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He emphasized more immediate pressures on the sector being the increase in VAT and rising costs of raw materials.

But while inflation of the prices of raw materials grabbed the headlines, said Mr. Jeary, he added that the pressure of increasing labour costs in the far East could become a more significant long-term trend.

Among its main "buys" were Burberry, in the light of its exposure to emerging and Dixons markets.Burberry discard p 4 at 10: 40 ￡ while Dixons declined 0.36 percent 26.15.

However, Mr. Jeary downgraded its position on Kingfisher sport BONAL, HMV, the Topps tiles to "sell" to "hold". write on Kingfisher, he said economic winds for the owner of B & Q seem renforcer.Compte increased concerns, he cut forecast profit in 2012 and 2013.

Kingfisher fell 4.9 to 244,6 p, while lost BONAL sports 0.3 to 6.12 percent, HMV throw ? 46?p and Topps tiles thread 1? to 60 percent.

But Mr. Jeary felt more optimistic on Marks & Spencer, upgrading the retailer to "buy" to "hold" and to maintaining a price target of 446 p.

He thought that factors such as the population of its customer base should help M & S to achieve gains in market share. M & S increased from 1.4 to 385?p.

Second linings, another retailer was also focus - Ocado. Grocer online acquired 6-151 p as investors stated if Wm Morrison supermarkets could be a potential suitor.Morrison added 3.9 277.9 p.

However, Clive Black, an analyst at coast capital was skeptic. "As always, never can never tell potential; business stories"for this is dangereux.Cependant, we would be surprised to see this result for a number of reasons," he said.

While the Morrisons has capacity grocery online, he cast doubt on the likelihood of imminent or premium submission. "As an agreement would be highly dilutive to earnings and capital; statements""Morrisonun mechanism expensive to enter the e-commerce," he said.

Aside, primary Ocado concern market yesterday was a concern that Europe debt crisis is spreading despite the denials Portugal was under pressure to find a Chinese renflouement.Inquiétudes interest rates once more too their head mounting.

At the end of a volatile day, the FTSE 100 recovered earlier losses to close points hereby 5668.7.FTSE 250 throw points 25.61 10809.43.

With a sense of proving the scrapie, banks and minors were on the red side of the index.

Antofagasta and Vedanta Resources lost 52 ￡ 13.25% and 68% to ￡ 20.75.However, take more great drum was Royal Bank of Scotland falling 2.17% 38.69.La Bank supported by the State was followed closely by Lloyd's Banking Group, lost 2.85 61.85 percent.

After topped the Thursday on news that U.S. business owner Simon Property may be interested, shopping centres (CSC) capital classification still wearing the yellow Jersey.The acquired property investor 20 to 401 p.Vendeurs long date, Panmure Gordon, increased their position on the SCC to "hold" to "sell", saying that they believed that many of their previous concerns had now been relaxed.

"Long term if the company remains publicly quoted future is improved with ownership of the Trafford Centre and a strengthened balance sheet," added the broker.

But the mid-cap company Segro, property that was checked in the wake of the CSC Thursday, fallen on profit taking excretion 284?p 5.8.

Return among blue-chips, BT was beaten just to the position by the telecommunications company SCC.La had devoted a large part of the day star at the news he sold a 5 5pc its participation in Tech Mahindra, an Indian IT services group.

Also give BT an elevator was an optimistic note Exane BNP Paribas, bidding price target of BT by 265 20pc p.Après a solid performance in the first half, analysts said they were predicting an increase in earnings per share by 2012 and 2013 18pc.

Acquired BT 7.3 174.2 percent.

Among second lining Telecity has charge.Actions data center provider were under pressure from the end, that Collins Stewart said presented a good opportunity to purchase.

"The price current attributes little value for the prospects of exciting growth for the next few years," said analystes.Telecity donning congenital 471?p.

In addition, there were still indignity for Betfair. after launched Investec on betting online activities Thursday with a rating of "selling", UBS suit Friday.

Analysts of the latter stated that the liberalization of international markets betting provided "growth important opportunity", but should be set against the risk of more tax IRAP and be pushed existing markets - as it happened in France.

Broker donning a price target of ￡ 12.50 Betfair has fallen from 71% to ￡ 14.00.

Purpose, oil Explorer BowLeven placed m 22 new shares, raise 72 million pounds to redouble their exploration in Cameroon.

BowLeven hangar 13-325 p.

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