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FTSE 100 off to a positive start; retail sales improve; Watches of Switzerland soars - Market Report

FTSE 100 off to a positive start; retail sales improve; Watches of Switzerland soars - Market Report

London's FTSE 100 enjoyed a better start on Tuesday following a slight dip at the start of the week.

Retail figures early on showed sales across the sector ticked up by 1% in August and outdid growth in July, driven by food products and aided by warmer weather.

Among companies, packaging firm DS Smith moved higher after reassuring investors a planned £5.8 billion takeover by International Paper was on track despite concerns it could be axed.

Watches of Switzerland soared in the meantime, having reiterated full-year guidance and highlighted improving conditions in the UK and US in its report.

And finally, Wizz Air also climbed after announcing passenger numbers hit a record in August despite ongoing groundings due to Pratt & Whitney engine issues.