We would love to hear your thoughts about our site and services, please take our survey 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: 259.70
Bid: 230.00
Ask: 294.00
Change: 0.00 (0.00%)
Spread: 64.00 (27.826%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 259.70
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 M&S backs call to stop forced labour in China's Xinjiang

Wed, 06th Jan 2021 17:27

By Kieran Guilbert

LONDON, Jan 6 (Thomson Reuters Foundation) - British
retailer Marks & Spencer on Wednesday became one of the
first major brands to back a drive to stop forced labour in
cotton and garment sourcing from China's Xinjiang region.

M&S signed a call to action by The Coalition to End Forced
Labour in the Uyghur Region - consisting of more than 300 civil
society groups - to cut ties with suppliers in China that profit
from the forced labour of the ethnic Uighurs and other Muslims.

The United Nations estimates China has detained at least 1
million Uighurs and other minorities in camps in Xinjiang, where
many of them are said to be put to work in textile factories.

A U.S. think-tank the Center for Global Policy has said at
least 570,000 people were forced to pick cotton by hand under a
labour programme targeting ethnic minority groups in the region.

China has denied mistreatment and said the camps offer
vocational training and help to fight terrorism and extremism.

M&S said it did not work with any supplier in or source from
Xinjiang but publicly supported the call to action to "help play
its part in driving meaningful change at scale".

The vast western province - home to about 11 million ethnic
Uighurs - produces about 85% of China's cotton and 20% of the
global supply, which is used by fashion brands worldwide.

"When it comes to sustainable and ethical clothing, we can
only achieve real change at scale by working with others," said
Richard Price, managing director of M&S Clothing & Home.

Anti-slavery organisations welcomed the announcement by M&S
and urged other global retailers to follow suit. U.S. clothing
company Eileen Fisher last year was one of the first to sign up.

Some brands have privately backed the appeal and should soon
go public with their support, said Chloe Cranston, business and
human rights manager at Anti-Slavery International, a charity.

"Other big companies are close to committing, and we hope
M&S' public statement will push them over the line," she told
the Thomson Reuters Foundation.

While most brands say they do not have relationships with
factories in Xinjiang, their supply chains are likely tainted by
cotton picked by Uighurs that is exported across China and used
by other suppliers, according to campaigners and researchers.

Several clothing giants, from Gap Inc to Zara owner Inditex,
said last year that they did not source from Xinjiang, but could
not confirm their operations were free of cotton from the area.

Anti-Slavery International and the French labour rights
coalition Collectif Ethique sur l'etiquette have urged
governments to make firms liable for abuses in their supply
chains, saying well-meaning words fell short of action.
(Reporting by Kieran Guilbert, Editing by Katy Migiro. Please
credit the Thomson Reuters Foundation, the charitable arm of
Thomson Reuters, that covers the lives of people around the
world who struggle to live freely or fairly. Visit http://news.trust.org)

More News
31 Aug 2023 17:02

Miners drag FTSE 100 lower to snap 6-day winning streak

Glencore among top losers on FTSE 100

*

Read more
31 Aug 2023 16:50

LONDON MARKET CLOSE: FTSE 100 down amid stubborn US inflation

(Alliance News) - Stock prices in London closed mixed on Thursday, after news that a key US inflation reading came in in line with market expectations.

Read more
31 Aug 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 edges lower ahead of US inflation print

(Alliance News) - The FTSE 100 tipped into the red at midday on Thursday as investors nervously awaited the latest print of the US Federal Reserve's preferred inflationary gauge, the personal consumption expenditures index.

Read more
31 Aug 2023 07:49

LONDON BRIEFING: Stocks seen higher; Grafton begins another buyback

(Alliance News) - Stocks in London are set to open higher on Thursday as market focus turns to inflation and whether it is cooling enough to justify a pause in September from the European Central Bank and the US Federal Reserve.

Read more
30 Aug 2023 17:55

TOP NEWS: M&S returns to FTSE 100 after four years, Persimmon exits

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, September 18, after completing its quarterly review.

Read more
29 Aug 2023 17:00

Miners, homebuilders boost FTSE 100 to 2-weeks high

FTSE 100 hits 2-week high

*

Read more
29 Aug 2023 09:27

LONDON BROKER RATINGS: UBS cuts HSBC; Barclays cuts SDCL Energy

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

Read more
23 Aug 2023 10:24

Britain's Ocado Retail and Sainsbury's cut prices again

Ocado Retail cuts prices of 200 products

*

Read more
23 Aug 2023 08:54

LONDON MARKET OPEN: Stocks rise ahead of Jackson Hole, Nvidia results

(Alliance News) - Stock prices in London opened higher on Wednesday, as the mood in European markets continued to improve.

Read more
23 Aug 2023 07:09

Dechra, Hikma, M&S and Diploma set to join FTSE 100

MILAN, Aug 23 (Reuters) - Drugmakers Dechra and Hikma, along with retailer Marks & Spencer and technical products provider Diploma are set to join the UK's blue-chip FTSE 100 index in September, indicative changes announced by FTSE Russell show.

Read more
23 Aug 2023 00:01

Britain's Ocado Retail cuts prices again

Heinz beans, Quaker oats among price reductions

*

Read more
22 Aug 2023 17:26

TOP NEWS: M&S set to be FTSE 100 outfit again but Persimmon may fall

(Alliance News) - Marks & Spencer Group PLC is primed to make a return to London's premier FTSE 100 index, roughly three years after the founding member was booted out, with abrdn PLC once again among those making way.

Read more
22 Aug 2023 17:13

Cyclical stocks lift UK equities off six-week lows; Wood Group rises

Blue-chip FTSE 100 snaps seven-day losing streak

*

Read more
22 Aug 2023 08:00

Britain's gloomy weather dents supermarket sales growth into August -NIQ

UK supermarket sales growth slows to 7.2% in August -NIQ

*

Read more
21 Aug 2023 00:00

Food tech company ENOUGH raises 40 million euros

New fundraising led by World Fund and CPT Capital

*

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.