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FTSE 100 Live Nov 19: UK Retail Sales, Consumer Confidence Figures, Household Spending, UK Inflation, Alibaba Stocks, Shopping China, Kingfisher Update

News Snapshot:

Travel stocks bearish as Austria close, FTSE 100 down B&Q’s stronger sales figures didn’t stop owner Kingfisher’s share price from falling today amid City’s fears that weary DIYers are planning home renovations. The group, which also owns Screwfix, believes that ongoing industry trends caused by epidemics such as telecommuting will continue to support demand. The Q3 figures appear to support this, with B&Q’s similar sales still 17.1% higher than pre-pandemic levels and the broader company is forecasting top-of-the-line sales and profits through January of this year. Despite gaining market share and feeling confident about product availability, retailers across Europe fell…

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