The FTSE 100 closed down 1% Thursday weighed by the banking sector after Barclays noted a challenging end to 2023 for its investment banking division, while Citigroup also warned of a similar slowdown in revenue. COMPANIES NEWS:Marks & Spencer Expects to Meet Market Views After Strong Christmas PerformanceMarks & Spencer said it expects its full fiscal-year results to meet market views after a strong performance over the key Christmas period. ---Tesco Lifts Guidance After Strong Christmas PeriodTesco upgraded its fiscal 2024 guidance for the second time after it saw stronger-than-expected volume growth in the U.K. market during Christmas. ---Robert Walters Backs Pretax Profit Guidance Despite Fee Income FallRobert Walters reported a 13% fall in net fee income for the fourth quarter of 2023 but backed its full-year pretax profit guidance. ---Darktrace Raises Revenue, Margin OutlookDarktrace raised the guidance for revenue and its earnings margin after booking significant growth in the first half.

Source: Wall Street Journal January 11, 2024 17:51 UTC