Marks & Spencer Share News (MKS)

Marks & Spencer lengthens suppliers' payment terms

Marks & Spencer has increased the time it takes to pay non-food suppliers to reduce costs as it tries to revive its ailing clothing business. Britain's biggest clothing retailer sent letters to its 500 general merchandise suppliers on September 5th outlining the new terms. About 50 are in Britain.

FTSE 100 movers: Tullow Oil shares jump on oil discovery

Shares in Tullow Oil leapt after it was revealed that the Wisting Central exploration well had made the first ever oil discovery in the Hoop-Maud Basin in the Barents Sea offshore Norway. Tullow Oil owns a 20% stake in the licence where the oil was found. Airline group easyJet was continuing to re

Marks & Spencer extends pay period for clothing suppliers

LONDON, Sept 6 (Reuters) - British retailer Marks & Spencer said it was extending the time it takes to pay its general merchandise suppliers, seeking to keep a lid on costs as it attempts to turn around the fortunes of its clothing business. The nation's biggest clothing retailer has repor

UK Winners & Losers: Pharmas Struggle; Tullow Oil Leads After Discovery

London close: FTSE 100 at three-week high after policy meetings

A host of central-bank policy meetings, a dovish tone from Mario Draghi and the continued improvement in US economic data helped lift stocks higher on Thursday, with the FTSE 100 closing at levels not seen in three weeks. London's benchmark index ended the day up 57.7 points at 6,532.44, its highes

FTSE 100 movers: M&S leaps after HSBC upgrade

High Street department store Marks & Spencer surged today after HSBC upgraded the stock from 'neutral' to 'overweight', saying it is the most operationally geared among its peers to play on the UK consumer recovery. Hotels group IHG was also a high riser after UBS raised its rating from 'neutral to

London midday: Stocks trim gains, BoE holds rates

After a strong start for UK stocks, the FTSE 100 pared gains by lunchtime as nervousness set in ahead of a number of risk events that have the potential to spark some volatile moves on financial markets. Risk appetite was also scaled back ahead of the G20 meeting which begins in St Petersburg today

STOCKS NEWS EUROPE-M&S boosted by HSBC upgrade

Shares in Marks & Spencer advance 2.9 percent as traders point to the impact of an HSBC upgrade on the company which, the bank says, is the most operationally geared large cap retailer it covers to play on the UK consumer recovery. "The UK macro outlook is improving. HSBC Economics forecast

Thursday broker round-up UPDATE

AMEC: Nomura reduces target price from 1300p to 1230p, while reiterating its buy recommendation. Antofagasta: Exane cuts target price from 1200p to 1100p maintaining an outperform rating. Ashtead Group: JP Morgan shifts target price from 729p to 734p and keeps a neutral rating. Associated British

London close: Syrian crisis hits stocks despite upbeat economic data

Data showing improving confidence in Germany and the States wasn't enough to lift markets on Tuesday as investor sentiment was rattled by escalating tensions between Syria and the West. Business confidence in Germany improved across the board in August as the Eurozone's largest economy continues to

FTSE 100 movers: Fresnillo, Randgold, Petrofac

Precious metal companies Fresnillo and Randgold Resources gained as the prices of gold, silver and copper surged. Petrofac advanced as analysts at Liberum Capital said the weakness in shares and the oilfield services company's upbeat outlook presented a good buying opportunity. Marks & Spencer ra

London midday: Stocks fall as Syrian crisis hits sentiment

Escalating tensions in the Middle East dented investor sentiment on Tuesday morning as traders largely shook off some upbeat economic data closer to home. Business sentiment in Germany improved across the board in August as the Eurozone's largest economy continues to build momentum. The IFO report,

Broker tips: IAG, M&S, Premier Foods

Investec has downgraded its rating for British Airways owner International Airlines Group (IAG) from 'buy' to 'hold' after strong gains seen across the airlines sector since the start of the year. "European airlines have benefited from reduced capacity and a flattening of fuel prices in 2013. Stron

Tuesday broker round-up UPDATE

Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.

Broker snap: Citigroup upgrades M&S to 'buy'

HIgh Street giant Marks & Spencer (M&S) was performing well on Tuesday morning after Citigroup upgraded the stock from 'neutral' to 'buy' and lifted its target price from 470p to 535p. "The combination of recent, material upgrades to UK economic growth forecasts, and M&S management initiatives have