RBS, Lloyds and Barclays slump after general election leads to hung parliament
Banks, retailers, media and housebuilders are the biggest fallers on the FTSE 100 on the shock news of a hung parliament
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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Banks, retailers, media and housebuilders are the biggest fallers on the FTSE 100 on the shock news of a hung parliament
Prime Minister Theresa May has accused tech giants of providing a "safe space" for terrorist activity
For the year to March 31, the FTSE 250-listed company posted pre-tax profits before one-off items of £75.4mln, down from £81.5mln a year earlier, although that was slightly ahead of market expectations for £74.8mln
Cash flow was strong and the M&S dividend maintained at 18.7p
M&S reported a pre-tax profit before one off items of £613.8mln for the 52 weeks to April 1, down from £690mln a year earlier, but ahead of the consensus forecast of £593mln
Investments and investor services
The FTSE 100 index closed up 29.61 at 7,514 with easyJet the biggest gainer
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Analysts are worried clothing arm is relapsing in spite of vow to fix it by Steve Rowe
Despite events, the FTSE 100 remained relatively strong throughout the day but ended lower
The pound has given up some of its recent gains, which has helped the internationally-focused firms on the FTSE 100
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Week ahead: Marks & Spencer, Dixons Carphone, Kingfisher, De la Rue...
Google has tried to soothe advertisers' woes about extremist content by making changes to its technology
The bulls could not quite push the top-share index above 7,400. Tomorrow they'll have a harder job with ex-div stocks lopping about 14 points off the Footsie
Norman, who stepped down as chairman of broadcaster ITV in January 2016 will succeed Robert Swannell, whose retirement was announced in December
London's top tier index rose 22 points to 7,270.88 at 2.38pm after a better-than-expected US non-farm payrolls report
Jordan Hiscott, chief trader at Ayondo Markets pointed out: “The dominance of Next was once undisputed. Back in 2010, the firm regularly outperformed its industry peers, thanks to its strong presence on high streets and in out of town store
Jill McDonald, who has been appointed to the new role of Managing Director, Clothing, Home & Beauty at M&S, will have overall profit and loss accountability for all aspects of the group’s non-Food business
The FTSE 100 closed up 46 at 7,250 on the day with Intertek the biggest gainer
The bullish stance and 410p a share price target was predicated on Marks’ move further into food and the shift away from clothing
Friday was a bit of a wash-out, with the Footsie ending little changed after a rough week
The retailer said the store openings include new Foodhalls on Bishopsgate, London, in Huntingdon, Aylesbury, Spinningfields, central Manchester, and Strood in Kent