M&S and HMV pulls FTSE further down

The benchmark FTSE 100 is currently down 4.10 points to 4,098.40 after UK stocks opened Wednesday morning on a pessimistic note, paced by shares of Marks & Spencer Group and HMV Group. Marks & Spencer Group the U.K.'s largest clothing retailer, dropped 13p to 322p after the clothing retailer said it predicts the British retail market to be restrained in the next twelve months. HMV, the owner of Waterstone's book stores, also dropped 8p to 153p. Meanwhile, HSBC Holdings climbed 7p to 768.5p after an analyst at Credit Suisse First Boston raised his recommendation for t...