British stocks struggle as M&S, Pearson dip

British stocks struggle as M&S, Pearson dip

On Tuesday, blue chip shares in Great Britain struggled, with Pearson PLC stocks swinging steeply lower on the eve of a $1 billion stake-selling deal. Meanwhile, Marks & Spencer Group PLC stocks sagged after the department-store operator released a trading update.

The FTSE 100 index UKX decreased 0.7% being worth 7,317.26, while only the basic materials group managed to gain. On Monday, the index tacked on 0.3%.

Pearson PLC PSON stocks lost 6.2%, though they had been up approximately 3% during early trade after the education and publishing company told it’s already selling its 22% stake in Penguin Random House for up to $1 billion to Bertelsmann SE, German media company, its joint-venture partner.

Marks & Spencer MKS stocks went down 3.5% because the giant retailer told that fiscal first-quarter 2018 like-for-like sales in Great Britain decreased 0.5%. As for food like-for-like sales, they dipped 0.1%, while home sales and clothing lost 1.2%.


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Saudi Arabia equities leap at close of trade

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European equities start lower with PMI in focus

On Thursday, European markets started lower because market participants paid attention to the publication of euro zone manufacturing as well as service sector activity data due later in the session…


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