FTSE LIVE: Political turmoil dents shopper confidence; Shoe Zone boss steps down


FTSE LIVE: Political turmoil dents shopper confidence; Shoe Zone boss steps down amid profit warning; UK stocks on the rebound

  • GFK consumer confidence index slid from -11 to -14 this month 
  • The boss of Shoe Zone has quit suddenly as the retailer warns on lower profits 
  • UK stocks are in the green in early trading, up 0.27 per cent at 7,203.67 

Nick Davis, the boss of Shoe Zone, has quit suddenly, stepping down as the retailer warned profits will be below expectations amid challenging conditions on the high street. 

Shoe Zone’s struggles are reflected in data released today by GFK, which shows that households are feeling increasingly gloomy about their personal finances and the strength of the wider economy. 

Shopper sentiment slipped from -11 to -14 in August in a sign that the political turmoil is playing on consumer’s minds.   

At the open: UK stocks are in the green in early trading, up 0.27 per cent at 7,203.67

At the open: UK stocks are in the green in early trading, up 0.27 per cent at 7,203.67

 





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