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- Tullow rises on Statoil speculation - Broker rating changes move stocks early on - Taper in focus as US jobs report due this afternoon techMARK 2,785.01 +0.37% FTSE 100 6,725.63 +0.51% FTSE 250 16,016.63 +0.42% UK stocks gained strongly on Friday morning as investors prepared themselves for the
Read more- Draghi says Eurozone recovery 'weak and modest' - BoE, ECB keep rates on hold - Morrison and Tesco disappoint with Christmas sales techMARK 2,774.65 -0.25% FTSE 100 6,691.34 -0.45% FTSE 250 15,948.97 -0.33% After a brief stint in positive territory, UK stocks sunk into the red on Thursday market
Read moreMarks & Spencer shares were putting in a strong performance this afternoon, recovering somewhat after yesterday's third quarter miss. The stock was given a boost by Investec, which upgraded its rating from 'hold' to 'buy', saying that the business should now become cash generative given that the cur
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* M&S Q3 clothing lfl sales down 2.1 pct, food up 1.6 pct * Tesco 6 weeks to Jan 4 UK lfl sales, ex fuel and VAT, down 2.4 pct * Morrisons 6 weeks to Jan 5 lfl sales down 5.6 pct, ex VAT * M&S shares rise up to 3.8 pct, Tesco's fall up to 4 pct By James Davey and Kate Holt
Read more- Morrison, Tesco disappoint with Christmas updates - M&S rallies after Investec comments despite Q3 miss - BoE holds rates, ECB expected to do the same techMARK 2,796.74 +0.54% FTSE 100 6,738.35 +0.25% FTSE 250 16,031.24 +0.18% After a slow start, UK markets were registering small gains by Thursd
Read moreNumis Securities has scaled back its profit forecasts for Marks & Spencer (M&S) after the High Street retailer missed expectations in its third quarter. The broker maintained a 'hold' rating and 450p target price for the stock. Investec also reduced its forecasts for M&S after the results, but upgr
Read moreMarks & Spencer broadly missed analysts' estimates with its third-quarter results on Thursday, but shares managed to push higher, helped by comments from Investec. Group sales at the High Street retailer rose by 1.8% in the 13 weeks to December 28th. However, while total UK sales increased by 1.5%,
Read moreBy James Davey and Neil Maidment LONDON, Jan 9 (Reuters) - Tesco and Marks & Spencer , the biggest names in British retail, posted heavy falls in sales in the run up to Christmas, showing no sign of their much vaunted turnarounds and ratcheting up pressure on their chief executives. T
Read moreLONDON, Jan 9 (Reuters) - Marks & Spencer's executive team, led by CEO Marc Bolland, retains the backing of the British retailer's board and investors despite the firm posting a tenth straight quarter of declining underlying sales in clothing, its chief finance officer said. "The board is
Read moreNumis Securities has scaled back its profit forecasts for Marks & Spencer (M&S) after the High Street retailer missed expectations in its third quarter. M&S managed to impress the market, with shares rising 3.35% to 459.8p in morning trade, but Numis wasn't convinced, labelling it as "another disap
Read more- Morrison, Tesco, Ted Baker fall after updates - RSA review identifies 'inappropriate' behaviour by Irish execs - BoE, ECB meetings and economic data in focus techMARK 2,783.32 +0.06% FTSE 100 6,709.13 -0.19% FTSE 250 15,959.96 -0.26% Heavy falls from supermarket stocks dragged UK markets lower o
Read moreLONDON, Jan 9 (Reuters) - Marks & Spencer's much vaunted new ranges failed to prevent the British retailer's clothing sales falling for a tenth consecutive quarter, with heavy discounting in the key Christmas period forcing it to cut its margin guidance. The firm said on Thursday all its ot
Read moreLONDON, Jan 9 (Reuters) - The head of British retailer Marks and Spencer, Marc Bolland, said the company's step-by-step approach to improve general merchandise sales was working despite figures showing the 10th consecutive quarter drop in clothing sales. Chief Executive Marc Bolland said Br
Read moreCity sources predict the FTSE 100 will open unchanged from yesterday's close of 6,721.78 as investors await fresh direction after the US ended last night's session mixed. Today will see the Bank of England most likely leave its monetary policy unchanged this month, which, as Craig Erlam, analyst a
Read moreLONDON, Jan 9 (Reuters) - Marks & Spencer's much vaunted new ranges failed to prevent the British retailer's clothing sales falling for a tenth consecutive quarter, though the firm avoided a formal profit warning thanks to a solid performance from food. The firm did, however, cut its UK gro
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