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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/ms-web-boost-fails-to-lift-ftse.jpg"><img class="alignnone size-full" title="The FTSE 100 opened 11.4 points down at 6039.8" src="http://londonglossy.com/wp-content/uploads/2011/02/min-ms-web-boost-fails-to-lift-ftse.jpg" alt="The FTSE 100 opened 11.4 points down at 6039.8"/></a></p>
<p>Marks &#038; Spencer&#8217;s success in poaching a senior Tesco executive to run its internet business has caused the retailer&#8217;s shares to jump more than 1%.</p>
<p>The appointment of Laura Wade-Grey, which was announced after the market closed on Monday, should help chief executive Marc Bolland&#8217;s quest to lift web sales from £400 million to at least £800 million by 2013/14.</p>
<p>M&#038;S shares were 6.5p higher at 366.3p, although the FTSE 100 Index failed to extend gains seen on Monday as it retreated 11.4 points to 6039.8.</p>
<p>Bank shares were closely watched after Chancellor George Osborne announced he was making the levy on bank profits permanent, raising an extra £800 million this year and £2.5 billion every year.</p>
<p>Shares in Royal Bank of Scotland dropped 0.2p to 44p and Barclays fell 1.85p to 310.9p although Lloyds Banking Group edged 0.1p higher to 64.6p.</p>
<p>Thomas Cook shares were up 2% despite its warning that political unrest in travel hotspots Egypt and Tunisia would hit second-quarter profits by around £20 million. Analysts said the rest of winter trading update appeared positive as the stock lifted 4.2p to 197.7p.</p>
<p>Meanwhile, household products group McBride fell 8% or 11.5p to 136.6p after reporting a 26% drop in half-year operating profits.</p>
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