Rumours of a Marks & Spencer takeover by the Qatari Investment Authority boosted its share price by over 6.87% on Monday (398.1p). The Marks & Spencer share price had risen by as much as 9% earlier in the day.
Reports of the Marks & Spencer takeover originated from Sunday newspapers, however today it was claimed that sources close to the Qatari Investment Authority have indicated that the reports are false.
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