FTSE 100 ends flat despite M&S gains

FTSE 100 ends Wednesday down very slightly despite major gains by retailer Marks and Spencer

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Wednesday, 18, Nov 2009 05:39

The FTSE 100 ended Wednesday down very slightly despite major gains by the retailer Marks and Spencer.

The London index ended on 5,342.13 – a drop of 3.80 points or 0.07 per cent.

M&S saw its stock rise 5.89 per cent during the day after the announcement it had secured Marc Bolland, chief executive of the supermarket chain Morrisons, as its new CEO.

Outsourcing specialist Capita Group recorded the biggest drop of the day, down over five per cent.

The company's latest trading statement saw its share price drop by 39.50 points, 5.19 per cent.

Cadbury also ended the day up by 1.21 per cent after speculation Hershey and Ferrero could be on the verge of launching a rival bid to Kraft's for the chocolate-maker.