M&S leads FTSE down

A warning from analysts that chipmaker Intel may have to lower its own production forecasts as well as continued nervousness over oil prices also acted to push shares down. M&S is off by 16.75p to 349.25p after investors indicated their dislike of Green’s proposed bid, which would see a deal financed by the issue of bonds and loans from investment banks. Mining groups were hammered by analyst notes forecasting an easing of commodities prices. Johnson Matthey, the chemicals specialist and largest provider of platinum for car exhaust catalytsts, is down 14.5p to 880p. Rio Tinto is...