UK shares retreat amid weaker session for retail stocks

Business | Business News UK shares floundered on Tuesday after a disappointing session for London’s top retail stocks, as new data pointed to a festive sales flop for retailers. The FTSE 100 was trading lower, while other European indices were also in the red. The blue-chip index was down 10.23 points, or 0.13%, to close at 7,683.96. JD Sports, Marks & Spencer, Ocado and Kingfisher were among the day’s biggest fallers, while basic resources also lagged. The British Retail Consortium-KPMG Retail Sales Monitor showed weak consumer confidence continued to hold back spending in December, with total sales just 1.7% higher than a year…