UPDATE 1-M&S a bright spot as big oil, miners knock FTSE off record high [Reuters (UK)]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
UPDATE 1-M&S a bright spot as big oil, miners knock FTSE off record high | Reuters Reuters Staff 4 Min Read * FTSE 100 down 1.1 pct * Pound falls on weak inflation * M&S rises after full-year update * Commodities a drag (Adds quotes, closing prices) By Kit Rees and Julien Ponthus LONDON, May 23 (Reuters) - The UK’s top share index was knocked down of its highs on Wednesday and sustained its biggest loss in two months as oil majors and commodity-related stocks fell but well-received results made Marks & Spencer a bright spot. The blue chip FTSE 100 index closed down 1.17 percent at 7,785.08 points. A surprise fall in British inflation pushed sterling to its lowest level against the dollar this year but failed to provide any tailwind to companies whose revenues are in foreign currencies. “Signs of dAŠtente between the U.S. and China have decreased, reviving the great trade war fear, while the deterioration in Japanese and eurozone PMIs have sent chills down the spines of those hoping th
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