Internet gambling stocks dragged the London market into the red today in the wake of anti-gaming legislation passed in the US.

The value of internet gambling shares plummeted today as the sector’s worst fears about legislation in the United States came true.

Retail group Marks & Spencer appointed a new chairman today to replace Paul Myners, who is to step down in 14 months.

Marks & Spencer chairman Paul Myners is poised to triumph over directors trying to oust him from the troubled retailer, it was reported today.

Technology stocks were under pressure today after software group Misys said conditions remained challenging in its key banking and finance markets.