M&S down 35% July 7th, 2008

Marks & Spencers share price has fallen 35% since last Monday. Losing another 4% today, analysts expressed concerns that profits could fall by more than one third this year. In 2007 M&S made £1bn, but 2008 could see this drop to as low as £600m. Such news has made the market very cautious about the stock and has left the retailer with a lot of work to do to regain investor confidence.