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The French luxury group, led by boss boss Bernard Arnault (pictured), saw shares tumble as much as 7.5% on the Paris stock exchange.

In a vote of confidence for boss Stuart Machin (pictured), research group NIQ said 33% of households shopped at M&S for food and drink in the 12 weeks to October 5.

The former England footballer's wife Coleen is a brand ambassador for Applied Nutrition which was founded by Liverpudlian Thomas Ryder.

The Financial Conduct Authority said it has been 'concerned' about  pay monthly insurance deals - known as premium finance - for some time.

The Boston-based buyout group is reportedly in the early stages of putting together a bid for the 165-year-old British ingredients supplier.

The hospitality giant, which also owns Beefeater, Brewer's Fayre and Bar+Block Steakhouse, said revenues were flat in the first half of the year.