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I bought some E5 petrol yesterday from M&S and was charged 1.619 per litre , no wonder their profits are up , will never buy from them again , should have looked at price before filling my car. Tesco in future or Asda .
CEREUS: was this by any chance a BP operated petrol station containing a M&S shop. Not sure that M&S operate any petrol stations themselves. Motorway location perhaps?
Did not know BP run the forecourts at M & S outlets , and why it should be a lot more expensive than a stand alone BP garage a few miles away.
CEREUS: Depending upon where you purchase your fuel, there can be substantial price differential. I expect you purchased your fuel close to, or even on, a motorway where prices tend to be more expensive. I live near a marina where boat owners have to pay £1.81 to fuel their boats. It seems to be used a lot, but the convenience of the location for access to these pumps probably outweighs the premium prices.
The forecourts and buildings are BP. They use MKS goods by agreement
https://www.theretailbulletin.com/food-and-drink/marks-spencer-extends-convenience-store-agreement-with-bp-14-01-2022/
fuel costs have nothing to do with Marks.
I've used their outlet off the A3 on the way back from Guildford
a number of times without ever getting fuel.
What has hapened with the SP since the trading statement do we expect more downward trends or do we hold on to see if we get back to the £2.60 price
Postman007.
Slightly up earlier, slightly down now.
There were pleny of customers in the large M&S not far from where I live Saturday afternoon with queues at the tills. Best guess was the lack of a dividend announcement was why the sp dropped, what... 14% or so last Thursday and Friday.
M&S has a lot going for it now and the likes of Top Shop and Debenhams having gone says to be the future is bright.
I'm holding as i think the sp will start to edge up over the coming weeks.
All IMHO.
As we head to the end of the month I'm in two minds - whether to wish the price down a little further so I can scoop up a shed-full after payday - or to hope it reverses now to stop my portfolio looking so grim, lol. might stop looking until payday to preserve my sanity!
long-term though i'm going nowhere until I've hit my target of MKS paying my mortgage off :-p
A move to 275p in the short term. Put it away with some confidence.
Debt to come down from £2.9b as a priority, and small divi announced May.
Selection of new CEO/successor shortly.
Hold.
ed, don't fall in love with this,
such a strategy can end up in a whole heap of pain -
unless you have money to burn.
It looks a takeover candidate to me, but then it has done
so for years - and would the government allow arguably
the most iconic name in UK retail to be taken out
by an overseas firm? - may be, but worth keeping in mind.
MKS is not of strategic importance to the UK, but there is arguably
a case of cultural significance and this government does not need
any more bad publicity.
Kingfisher looks the obvious take out target imv,
I hold KGF and my rational may be wrong.
Treated myself to the Marks Collection cod loin,
at £23 a kilo this better be good!.
Marks culturally significant??? This government would sell anything to anyone if the right bungs and incentives are offered. If they can cut the BBC back to just a small media player then they would allow Marks to go to any rich foreign investor who wanted to offshore ill gotten gains.
Asda went to Walmart ....MKS has nothing to do with the Government ....any decision is for stakeholders and shareholders
As mentioned it is not a strategic asset.
It would seem to be a very nice fit for Amazon,
however Amazon appear to be rolling out their own
physical supermarkets atm.
Thought MKS might be in the mood for offering for some of Waitrose outlets.
PS if you think fuel prices are nuts on the motorways, try buying cigarettes...so bad went without for 400 miles