The poor M&S Christmas sales showing led to a dour day for the FTSE 100, closing down 83.80 points (1.32%) to 6272.70.
Marks & Spencer’s festive struggles led it to the day’s largest loss, down 18.72% to 409.25. Carphone Warehouse was one of the stocks to subsequently slide in the M&S shadow, dropping 11.32% to 299.75. TUI Travel had its own misfortune after its parent firm announced a €500m equity issue fund raising. The tour group fell 14.22% to 218.75. In more positive news, Lonmin led a miner rally, closing 3.62% higher to 3380. BAE Systems also did well, finishing Wednesday up 3.05% to 507. In New York, Wall Street is on its way down this morning after a pretty promising start. The Dow Jones is sl...
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