* Q3 sales to date up 6 pct, below previous forecast * May reduce profit guidance if warm weather continues * M&S says no plans to change trading update schedule * Shares fall up to 5.6 pct, rival retailers hit (Adds detail, trader and analyst comment, shares) By James D
Read moreStocks started the Tuesday session slightly lower, weighed down by weakness overnight in Asian markets, although Wall Street did manage to finish off its intra-session lows. That comes as investors keep a close bead on US interest rate expectations and the strength of the US dollar. No less importan
Read moreLONDON, Sept 30 (Reuters) - Marks & Spencer, Britain's No. 1 clothing retailer by sales, has no plans to change its trading update schedule in light of an unscheduled update on Tuesday from rival Next. A spokesman for M&S said the firm was sticking to its published announcements timetable,
Read more** Next and Marks & Spencer two of the biggest fallers across Europe as Next warns warm weather could hit FY profits. ** Down 3.5 pct & weighs on close rival M&S whose shares drop 3.2 pct. M&S now down 21.2 pct since Feb highs. ** Next & M&S are third- and fourth-biggest fallers on St
Read moreWm Morrison's former treasurer and head of tax has been charged with two offences of insider dealing by the Financial Conduct Authority (FCA), the Financial Times reported on Tuesday. Paul Coyle was arrested in December in North Yorkshire, as part of an investigation the FCA said was related to trad
Read more(Repeats Tuesday item) * All big listed supermarkets warned of reporting risks on supplier rebates * Rules on rebate accounting well known * Analysts say managers may have felt pressured to accelerate income recognition By Tom Bergin LONDON, Sept 23 (Reuters) - Tesco
Read more* All big listed supermarkets warned of reporting risks on supplier rebates * Rules on rebate accounting well known * Analysts say managers may have felt pressured to accelerate income recognition By Tom Bergin LONDON, Sept 23 (Reuters) - Tesco Plc's disclosure of huge acc
Read more* Alan Stewart released by M&S two months early * Move follows appeal by Tesco CEO to M&S CEO * Stewart expected to start work on interim results * Industry data shows Tesco's UK sales still sliding * Shares fall 4 pct after 12 pct slump on Monday (Adds investor comment)
Read more* Tesco, Tate & Lyle woes hit faith in valuation premium * Price gap relative to Europe will keep closing-strategist * UK company earnings upgrades already lagging Europe's By Lionel Laurent and Tricia Wright LONDON, Sept 23 (Reuters) - Profit warnings and share-price slid
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