M&S Finds Fans at Last to Top Footsie Climbers ; Market Round-Up

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SHOPPERS may be turning up their noses at its food and clothing ranges, but Marks & Spencer has finally found some friends in the City, just in time for tomorrow's AGM.

Its shares, which crashed by almost a third last week, turned the tide today to top the Footsie leader board with a rise of 15 1 / 4 p to 232 1 / 4 p. Traders were split as to the explanation for the resurgence, with some dismissing it as short-sellers closing their positions, noting that the percentage of M& S's stock on loan had fallen from 7% last Thursday to 6% today, while the more optimistic attributed the rise to renewed bid talk.

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M&S Finds Fans at Last to Top Footsie Climbers ; Market Round-Up

There was even a wild rumour that Topshop tycoon Sir Philip Green may be eyeing the retailer again after he and M& S boss Sir Stuart Rose were spotted chatting ...

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