Marks & Spencer Share News (MKS)

London midday: Retailers, miners drag FTSE 100 into the red

Markets were sharply lower on Tuesday with retailers and miners providing a drag as investors digested a barrage of gloomy economic data and the ongoing government shutdown in the States. The FTSE 100 dipped below the 6,400 mark in morning trade, a level seen as support for London's benchmark index

UK WINNERS & LOSERS: M&S Dips But Aeorema Jumps As It Recommends First Dividend

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London open: Markets suffer as US crisis drags on

The FTSE opened around 15 points lower this morning, tracking steep losses seen in US, as the political brinkmanship over the debt ceiling continued into its second week. Miners, a typically volatile and cyclical sector, were seen taking the brunt of the decline, with retailers - particularly M&S a

STOCKS NEWS EUROPE-M&S drops for second day after Bernstein cut

Retailer Marks & Spencer falls sharply for the second day in a row, which traders attribute to a downgrade on the stock from brokerage Bernstein, which cuts its rating on M&S to "underperform" from "market perform". M&S falls 3.4 percent to 464 pence in early session trade, making the stock

London close: US budget impasse continues to knock investor sentiment

Stocks bounced off their lows on Monday but still finished firmly in the red as the US government shutdown extended into its second week with politicians continuing to wrangle over the budget and impending debt ceiling. The FTSE 100 in London finished 16.6 points lower at 6,437.28, rallying in aft

Sector movers: Burberry, M&S drag peers lower

Personal goods and retail stocks were out of favour on Monday with sector giants Burberry and Marks & Spencer providing a drag. Shares in British luxury brand Burberry were under heavy selling pressure after its Chief Executive Officer Angela Ahrendts told French newspaper Les Echos that the slowdo

FTSE 100 movers: M&S hit by Credit Suisse comments

High Street department store Marks & Spencer was trading in the red after Credit Suisse retained its 'underperform' rating, saying that full-year forecasts "look demanding" after a weak first-half. The bank said the shares - trading at a 20 per cent premium to the long-term average - look "overbough

London midday: US budget impasse weighs heavily on stocks

Markets started the new week on a dull note with the FTSE 100 dropping sharply on Monday morning in light of the ongoing government shutdown Stateside. US stock futures were also heading in the same direction ahead of the opening bell on Wall Street given that an absence of economic data from acros

Broker tips: Diageo, Fresnillo, M&S

Smirnoff and Captain Morgan owner Diageo was trading lower on Monday morning after Citigroup said it expects a 'soft quarter' for the spirits industry across the board. Nevertheless, the bank kept its 'buy' rating saying that growth should improve in the coming quarters and the company is the best

Broker snap: M&S full-year forecasts under pressure, says Credit Suisse

High Street department store Marks & Spencer (M&S) was trading in the red on Monday morning after Credit Suisse retained its 'underperform' rating, saying that full-year forecasts 'look demanding' after a weak first half. It said the stock is trading at a 20% premium to its long-term average and l

London open: M&S, Burberry lead FTSE 100 lower as US shutdown persists

An ongoing government shutdown Stateside continued to weigh on market sentiment on Monday with London's FTSE 100 registering losses in morning trade. US lawmakers failed to reach an agreement on either the budget or the debt-ceiling over the weekend, heightening fears that the US could run out of t

STOCKS NEWS EUROPE-M&S slides as CS strikes downbeat note

Shares in supermarket chain Marks & Spencer (M&S) fall 2.7 percent to the bottom of Britain's FTSE 100 index, with traders citing a bearish note by Credit Suisse, which sees 12 percent downside from the stock's current level of 482 pence. Volume in M&S is relatively heavy at 35 percent of i

Sector movers: Carpetright drags retailers lower after profit warning, CEO exit

A surprise profit warning and Chief Executive Officer (CEO) exit at Carpetright send the FTSE 250 plunging on Friday afternoon, dragging the general retail sector lower in London. Carpetright announced the departure of CEO Darren Shapland as it warned falling sales meant full-year profits would be

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