Stock Market Loser of the Day: Marks & 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.

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