Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 288.00
Bid: 285.70
Ask: 286.10
Change: 14.20 (5.19%)
Spread: 0.40 (0.14%)
Open: 293.00
High: 300.00
Low: 281.00
Prev. Close: 273.80
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE supported by AB Foods as U.S. election looms

Tue, 08th Nov 2016 16:57

* FTSE 100 up 0.5 pct at close

* Primark owner beats expectations

* Marks and Spencer to close stores

* Imperial Brands drops after results (Adds detail and quote, updates prices at close)

By Kit Rees and Alistair Smout

LONDON, Nov 8 (Reuters) - Britain's top share index roseslightly on Tuesday in choppy trade as voting in the U.S.election got underway, with better-than expected-results fromPrimark-owner AB Foods helping to support shares.

AB Foods jumped 5.8 percent after the group said itexpected to benefit from Britain's vote to leave the EuropeanUnion and saw profits rising despite a weaker pound hurtingmargins at its British stores.

The company's results beat analysts' average forecasts. Itsaid next year's results would be helped by its sugar business,and a weak pound would improve the value of its overseasearnings.

"Helpful FX moves are helping sugar margins (already up onbetter global sugar prices), bringing focus back to the'ingredients/agriculture' segment to prove that the ABF storycan still be something other than discount fashion and Primark,"said Mike van Dulken, the head of research at Accendo Markets.

The stock was the stand-out mover on the FTSE 100, whichended a choppy session 0.5 percent higher at 6,843.13 points.

The index rose 1.7 percent on Monday, its biggest daily risesince early September, to end a 5 session losing streak.

Signs that Republican Donald Trump was gaining in the pollslast week knocked appetite for equities globally. However, theFBI declined to bring charges against his rival, DemocratHillary Clinton, over the weekend, and several polls out onMonday gave her a lead.

Markets have been spooked by the prospect of a Trumppresidency, given his uncertain policy stance, and havegenerally been positioned for a Clinton win, which analysts sayrepresents the status quo and could spark a relief rally.

"We believe that a Clinton win would see a rally in Europeanstocks. A Trump win, on the other hand, could bring forth acorrection," analysts at Barclays said in a note. The resultwill likely be known before European markets open on Wednesday.

Top faller was Marks & Spencer which dropped morethan 5 percent after it said it was closing stores as profitsand clothing sales fell.

"Given our bearish view on UK consumer confidence and futureclothing spend we hope that M&S' five-year recovery strategywill be a case of "two steps forward, one step back" but fear itmay be "one step forward, two steps back"," analysts atJefferies said in a note.

Imperial Brands also fell after its own results. While itbeat full-year expectations, that failed to assuage concern overnew investment. (Reporting by Kit Rees; Editing by Tom Heneghan)

More News
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.

Read more
9 Nov 2023 09:43

LONDON BROKER RATINGS: M&S and Unilever raised but Asos cut

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

Read more
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.

Read more
8 Nov 2023 12:08

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

(Alliance News) - European equities largely inched into the green at midday on Wednesday, though investors awaited with caution a speech from US Federal Reserve Chair Jerome Powell this afternoon.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
7 Nov 2023 12:07

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.

Read more
3 Nov 2023 11:52

Bangladesh protests halt production for top fashion brands - union

(Alliance News) - Levi's and H&M are among top global clothing brands to suffer production halts in Bangladesh, a garment union leader said Friday, after days of violent protests by workers demanding a near-tripling of their wages.

Read more
1 Nov 2023 16:52

LONDON MARKET CLOSE: Stocks prosper ahead of central bank rate calls

(Alliance News) - Stocks in London took their lead from a positive start on Wall Street to close higher as investors prepare for interest rate decisions in the UK and US.

Read more
1 Nov 2023 16:35

London close: Stocks rise ahead of US Fed policy decision

(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.

Read more
1 Nov 2023 15:44

UK earnings, trading statements calendar - next 7 days

Thursday 2 November 
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
Tuesday 7 November 
Associated British Foods PLCFull Year Results
Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
RS Group PLCHalf Year Results
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
Wednesday 8 November 
Conduit Holdings LtdQ3 Results
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.

Read more
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:

Read more
23 Oct 2023 19:21

London close: Stocks mixed at start of busy week

(Sharecast News) - London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.