Associated British Foods: Exane raises target price from 3600p to 3700p, keeping its outperform rating. Citi reduces target price from 3200p to 3100p, while upgrading to buy. AVEVA: Liberum Capital reduces target price from 1500p to 1400p and keeps a hold recommendation. Investec reduces target pric
Read moreMarks & Spencer's shares surged on Wednesday after the retailer impressed with a surprise increase in first-half profits, and while the market welcomed the bottom-line beat analysts raised concerns with a continued underperformance in clothing sales. Although the market was expecting a fall in profi
Read moreUK stocks rose on Wednesday as decent gains from Marks & Spencer, Meggitt, Tulllow Oil and AB Foods offset falls in the mining sector after yet more weak data from China. The FTSE 100 was trading 0.6% higher at 6,493 in morning trade. With the exception Japan's Nikkei index, Asian markets weaker ov
Read more** Marks & Spencer best performing & most active among top UK and European stocks after forecast beating rise in underlying H1 profit & a brighter outlook for non-food profit margins. ** Stock jumps 7 pct, poised for best day in more than 5 years. ** Some short-covering at work, trade
Read moreUK markets are set to open on a positive note on Wednesday, despite a generally weak performance from the US and Asia overnight. City sources predict the FTSE 100 will open around 42 points higher than Tuesday's close of 6,453.97. Asian markets, with the notable exception of the Nikkei in Tokyo, de
Read moreLONDON, Nov 5 (Reuters) - British retailer Marks & Spencer reported a 13th consecutive quarterly fall in underlying sales of general merchandise, hurt by unseasonably warm September weather. But the 130-year-old group did post on Wednesday a rise in underlying first-half profit for the fir
Read moreMarks & Spencer has unexpectedly increased its interim dividend as first-half results were much better than feared, with pre-tax profit flat and much improved cash flow. Even though warm weather in September led to like-for-like clothes sales falling 3.4% in the second quarter, group total sales adv
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