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Marks and Spencer loses 12% in wake of Wednesday's results | Marks and Spencer loses 12% in wake of Wednesday's results |
(35 minutes later) | |
(Noon): London shares remained flat overall in noon trading but Marks & Spencer lost another 1% after its profit warning on Wednesday. | |
That takes shares in Marks & Spencer to 386p - a 12% fall from the 440p they were at before new boss Steve Rowe warned profits would take a short-term hit under a turnaround plan. | |
The FTSE 100 was unchanged at 6,266.53 points. | |
Oil lost its gains made on Thursday with Brent crude at $49.18, down 0.8%. | Oil lost its gains made on Thursday with Brent crude at $49.18, down 0.8%. |
Shares in Rio Tinto and Glencore gained further to stand more than 2% higher, but Antofagasta reversed its early gains to lose more than 1%. | Shares in Rio Tinto and Glencore gained further to stand more than 2% higher, but Antofagasta reversed its early gains to lose more than 1%. |
On the currency markets, the pound was down slightly against the dollar at $1.4654, but was up a touch against the euro at €1.3121. | On the currency markets, the pound was down slightly against the dollar at $1.4654, but was up a touch against the euro at €1.3121. |