FTSE rallies despite M&S let-down

Inter-dealer broker ICAP has rocketed 7.88% to 431p after reporting record revenue and profit for last year, buoyed by winning acquisitions. Revenue for last year to 31 March rose 23% to £1,601m while pre-tax profit climbed 2% to £281m. In a positive morning for miners and resources companies, Xstrata gained 7.04% to 661p, Anglo American is up 5.85% to 1575p, while Invensys has added 5.32% to 247.5p. However, Marks & Spencer Group is the biggest loser so far, plunging 7.07% to 315.25 after revealing a final dividend cut of a third. The retailer saw a hefty drop in pre-tax profits to £7...