Retail industry 'performing well' post-recession

28 January 2010

Written by Jeni Browne

Commercial mortgage holders could see improvements in the market as the UK retail industry emerges from the recession.

This follows claims from the chief executive officer of TD Waterhouse Angus Rigby, who said that a "spending spree" seems to have occurred among those investing in retail.

He explained: "Retail traders appeared to be looking to take advantage of the average 6.08 per cent fall in banking sector shares last week following Obama's proposals against proprietary trading."

There was also a 61 per cent growth in overall top ten trades noted this week. Almost three buys occurred per sale, Mr Rigby stated.

However, the utilities market may not be as positive, as United Utilities was one of the week's top ten sells following new rules on pricing implemented by Ofwat, he added.

A 0.1 per cent growth in the British economy during the final quarter of last year meant that the country could be officially declared out of the recession.

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