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Market report: Profits slump at struggling Marks & Spencer as dividend cut and discounted rights issue unveiled featured picture

Market report: Profits slump at struggling Marks & Spencer as dividend cut and discounted rights issue unveiled

UK investors are on the front foot in early trade on Wednesday as they eye the promise of progress on a softer Brexit deal and are buoyed by firm markets in New York and Asia overnight. The benchmark FTSE 100 opens roughly 34 points higher at 7,362.92, closing on May highs of 7,385, and batting off a series of corporate announcement disappoints. They include Marks & Spencer ...
Market report: Tesco to pull out of home loans market while Galliford to cut workforce featured picture

Market report: Tesco to pull out of home loans market while Galliford to cut workforce

UK markets have started the day higher with the benchmark FTSE 100 up 0.5% to 7,350.4, bouncing back after yesterday’s blockbuster announcement from Google that it is barring Chinese smartphone marker Huawei from updates to its Android operating system. On Tuesday UK investors seem more willing to put ongoing Brexit uncertainty to one side as they concentrate on corporate news, led by a ...
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