Seymour Pierce cuts UK general retail sector

U.K. retailers are likely to be hurt by a slowdown in orders from European markets and the difficult trading conditions, said Seymour Pierce as it downgraded the general retail sector to "underweight". Photo: CorbisSeymour downgraded Europe's biggest home improvements retailer, Kingfisher, to "hold" from "buy" citing weaker trading in its core markets, including France, UK, China and Poland. The brokerage also cut its price target on Britain's second-biggest clothing retailer, Next, to 3,000

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