Look beyond 'depressing' retail figures: Henderson

Henderson's Trevor Green believes investors should not read too much into today's "depressing" results from retailers, saying they do not adequately reflect the outlook for the entire sector.

Shares in both JJB Sports and Game Group have fallen 10% today on poor retail figures, leading the peer group lower in early afternoon trading. Green, who manages the equity portion of the £337m Henderson Managed Distribution fund, says the "two depressing retail statements" are not reflective of the broader market. "Both JJB Sports and Game Group companies have struggled for a while now and with the UK consumer spending outlook remaining tough these two are going to have to focus on self help to turn their fortunes round," Green says. "However, one should be careful not to read to...