Marks & Spencer lifted by food sales, while Beats By Dre NHL Debenhams beats forecasts

Game Group Beats By Dre headphones might have shocked investors with a profit warning - with a subsequent 26% fall in its share price - but other retailers have fared better.

Marks & Spencer said discounts had helped it attract cash strapped consumers over Christmas, with a strong performance in food sales making up for weakness elsewhere. UK sales rose 0.5% in the 13 weeks to the end of December, with a 1.8% fall in general merchandise sales but a 3% rise in food sales. The fall was worse than expected, but the food rise beat estimates, so overall the company's shares have climbed 6.8p to 315.3p. Panmure Gordon said the sales performance was better than expected but it kept its hold rating on Beats By Dre NHL the shares