THE CHANCELLOR'S pre-Budget statement made little impact, with the market more concerned about the downturn at Marks & Spencer. A sharper- than-expected fall in interim profits and a warning of poor year's figures pushed the shares down 45p to 404p. The M&S setback created worries about Boots' interims tomorrow: the shares fell 28p to 861p.
Footsie lost early gains, ending 21.6 points down at 5,503.9, but supporting indices remained firm.
Derek Pain, page 25
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments