M&S fails to spark the FTSE

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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 savings...

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