China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
M&S rises on market talk of bid interest: traders
LONDON (Reuters) - Shares in Marks & Spencer (MKS.L) (M&S) gained over 2 percent on Tuesday, as traders cited market talk of possible bid interest in the retailer.
Rival department stores owner Philip Green, who was linked with a stakebuild in M&S in January, was again mentioned as a possible suitor, traders said.
M&S declined to comment, while the spokesperson for Philip Green was not immediately available.
Some traders doubted whether there was any truth to the speculation and instead pointed to a bounce ahead of the M&S annual general meeting on Wednesday.
At 5:33 a.m. EDT, M&S was up 0.9 percent at 219 pence, while the FTSE 100 lost 2.4 percent.
(Additional reporting by Mark Potter)
(Reporting by Michael Taylor)
