FTSE on the up despite retail losses

Retail stocks were hammered on the London market today after a shock profits warning from Marks & Spencer.

FTSE on the up despite retail losses
Wed, 02 Jul, 2008 - 12:31

Retail stocks were hammered on the London market today after a shock profits warning from Marks & Spencer.

M&S – down more than 18% – painted a grim picture of deteriorating consumer confidence amid a sharp decline in first-quarter sales.

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CourtsBusinessHeathrowPlace: LondonPerson: Taylor WimpeyOrganisation: FTSEOrganisation: Marks & SpencerOrganisation: M&SOrganisation: Panmure GordonOrganisation: SainsburyOrganisation: MorrisonsOrganisation: B&QOrganisation: KingfisherOrganisation: Barratt DevelopmentsOrganisation: PersimmonOrganisation: AstraZenecaOrganisation: SeroquelOrganisation: GlaxosmithklineOrganisation: Vedanta Resources
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

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