The London market dived deep into the red today after gambling stocks were rocked for the second time in two months.

UK Yellow Pages owner Yell was today facing the possibility of new price controls after a watchdog said competition in the directories market was not working.

The widely anticipated bounce in London share prices finally materialised today putting back some of the billions wiped out in recent plunges.

M&S shares lost some of their sparkle today as investors took the opportunity to take profits after a strong run for the recovering blue-chip company.

The owner of UK telephone directory the Yellow Pages reported a strong first quarter today and said it was on-track to meet full-year hopes.

The FTSE 100 Index failed to move far from its opening mark today despite a boost from across the Atlantic and a string of positive corporate updates.