BBC reports on falling confidence in M&S.
Shares in Marks and Spencer have fallen a further 4% after analysts predicted its profits could decrease by more than a third this year.
The decline, to 218 pence, means the retailer’s shares have lost 35% of their value since last Monday.
A falling share price is indicative of a loss in confidence by the city in a company. It also means that the value of the company has fallen too.
This means that the company may have trouble securing finance for expansion as they will not be able to borrow against the value of the company.
