** Morrisons jumps for second day as grocer said it remains confident in its FY 2014-15 profit outlook. ** Stock up 6 pct, star performer on 0.5 pct weaker FTSE 100 index, having risen 5.9 pct on Wednesday on read-across from robust results from M&S. ** Losses for year trimmed to arou
Read more** Marks & Spencer top UK blue-chip riser for second-day running as five star analyst & host of others become more bullish on the retailer following robust results released on Wednesday. ** Deutsche Bank, a top-ranked broker on the stock according to StarMine, lifts rating on the stock to "
Read moreAmec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreDeutsche Bank has raised its recommendation for Marks & Spencer from 'hold' to 'buy' after its better-than-expected first half, predicting the start of a mutli-year margin recovery at the high-street retailer. First-half underlying pre-tax profits totalled £268m, up 2.3% over last year and 13% ahead
Read moreA flurry of blue-chip company announcements and upcoming policy decisions by the Bank of England (BoE) and European Central Bank (ECB) kept investors cautious on Thursday morning, with UK stocks trading in the red early on. The FTSE 100 was down 0.3% at 6,517, having jumped 1.3% to the previous sess
Read moreShares of Marks &Spencer rose sharply following its first-half results on Wednesday, pushing the company's forward price-to-earnings multiple to just over 13, from just over 12, writes the Financial Times' Lex column. The reason for that, tellingly, is that many analysts did not revise their full-ye
Read more* H1 underlying profit 268 mln stg vs forecast 252 mln * Raises general merchandise full-year gross margin forecast * Lowers full-year cost growth forecast * Q2 non-food like-for-like sales down 4 pct, food up 0.2 pct * Shares climb 9.7 pct (Adds detail, CEO, analyst, fa
Read moreMarkets shrugged off fresh economic woes and gold price falls on Wednesday, helped by positive news from retailer Marks & Spencer (M&S). Continental European service sector data came in weak and UK service data also surprised on the downside, slowing to a 17-month low in October. Fears that the dec
Read moreMarks & Spencer's shares surged on Wednesday after the retailer impressed with a surprise increase in first-half profits, and while the market welcomed the bottom-line beat analysts raised concerns with a continued underperformance in clothing sales. Analysts at Numis Securities maintained a 'hold'
Read moreStrong gains from Marks & Spencer, Meggitt and Associated British Foods drove the UK stock market higher on Wednesday, as investors shrugged off some disappointing global economic data. Services purchasing managers' indices (PMIs) in China, the UK and Eurozone all weakened, showing that activity gro
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