In the UK the FTSE 100 Index has bounced back from its slip yesterday, claiming about 30 points to 5246.60 this morning, led by Marks & Spencer.
The high street retailer added 8.5p to 366.5p, despite a sales drop for the seventh straight quarter. The firm has announced plans to boost profitability and cut costs remain intact. Gus has also added 15p to 861.5p, following a higher than expected 10% increase in first quarter revenue for the Burberry brand in which it owms a 66% stake. Meanwhile HBOS has climbed 15p to 889.5p on reports its asset management firm Insight, will go on the hunt for European property, which could be up to €2bn. On the losing end Gas firm Centrica has decreased 2.5p to 224p, along with Scottish Power, do...
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