The FTSE 100 Index broke a week-long losing streak today as takeover talk in the property sector and early advances for US markets lifted blue-chip stocks.

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.

Frankie & Benny's owner Restaurant Group dived in value in the UK today after it revealed a sharp slowdown in sales in the run-up to Christmas.

Further signs of gloom on the UK high street emerged today with a report showing the number of retailers reporting downbeat trading hit its highest level in two years in the last three months of 2007.

The London market failed to extend its three-day rally today after a nervous session for shares in the leisure and mining sectors.

The FTSE 100 Index fell into negative territory today as trading fears in the leisure sector put blue-chips under pressure.

Shares across the restaurant sector were hit today after Tootsies owner Clapham House Group said dampened consumer spending and higher costs will knock its performance this year and next.

The owner of the Garfunkel’s restaurant chain today dispelled fears that diners were spending less on eating out after serving up record results.

London shares lost momentum today following earlier euphoria over the decision by HBOS to resist making a bid for Abbey National.

Financial stocks dominated the London market today after HBOS ended weeks of speculation by ruling out a takeover bid for Abbey National.