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The company has been vulnerable to a takeover bid as its fortunes have seesawed between a brief revival under the former chairman, Luc Vandevelde, and a renewed slide.
Gains in equities and a renewed slide in the dollar to record lows against the euro provided another excuse to cut prices in an otherwise featureless session, the first of only two full trading days this week.
Marks & Spencer took a battering from independent investors over poor designs and low pay at its annual shareholder meeting as it revealed a renewed slide in clothing sales this spring.
"The reality is that the situation is deteriorating quite quickly and that the chance of a double dip — of a renewed slide into recession — has risen substantially," he said, adding that he saw the odds of such a double dip as 50-50.
Its chief economist, Chris WIlliamson, said the data shows that the British economy faces "a renewed slide back into contraction" having grown by a punchy 1% in the last quarter.
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The news came after several days of fighting which have seen the country risking a slide into renewed civil war.
Crude prices were on the slide on renewed worries about falling demand, with Brent crude down 2.6% to $47.8 a barrel.
The dollar's sharp slide has renewed concern that investors worldwide were beginning to favor other currencies, foreign economies and commodities like oil and metals.
Germany has come under heavy pressure from its EU partners to abandon its veto on a huge rescue operation by the European Central Bank to prevent the eurozone from falling apart and the world from sliding into renewed recession.
Pollsters also attribute her slide to the renewed controversy surrounding the anti-semitic black comedian, Dieudonné M'bala M'bala.
Leicester renewed their pressure,and Morgan, sliding in at the far post, narrowly failed to get sufficient contact on the ball to turn it over the line.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com