FTSE advancing on good retail news

Marks & Spencer shares were testing the 400p barrier today as investors welcomed strong signs of a revival at the high street retailer.

FTSE advancing on good retail news
Tue, 11 Oct, 2005 - 12:32

Marks & Spencer shares were testing the 400p barrier today as investors welcomed strong signs of a revival at the high street retailer.

The stock jumped 4% or 13p to 399.25p after M&S shocked investors for the right reasons – with a 1.3% jump in second quarter like-for-like sales and a forecast that profits would be at the upper end of market hopes.

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