Reuters – Hedge funds hunting profits from falling share prices are circling many of Britain’s biggest retailers after deep pre-Christmas discounting failed to tempt shoppers to splash the cash in the festive season.
Lacklustre festive spending is expected to blight a wave of New Year trading figures from Marks & Spencer, WHSmith, Carpetright, Home Retail Group and Mothercare, who have all suffered a spike in the volumes of stock out on loan, a key indicator of short-selling interest.
