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FTSE LIVE: Footsie higher; Sainsbury falls on approach to Home Retail

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In London, clothing retailers were in the red after Next blamed unseasonably warm weather for a ‘disappointing’ performance in the run-up to Christmas as it posted a fall in store sales and sharp slowdown in its Directory business. The retailer's shares dropped 5 per cent, or 350p to 6,840p after revealing that full-price sales fell 0.

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