Sector movers: Findel lifts retail despite lower profit expectations

23rd Apr 2010 12:14

At the end of what has been quite a busy week for retail stocks, home shopping group Findel is helping to lift the sector higher, even after lowering its profit expectations.Benchmark profit before tax will be between £16m to £17.5m after the group's educational supplies division expectations were hit by a decline in sales. Trading performance at Home Shopping and Healthcare divisions were in line with expectations.Prudential is weighing on the insurance sector. The company said today that it will announce the price of its $20bn rights issue to fund the acquisition of AIG's Asian (AIA) businesses on 5 May.Top performing sectors so far todayIndustrial Engineering 4,927.85 +1.95%Travel & Leisure 4,940.38 +1.95%General Retailers 1,797.53 +1.90%Alternative Energy 6,531.05 +1.71%Food & Drug Retailers 5,084.09 +1.57%Bottom performing sectors so far todayTechnology Hardware & Equipment 445.66 -0.67%Life Insurance 3,678.79 -0.55%Health Care Equipment & Services 3,688.93 -0.04%