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

Trick or treat? The UK and global economy face their Halloween ghosts

Trick or treat? The UK and global economy face their Halloween ghosts

‘Wealth managers and market professionals are tiptoeing past economic graveyards’

Stephen Jones
clock 31 October 2025 • 4 min read
Why investors need to think about emerging markets a little differently

Why investors need to think about emerging markets a little differently

'Emerging markets are starting to look eerily similar to developed'

James Flintoft
clock 29 October 2025 • 3 min read
Watch PA's Working Lunch with Baillie Gifford: Acting your age – when growing up pays off

Watch PA's Working Lunch with Baillie Gifford: Acting your age – when growing up pays off

Catch up on the discussion

Professional Adviser
clock 29 October 2025 • 1 min read