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Takeover talk sets Marks & Spencer shares alight

Shares in Marks & Spencer rebounded 6.7%, or 14.5p, to 231.5p yesterday amid rumours of a looming takeover, as chief executive Sir Stuart Rose prepared for a potentially difficult annual meeting today.

Shares in Marks & Spencer rebounded 6.7%, or 14.5p, to 231.5p yesterday amid rumours of a looming takeover, as chief executive Sir Stuart Rose prepared for a potentially difficult annual meeting today.