M&S fails to spark the FTSE

clock

The FTSE 100 index is struggling to hold its ground again this morning and is down 21 points 0.37% to 5,875, as confidence about the profit potential of consumer giants Vodafone and Marks & Spencer is waning.

Vodafone has seen its share value drop 2 points or 1.67% to 117.75p after a stock recommendation downgrade to neutral from UBS. High street retailer Marks & has fallen 2p or 0.34% to 581p as sales at stores open at least a year are not as good as investors had hoped. And despite earlier losses, BHP Billiton, the world's biggest mining company, has made small headway to rise 2p or 0.19% to £10.63 but International Power has dropped 5p or 1.69% to 290.25p. Lloyds TSB has also lost 1.5p or 0.28% to 541.5p after ceo Eric Daniels suggested it will attempt to boost insurance sales and savi...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Wrestling with the idea of a new world order? Try European smaller companies

Wrestling with the idea of a new world order? Try European smaller companies

'Let me try to explain the case for calm'

David Walton
clock 16 March 2026 • 4 min read
Low-cost platforms spur one in three UK adults to invest

Low-cost platforms spur one in three UK adults to invest

Trading 212 the main beneficiary

Michael Nelson
clock 12 March 2026 • 2 min read
Understanding the investment appeal of the energy addition

Understanding the investment appeal of the energy addition

Positive change takes time

Tim Humphreys
clock 11 March 2026 • 4 min read