London's FTSE 100 was down 0.8% to 7,813.02 in afternoon trade on Wednesday as traders booked profits following record highs in the previous two sessions. Marks & Spencer was the standout gainer as its proposed revamp of the business trumped a better-than-expected 5.4% fall in annual profits as margins at the retailer's food business were squeezed by the rising cost of ingredients. After including a huge £514m of exceptional costs, mostly related to a £321m provision for the cost of the ...Den vollständigen Artikel lesen ...