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10:56am BST

World markets

Shanghai 3,064.08 +2.13 (0.07%)
S&P 500 2,398.42 +4.40 (0.18%)
Nikkei 225 19,742.98 +129.70 (0.66%)
Hang Seng Index 25,428.50 +25.35 (0.10%)
TSEC 10,044.42 +36.58 (0.37%)
EURO STOXX 50 3,591.80 -3.23 (-0.09%)
CAC 40 5,344.57 -3.59 (-0.07%)
S&P TSX 15,476.94 +18.48 (0.12%)
S&P/ASX 200 5,769.00 +8.80 (0.15%)
BSE Sensex 30,325.86 -39.39 (-0.13%)
SMI 9,056.88 -4.88 (-0.05%)
ATX 3,182.06 -1.07 (-0.03%)
IBOVESPA 62,662.48 +988.99 (1.60%)
SET 1,566.15 +1.46 (0.09%)
BIST100 98,438.92 +721.45 (0.74%)
IBEX 10,916.80 +0.50 (0.00%)
WIG 60,488.44 +80.74 (0.13%)
TASI 6,924.49 -11.88 (-0.17%)
MERVAL 20,583.24 -3.63 (-0.02%)
IPC 49,042.52 +99.06 (0.20%)
IDX Composite 5,703.43 -27.18 (-0.47%)

Currencies

GBP/USD 1.2986 +0.0029 (0.23%)
GBP/EUR 1.1617 +0.0028 (0.24%)
GBP/JPY 145.1984 +0.1327 (0.09%)
GBP/HKD 10.1149 +0.0250 (0.25%)
GBP/CNY 8.9479 +0.0209 (0.23%)
GBP/AUD 1.7377 +0.0036 (0.21%)
M&S annual profits fall by 64% as revamp costs bite
Profits at Marks and Spencer fell by almost two thirds to �176.4m last year following a costly business overhaul. The retailer said that a decline in clothing sales and higher costs from opening new food stores were partly to blame for the 64% fall ...
Marks & Spencer pre-tax profits tumble 64pc  
M&S profits drop sharply on revamp costs and lower clothing sales  
Market Chart
7,500.94 +15.65 (0.21%)
19,949.52 +29.40 (0.15%)
4,106.49 +8.04 (0.20%)
4,644.60 +26.12 (0.57%)

Top stories

Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise.
The Bank of England governor, Mark Carney, has fallen victim to an online prankster who got him to joke about one of his predecessor's supposed drinking habits.
This morning, though, M&S let investors see the recent past. And if the future's bright, the past is not so much orange as hot pants gold: affected by the legacy of an unfortunate clothing strategy, that saw the retailer market said pants to its ...
The Government borrowed a surprise �10.4bn last month in the final update on its finances before the general election. The Office for National Statistics (ONS) said public sector net borrowing, excluding State-owned banks, rose by �1.2bn in April to ...
Sales at mobile phone retailer Dixons Carphone rose 4% for the year to April despite what it calls "a lively political backdrop".

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