The pound dropped at its sharpest pace against the dollar in nearly two years and stocks have jumped after Donald Trump said he had won a “magnificent victory for the American people” in the US presidential election. Sterling slumped as much as 1.4pc against the dollar to $1.285, its lowest level in two months, as traders scrambled to take advantage …
Marks & Spencer is on track to re-enter the FTSE 100 after shares jumped to a 19-month high as it revealed turnaround efforts were paying off. The retailer said it expects to post increased profits this year, having previously forecast a decline, pushing shares up as much as 9pc on Tuesday. It comes almost four years after it was ejected …
