M&S rises on possible bid interest

LONDON (Reuters) - Shares in Marks & Spencer (MKS.L: ) (M&S) gained over 2 percent on Tuesday, as traders cited market talk of possible bid interest in the retailer. Rival department stores owner Philip Green, who was linked with a stakebuild in M&S in January, was again mentioned as a possible suitor, traders said. M&S declined to comment, while the spokesperson for Philip Green was not immediately available. Some traders doubted whether there was any truth to the speculation and instead pointed to a bounce ahead of the M&S annual general meeting on Wednesday. At 10:33 a.m., M&S was up 0.9 percent at 219 pence, while the... [read full story]