After the initial shock of the EU referendum result, shares in retailers including Next and M&S have begun to recover, though Carpetright's share price has dropped by a fifth amid warnings of reduced consumer confidence.
Shares in retailers including M&S, Next, Sainsbury's and Tesco rose this morning as stock markets began to scramble back some ground following the uproar of Friday's Brexit vote. M&S' share price was up 5.1%, Next up 8.4% and Tesco +3.5%.

However, it wasn't all good news, with Carpetright announcing its sales had dropped 1% in the eight weeks to June 25, as its share price fell -8.4%. The home furnishing retailer's chief executive Wilf Walsh said the company's outlook had been made "complicated" by the outcome of the EU vote. He added: "We are cautious about the impact the associated uncertainty will have on consumer confidence."

May was tough for the retailer, with like-for-likes falling 7.6%, though June brought a 6.3% rise. Profits were up 33.1% to £17.3m, with UK like-for-likes up 2.8% for the 52 weeks ending April 30.