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...Ocado raised the prospect of taking legal action for the first time on Thursday, as the group reported an annual pre-tax loss of £394mn on sales of £2.7bn....
...and the regeneration of our towns and cities,” M&S said on Friday....
...“I’m very grateful to Katie for her support in seeing M&S through this important period in the reshaping of the business....
...Losses in large technology stocks dragged US stocks lower on Friday, as investors assessed the situation in the Middle East, with tensions between Israel and Iran rising....
...Little wonder that a report claiming it was on the cards sparked the odd frisson. As purveyor of the nation’s undies and groceries, M&S is a British institution....
...Energy stocks rose on Wall Street as the price of oil ticked higher and Morgan Stanley’s analysts turned bullish on the sector....
...“We quite like what they do, but in terms of competing they’re not as important to us as Sainsbury’s and Aldi,” a senior M&S employee said....
...Rating agency S&P Global has downgraded its credit rating for Israel, citing escalating geopolitical tensions in the Middle East as a result of the country’s war against Hamas in Gaza....
...Gains for stocks accelerated in the final hour of trading to leave the S&P 500 up 0.9 per cent on Wednesday....
...nutrition portfolio, which includes products such as baby food....
...South Korea is not alone in confronting a “baby bust” (“S Korean workers wooed with $75,000 baby bonus”, Report, April 2)....
...But the point is this: S&P believe Paramount is on a deleveraging path, and they’ll continue to rate them as investment grade as long as they can retain that belief....
...On a long-term view, some of the FTSE 100’s less glamorous members, companies such as Compass, Intertek, Relx, Experian and Diploma as well as Bunzl and Howdens, have performed far better than the household...
...In each of them . . . . . . the engagement partner’s name is required to be reported consistently on all Form APs with the PCAOB, unless the individual has changed his or her name....
...The S&P 500 retreated from a record high to start the second quarter of 2024 on the back foot, with Treasury yields rising as resilient economic data prompting traders to reassess their bets on rate cuts...
...Kering slumped 12 per cent on Wednesday. But shares in LVMH, Richemont and Dior were off too, on fears that the softening of China’s luxury growth might turn into a crash....
...The benchmark S&P 500 fell 0.2 per cent on Thursday afternoon, notching five straight daily losses for the first time since October....
...The S&P 500 retreated from a record high to ultimately start the second quarter of 2024 on the back foot, with Treasury yields rising as resilient economic data prompting traders to reassess their bets on...
...The benchmark index closed 0.1 per cent higher on Wednesday afternoon in New York as just over half of its constituent stocks rose....
...Shares in M&S, which more than doubled last year, fell 4 per cent to 266.1p by lunchtime on Thursday, while Tesco shares fell 1 per cent to 294.5p....
...The S&P 500 declined on Thursday, headed for its fifth straight loss since October....
...Bernstein analyst Bruno Monteyne said that while the company’s legal arguments were in his view sound, the situation would remain uncertain for another 1-2 years....
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