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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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Courts Business Heathrow Place: London Person: Taylor Wimpey Organisation: FTSE Organisation: Marks & Spencer Organisation: M&S Organisation: Panmure Gordon Organisation: Sainsbury Organisation: Morrisons Organisation: B&Q Organisation: Kingfisher Organisation: Barratt Developments Organisation: Persimmon Organisation: AstraZeneca Organisation: Seroquel Organisation: Glaxosmithkline Organisation: Vedanta Resources

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