Marks & Spencer shares climb on Berenberg upgrade after strong Christmas food sales
Marks & Spencer shares rose 2.4% to 353.2p after Berenberg upgraded the stock to “buy” and raised its target price. M&S reported a 6.6% rise in underlying food sales for the holiday quarter, but like-for-like sales in Fashion, Home & Beauty fell 2.9%. Full-year profit guidance was maintained. The shares had already jumped 5% Thursday after the trading update.