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UPDATE 2-FTSE 100 extends opening gains.
(From FT Investor (Stories))
LONDON (FT.com) - London's blue-chip index traded higher on Tuesday morning, buoyed by merger talk and upbeat sales figures from high street retailer Marks and Spencer
The rise started in the financial sector but spread across the other heavyweight sectors - oils, telecoms and pharmaceuticals - and gainers outnumbered decliners by four-to-one after the first hour of trade.
The FTSE 100 traded 1.3 per cent higher at 3,828.9 and the FTSE Techmark made a similar percentage gain at 618.
M&S sales surge
Food and clothing retailer Marks and Spencer gained 5.4 per cent after it reported a 10 per cent rise in like-for-like sales in the 12 weeks to September 28, compared with an expected increase of 5 per cent to 5.4 per cent. M&S said it was gaining market share in clothing and food, but sales growth in September was lower than in July and August due to tougher comparatives and unseasonal weather. See more on M&S
Abbey rejects approach
- Some Abbey bonus rates slashed to zero; Abbey National Life, Scot Mutual and...
- Magazine article from: Financial Adviser February 12, 2003 700+ words
...have also been set to range from 0 per cent to 17.5 per cent. Abbey National blamed the decision on three years...bonuses of between 3 per cent and 4 per cent. For Scottish Mutual and Abbey National Life unitised pension plans on a single...
- Banking on a brand: Clare Dowdy talks to Abbey National head of marketing...
- Magazine article from: Design Week Dowdy, Clare April 25, 2002 700+ words
...focused was the push. So Abbey National introduced a brand...scope to challenge.' Abbey National put in place its own...for the new friendly Abbey National brand. In the past...increased by 1922 per cent. And people are going...
- Some success forthe building societies in 1993 despite their legal...
- Magazine article from: Management Accounting (British) Wells, David, H. April 1, 1995 700+ words
...performance of Abbey National 1993 appeared to...financially for the Abbey National Group, with the...increasing by 23 per cent to 390m [pounds...due to the 28 per cent growth in investment...Eurobond issues. Abbey National's profits were...
- N&P vote in favour of Abbey National bid
- Newspaper article from: The Independent - London NIC CICUTTI and KEN WELSBY April 12, 1996 700+ words
...pounds 1.35bn takeover by Abbey National at an extraordinary meeting...000 savers, more than 96 per cent of the total who voted at the...minimum of pounds 750 in cash or Abbey National shares, plus 7 per cent of their balances. Borrowers...
- Abbey National makes pounds 285m offer for FNFC
- Newspaper article from: The Independent - London JOHN WILLCOCK Financial Correspondent July 5, 1995 700+ words
...loan business, and 55 per cent of its business is from...share, 100p per 6.3 per cent convertible preference share and 189p per 7 per cent convertible preference share...sceptical: "It will make Abbey National a more risky institution...
- Britain's Abbey National Sued over Offshoot's Investment Scheme.
- Newspaper article from: Knight Ridder/Tribune Business News December 16, 2001 700+ words
...action has been launched against an Abbey National offshoot allegedly involved in a...promised returns of up to 25 per cent a month, with possible losses limited...the case told Financial Mail that Abbey National is likely to have to shoulder most...
- Abbey National business hires marketing director. (News).(Michael...
- Magazine article from: Precision Marketing Frankel, Hannah November 29, 2002 700+ words
Abbey National business is looking to...will drive forward the Abbey National business brand among small...objective of gaining 5 per cent of the market share by...Morley, director of Abbey National business, says: "Michael...
- Abbey Nat scraps bonuses as payouts plummet. (News).(Abbey National...
- Magazine article from: Money Marketing February 13, 2003 700+ words
Abbey National says it will not pay bonuses...Scottish Provident and Abbey National Life unless contractually...guarantees. Payouts across Abbey National Group's life companies...slashed by up to 25 per cent. The company has already...
