% while non-food trades edged down 2.1%. BRC's general director Stephen Robertson suggests the figures are quite pessimistic, especially amid forthcoming Christmas. 

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Tue, 06 Dec 2011 08:32:36 GMT

Natural gas futures declined on weather forecast

Natural gas futures tumbled on Monday to two-week low as investors were put off by mild weather forecast limiting the heating demand.  On the New York Mercantile Exchange, natural gas futures for delivery in January were traded at USD3.487 per million British thermal units at the early U.S. trade, losing 2.69% since opening.

Tue, 06 Dec 2011 08:04:58 GMT

Esprit stocks plunge as CEO resigned

Clothing retailer Esprit Holdings Ltd. which is struggling to recoup from massive drop in profits experienced biggest drop in stock price since October 12. Esprit Holdings Ltd listed in Hong Kong lost 10.7% after its CEO Chew Fook Aun reported his resignation. Esprit shares are 71% down on a yearly basis. Chew Fook Aun explained he is leaving due to personal reasons. 

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