Morning Markets: M&S disappointment drags on FTSE

Early gains among financials offset disappointing Marks and Spencer results to see the FTSE marginally down 0.22% to 5,510.22 in early trading.

Banks RBS, Lloyds and Barclays have all risen this morning continuing yesterday's gains. Shares in RBS rose 2.68% to 36.35p while Barclays was up 1.19% to 301.65p and Lloyds saw an increase of 0.87% to 54.50p. But the risers were dragged down by disappointment over Marks & Spencer's trading statement, and falls for other leading retailers in sympathy. Shares in the store fell 18.9p, or 4.67%, to £3.86 in early trading. In the US, the Dow Jones closed down 0.11% at 10,572.02 points despite better-than expected factory orders, as weak home sales data dragged on the index. In Japan, t...