Market Report: Despite the rise in consumer spending, the big grocers struggled

Brits are going shopping again but not everyone on the high street is feeling the benefit.

Figures for January from the British Retail Consortium (BRC) yesterday showed the best growth in consumer spending since March 2010. Sports Direct, up 23p to 708p, Debenhams, 3.8p to 77.7p, and Marks & Spencer, 15.3p to 485.6p, were among those to gain. Also given a lift were the B&Q owner Kingfisher, up 11.7p to 376.8p, and the Argos and Homebase owner Home Retail Group, which rose 9.6p to 190.4p.

But supermarkets had a torrid time. The BRC numbers showed a fall in sales at food outlets, while a report from Kantor Worldpanel found that grocery market growth was slowing. J Sainsbury checked out 7.3p to 348.9p, Tesco slipped 5p to 318.7p and WM Morrison fell by 3.1p to 237.2p.

With gold and silver prices still on the up, Fresnillo and Randgold Resources had a second day of big gains. Fresnillo dug up 49p to 911.5p, while Randgold added 175p to reach 4,705p.

Investors got behind the board shake-up at catalytic converter maker Johnson Matthey. The company named the former BG Group executive Den Jones as its new finance chief yesterday, following the news last month that long-serving chief Neil Carson was leaving. Johnson Matthey revved up 102p to 3,280p.

Barclays was in the doghouse after reporting fourth-quarter numbers that made for "uncomfortable reading", according to Ishaq Siddiqi at ETX Capital. The bank trailed the blue-chip index, down 10.3p to 264.7p.

The benchmark FTSE 100 index was up 76.47 points at 6,668.02.

On the mid-cap index, copper miner Kazakhmys saw its value balloon on news of the devaluation of Kazakhstan's currency, the tenge. But broker Liberum Capital warned investors that "the last major tenge devaluation in 2009 saw a subsequent sharp inflation spike, totally eroding any initial benefits". Kazakhmys added 31.4p to 208.4p.

Michael Spencer's embattled broker-dealer Icap was given a boost by the investment bank Goldman Sachs, which reckons any weakness is now priced in. Icap sailed up 15.5p to 414.5p.

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
Life and Style
Suited and booted in the Lanvin show at the Paris menswear collections
fashionParis Fashion Week
News
i100
Arts and Entertainment
Kara Tointon and Jeremy Piven star in Mr Selfridge
tvActress Kara Tointon on what to expect from Series 3
Voices
Winston Churchill, then prime minister, outside No 10 in June 1943
voicesA C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
News
i100
News
An asteroid is set to pass so close to Earth it will be visible with binoculars
news
News
ebooks
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Tax Assistant

Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...

Recruitment Genius: Outbound Sales Executive - OTE £25,000

£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...

Ashdown Group: Java Developer / J2EE Developer - Watford - £45,000 - £47,000

£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...

Ashdown Group: Marketing Product Manager - (Financial Services) - SW London

£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

Day In a Page

Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project