Stock Market Loser of the Day: Marks & Spencer


Marks and Spencer

Stock values for the clothing store, Marks & Spencer, plummeted almost $435 million (US) this week, as Chief executive, Marc Bolland heads for the guillotine:

Almost £270m was wiped off the stock market value of Marks & Spencer after it rushed out poor Christmas sales figures on Wednesday night.

Growing fears of a damaging boardroom split sent shares in M&S down by over 4.5% on Thursday, to 353p, as the City gave its verdict on the disappointing performance at Britain’s biggest clothing retailer over the festive season.

Read More At The Guardian



You can be the first one to leave a comment.


Leave a Comment