Lower interest receipts are already dampening GUS's figures.
So long, GUS - or alternatively, CIS transit gloria mundi.
But how fair the GUS move is depends on the investor's tax position.
The defensive quality core of Marks and Spencer, Boots and GUS - which accounts for more than half the sector's weighting - has just outpaced the market.
Such strong names as Marks and Spencer, GUS and Boots are benefiting from the protection afforded them by brand franchises, cost advantages and the difficulties any upstart rival would find in entering their established markets.
GUS 'A' shares lost 33 to 1560p.
This helped Vickers rally off the bottom to end 10 down at 166p on a hefty turnover of 3.8m. Stores were generally firm, but Great Universal 'A' (GUS) gave up most gains, closing 2 up at 1430p.