M&S shares down after disappointing trading

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Following disappointing trading results announced this morning, Marks and Spencer shares are sliding, extending its losing streak to four days.

Shares in the supermarket have reversed slight gains made at the open and are now down 1.6 per cent at around 289.3 pence, drawing closer to the post-crisis low of 255 pence it hit on June 24, the day after the UK referendum.

In the three months through July 2, the high street retailer suffered like-for-like sales declines in not only its struggling clothing operations but also its usually-solid food business.

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