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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

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Share Price: 261.10
Bid: 261.90
Ask: 262.10
Change: 2.80 (1.08%)
Spread: 0.20 (0.076%)
Open: 261.90
High: 265.40
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Aldi Says UK Sales Top GBP1 Over Record-Breaking Christmas

Mon, 06th Jan 2020 08:21

(Alliance News) - Supermarket Aldi sold 55 million mince pies over a boozy Christmas which saw British shoppers spend record amounts at the German chain.

UK sales in the four weeks to December 24 topped GBP1 billion for the first time in the company's history, and marked a 7.9% rise on the same period in 2018, Aldi revealed.

As well as mince pies, Britons also bought 22 million pigs in blankets, and more than two million Christmas puddings.

Aldi UK Chief Executive Giles Hurley said: "More customers than ever before shopped with us this Christmas because they knew Aldi offered unbeatable value on premium products and the lowest prices on festive essentials."

Alcohol sales in particular helped boost the supermarket's top line. Shoppers bought 9.2% more beer compared with last Christmas, and sales of Aldi's Champagne and Prosecco rose by 14%.

Its Specially Selected range and British meats showed growth of almost 8% each. Unsurprisingly, turkeys and roasting beef were "particularly popular", according to the supermarket.

"Although we saw strong growth across all key categories, sales of our premium Specially Selected range surpassed expectations, as customers snapped up these products for a fraction of the price they would have paid elsewhere," Hurley said.

The supermarket is in a period of major expansion, planning to add more than 300 new stores to its portfolio of 874 by the middle of the next decade at it captures more of the market.

According to data from Kantar, Aldi's share of the grocery market has rise by 1.2 percentage points to 8% since March 2017, making it the biggest supermarket outside the big four of Tesco, Sainsbury's, Asda and Morrisons.

The Co-op has 6.3% of the market, while Lidl and Waitrose have captured 6.1% and 4.8% respectively, according to the latest data, from early December.

Supermarkets will hope to show they have cashed in from the all-important Christmas season this week, as most of the major players present their festive results.

Wm Morrisons Supermarkets PLC will publish its results on Tuesday, with J Sainsbury PLC, Tesco PLC and Marks & Spencer Group PLC following later in the week.

By August Graham, PA City Reporter

source: PA

Copyright 2019 Alliance News Limited. All Rights Reserved.

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9 Nov 2023 15:45

DIRECTOR DEALINGS: M&S Non-Exec Potter buys GBP124,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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9 Nov 2023 15:45

Director dealings: M&S director snaps up 50,000 shares

(Sharecast News) - Marks & Spencer revealed on Thursday that non-executive director Cheryl Potter had acquired 50,000 ordinary shares in the FTSE 100-listed retailer.

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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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8 Nov 2023 16:53

LONDON MARKET CLOSE: Stocks mixed; Powell gives little about rates

(Alliance News) - Stock prices in London closed mixed on Wednesday, after US Federal Reserve's Jerome Powell gave little away about the future of interest rates.

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8 Nov 2023 12:08

LONDON MARKET MIDDAY: Europe muted as eyes turn to Fed's Powell

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8 Nov 2023 08:48

LONDON MARKET OPEN: M&S impresses but ITV slumps on tepid ad revenue

(Alliance News) - Stock prices in Europe opened mixed on Wednesday, with equities struggling to push on with hawkish words from US central bankers hurting enthusiasm.

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8 Nov 2023 08:35

TOP NEWS: Marks & Spencer cautiously optimistic as profit jumps

(Alliance News) - Marks & Spencer Group PLC on Wednesday reported improved interim results and early signs suggest the clothing, home and food retailer will enjoy a robust Christmas.

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8 Nov 2023 07:45

LONDON BRIEFING: M&S profit surges; JD Wetherspoon upping investment

(Alliance News) - London's FTSE 100 is called to open lower on Wednesday, with equities on the back foot after more hawkish comments from a US central banker.

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8 Nov 2023 07:01

M&S cautious on H2 despite 52% jump in interim profit; Divi restored

(Sharecast News) - UK retailer Marks & Spencer on Wednesday reinstated its dividend and delivered a 56.2% rise in first-half profits, but warned sounded a note of caution about future trade in the run in to Christmas citing higher interest rates, weather and geopolitical events.

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LONDON MARKET MIDDAY: Housebuilders and retail up, miners and oil down

(Alliance News) - European equities were mixed heading into Tuesday afternoon, with weaker China data and doubts over the US interest rate outlook weighing on the mood.

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Bangladesh protests halt production for top fashion brands - union

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UK earnings, trading statements calendar - next 7 days

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BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
Friday 3 November 
no events scheduled 
Monday 6 November 
Kingspan Group PLCTrading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
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Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
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Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
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ITV PLCTrading Statement
JD Wetherspoon PLCQ1 Results
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Secure Trust Bank PLCTrading Statement
Smiths News PLCFull Year Results
Time Out Group PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Oct 2023 09:30

LONDON BROKER RATINGS: UBS says buy SJP; JPMorgan raises Trainline

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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