7th August 2012
Speculation that Marks & Spencer could become the target of a £6 billion takeover bid has seen the retailer move to the summit of the FTSE 100 Index risers board on Monday (August 6th).
Yesterday, the Daily Telegraph reported that financers at the Bank of America were looking at the possibility of providing a deal should a bid materialise.
The news saw M&S's share value gain 7.8p to stand at £3.48.
It the major movement in a subdued morning of trading which saw the markets settle again following the activity seen in the wake of the European Central Bank's announcements last Thursday to implement measures to save the euro.
The blue chip index stands around 15.6 points lower than Friday at 5771.6, reports The Press Association.
HMV's woes continued with the retailer's second high-profile resignation announcement in a week spooking investors. Its price dropped by a further four per cent to 35p.
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