FTSE 100 closes lower after another day of unease on Brexit and trade
The UK's premier blue-chip index closed down around 12 points at 7,004
Company
LON:MKS
Marks and Spencer Group is a retailer of clothing, food and home products in the United Kingdom. The Company has 622 stores, including Simply Food franchise stores, as well as an international business.
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The UK's premier blue-chip index closed down around 12 points at 7,004
The furniture maker is said to have filed a notice of intention to appoint accountancy firm, Grant Thornton, as administrator
Retailers are hoping customers spend enough over Black Friday, Cyber Monday and Christmas to boost sales after a difficult year
Builders and building materials
According to data published by Castellain Capital, the ‘shorters’ started building their positions in January, which, coincidentally, was the month debt-laden construction group Carillion was liquidated
Investments and investor services
The UK's premier share index closed up around four points at 7,038, while the FTSE 250 shed almost 248 points at 18,662.
Archive
The day ahead includes first half results from Royal Mail and a third quarter trading update from Bovis Homes
Investments and investor services
The focus is now on the Federal Reserve meeting later. The interest rate announcement is set for 7.00pm, UK time
Russ Mould, investment director at AJ Bell said: “Marks & Spencer needs to live up to its reputation of quality products while also being more competitive on pricing"
M&S reported declines in food and clothing sales in the first half as it carried out its store closure programme
The UK's premier benchmark index finished over 76 points higher, or 1.09%, at 7,117
First-placed Marks and Spencer will be looking over its shoulder very soon as well
Archive
The latest interest rate decision from the Fed will be vying for attention as markets digest the results from Tuesday's midterm elections
FTSE 100 closed marginally higher but mid-cap cousin FTSE 250 plunged nearly ten points.
Archive
Aside from the US elections and Fed policy meeting, updates from UK blue-chip retailers J Sainsbury, Wm Morrison Supermarkets and Marks & Spencer should draw the most attention in the coming week
If video killed the radio star, ASOS, with a little help from its online peers, is killing off the high street
Karen Millen has bought some parts of Coast, including the brand’s website and UK department store concessions
Mary Creagh MP has written to the heads of companies with large clothing lines as part of an investigation into how the UK fashion industry can reduce its environmental footprint
Shares sales from major shareholders, especially those at a discount to the market price, are often seen as a sell signal, but the City still reckons there’s some money to be made with ASOS
Hardware & electrical equipment
Waning footfall and the wholesale closure of stores chart the switch from bricks and mortar to clicks and same-day delivery
Brent crude is up over 3% at $81.50 a barrel at the time of writing..