Marks and Spencer drags down FTSE

Shares in Marks & Spencer fell nearly 19% today after its worst Christmas trading figures for nearly two years heralded a miserable session for the FTSE 100 Index.

Marks and Spencer drags down FTSE
Wed, 09 Jan, 2008 - 17:45

Shares in Marks & Spencer fell nearly 19% today after its worst Christmas trading figures for nearly two years heralded a miserable session for the FTSE 100 Index.

The retail giant saw £1.6bn (€2.1bn) wiped off its value following the drop of 94.25p to 409.25p – nearly half the 749p high seen in the summer and the lowest price for more than two years.

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CourtsBusinessHeathrowPerson: Stuart RosePerson: RosePerson: JD WetherspoonEvent: ChristmasOrganisation: Marks and SpencerOrganisation: FTSEOrganisation: Marks & SpencerOrganisation: FootsieOrganisation: SainsburyOrganisation: TescoOrganisation: MorrisonsOrganisation: ArgosOrganisation: Home Retail GroupOrganisation: KingfisherOrganisation: Carphone WarehouseOrganisation: Tui TravelOrganisation: BPOrganisation: Frankie & BennyOrganisation: Restaurant GroupOrganisation: EasyJetOrganisation: FirstGroupOrganisation: GlaxosmithklineOrganisation: AstraZenecaOrganisation: GlaxoOrganisation: AstraOrganisation: ShireOrganisation: LonminOrganisation: BAE SystemsOrganisation: Marks
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