Corvus Capital Inc. 2007 Report & Accounts
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Interim Results for the six month period ended 31 March 2008.
Broker snap: Citi heaps more misery on M&S
04 Jul 2008
Shares in took another battering Friday morning after Citigroup downgraded is rating on the clothes and food retailer by two notches to 'sell' from 'buy' and cut its target price to 205p from 450p.
Following M&S's gloomy trading statement earlier this week, Citi said it is cutting its pre-tax profit forecasts for the company in the year to March 2009 by 17% to £730m.
M&S said Wednesday that first quarter UK like for like sales fell 5.3% and warned that tough conditions are here to stay for two years.
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