viewMarks and Spencer Group PLC

Market Report: FTSE falls as dollar weakness strengthens pound

The FTSE 100 starts on the back foot this Tuesday as dollar weakness strengthens sterling. The London bourse is taking its lead from global stocks after the US imposed fresh sanctions on Chinese telecoms group Huawei.

Marks & Spencer (LON:MKS) is cutting 7,000 jobs over the next three months. The retailer said the coronavirus pandemic had made it clear there had a been a ‘material shift in trade’.

The UK’s biggest house builder Persimmon (LON:PSN) said its profits tumbled in the first half of 2020 as it feels the impact of coronavirus - reporting pre-tax profits down 43% to £292m. 

Carnival Corporation (LON: CCL) has been hit by a cyber attack which gained unauthorised access - including the download of certain data files. 

Eurasia Mining PLC (LON:EUA) has raised US$10mln via a placing  with the proceeds to be used to scale up production in Russia. 

NQ Minerals (AQSE:NQMI) (OTCQB:NQMLF) strikes gold - returning an average grade of 3.2 grams per tonne at the Beaconsfield gold mine in Tasmania, Australia.

And finally - Gaming Realms (LON:GMR) said it has continued to trade ahead of market expectations for the full-year, swinging into positive earnings territory for the first half of 2020

Quick facts: Marks and Spencer Group PLC

Price: 145.45 GBX

Market: LSE
Market Cap: £2.85 billion

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