The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 262.90
Bid: 262.80
Ask: 263.00
Change: 1.80 (0.69%)
Spread: 0.20 (0.076%)
Open: 263.70
High: 264.90
Low: 262.30
Prev. Close: 261.10
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britons visit more supermarkets in search for value as prices rise

Tue, 31st May 2022 09:51

LONDON, May 31 (Reuters) - Cash-strapped Britons are increasing the number of supermarkets they visit as they shop around for the best prices amid a worsening cost of living crisis, industry data showed on Tuesday.

Market researcher NielsenIQ said a hunt for value led to a 7% rise in the number of stores visited - both their usual outlet and trying other shops - over the four weeks to May 21, compared with the previous year, in the latest sign of stress in an economy normally powered by the consumer.

"Shoppers are becoming more considered in what they buy," Mike Watkins, NielsenIQ’s UK head of retailer and business insight, said, adding that consumers may also start shunning pubs and restaurants to dine at home more.

Surging prices are causing the biggest hit to UK household incomes since at least the 1950s and consumer confidence is at near record lows. Inflation hit a 40-year peak of 9% in April and is projected to rise further.

Rival market researcher Kantar said last week that over one fifth of British households described themselves as "struggling" to make ends meet.

Under pressure to act, the government last week announced a 15 billion pound ($19 billion) package of support for households struggling to meet soaring energy bills.

Britons are also changing their behaviour.

They have traded down in both stores and products, visiting discounters more and switching from branded to lower priced and private label products.

They are also cutting back on meat, fish and alcohol, reducing car journeys to save on petrol, and cancelling subscription streaming services and repair warranties on domestic appliances.

NielsenIQ said total grocery sales at UK supermarkets rose 0.6% year-on-year over the four-week period, driven by a 2.3% increase in the final week.

It said sales of goods on promotion fell from 21.5% last month to 20.4%, suggesting supermarkets were holding back offers to drive sales when shoppers were looking to spend as little as possible on each trip.

The market researcher said the forthcoming Platinum Jubilee bank holiday weekend should give a welcome, if short-term, boost to grocery sales, however, with 20% of households expected to buy extra groceries for the weekend.

NielsenIQ said over the 12 weeks to May 21, total sales fell 1.7% year-on-year, with market leader Tesco, Marks & Spencer, German-owned discounters Aldi and Lidl and the Co-operative all gaining market share.

M&S said last week that Britons would not feel the full force of the country's cost of living crisis until the autumn. (Reporting by James Davey; Editing by Bernadette Baum and Alison Williams)

More News
11 Jan 2024 07:01

M&S sees FY in line as Christmas sales rise 8.1%

(Sharecast News) - UK retailer Marks & Spencer said it expected to deliver annual results in line with expectations despite higher-than-expected cost increases as it reported an 8.1% rise in sales over the key Christmas quarter driven by food revenue and womenswear.

Read more
10 Jan 2024 08:49

LONDON MARKET OPEN: Grocers weigh on FTSE as Sainsbury's disappoints

(Alliance News) - Stock prices in London opened mixed on Wednesday, as investors remained cautious ahead of US inflation data, and rising geopolitical tensions.

Read more
9 Jan 2024 08:00

UK's M&S Christmas food sales growth topped only by Lidl

M&S food sales up 12.1% year-on-year in 12 weeks to Dec 30 -NIQ

*

Read more
9 Jan 2024 07:54

UK discounter B&M keeps profit outlook after Christmas sales rise

Third quarter revenue up 5%

*

Read more
8 Jan 2024 17:07

FTSE 100 lags European peers as oil drags

Shell drops; flags Q4 writedown on Singapore assets

*

Read more
5 Jan 2024 16:26

UK's Asda to match some discounter prices in push for market share

Asda to match Aldi and Lidl prices on 287 products

*

Read more
5 Jan 2024 16:02

UK dividends calendar - next 7 days

Monday 8 January 
abrdn Equity Income Trust PLCdividend payment date
Intermediate Capital Group PLCdividend payment date
Tuesday 9 January 
no events scheduled 
Wednesday 10 January 
Assura PLCdividend payment date
Bellway PLCdividend payment date
Fidelity Special Values PLCdividend payment date
LXi REIT PLCdividend payment date
Severn Trent PLCdividend payment date
Volex PLCdividend payment date
Vp PLCdividend payment date
Thursday 11 January 
AJ Bell PLCex-dividend payment date
Ashtead Group PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
CMC Markets PLCdividend payment date
dotdigital Group PLCex-dividend payment date
Ecora Resources PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
Foresight Group Holdings Ltdex-dividend payment date
GSK PLCdividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
Keystone Positive Change Investment Trust PLCex-dividend payment date
LondonMetric Property PLCdividend payment date
Murray International Trust PLCex-dividend payment date
National Grid PLCdividend payment date
Primary Health Properties PLCex-dividend payment date
Sage Group PLCex-dividend payment date
Smiths News PLCex-dividend payment date
SSE PLCex-dividend payment date
Supermarket Income REIT PLCex-dividend payment date
TR Property Investment Trust PLCdividend payment date
Walker Crips Group PLCex-dividend payment date
WH Smith PLCex-dividend payment date
Worldwide Healthcare Trust PLCdividend payment date
XPS Pensions Group PLCex-dividend payment date
Friday 12 January 
3i Group PLCdividend payment date
Associated British Foods PLCspecial dividend payment date
Caffyns PLCdividend payment date
Celebrus Technologies PLCdividend payment date
Chelverton UK Dividend Trust PLCdividend payment date
CML Microsystems PLCdividend payment date
Gore Street Energy Storage Fund PLCdividend payment date
Helical PLCdividend payment date
Impellam Group PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
Marks & Spencer Group PLCdividend payment date
Oxford Instruments PLCdividend payment date
Pets At Home Group PLCdividend payment date
Polar Capital Holdings PLCdividend payment date
Redde Northgate PLCdividend payment date
Regional REIT Ltddividend payment date
Scottish Oriental Smaller Companies Trust PLCdividend payment date
Triple Point Energy Transition PLCdividend payment date
Tritax EuroBox PLC dividend payment date
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
5 Jan 2024 08:57

LONDON BROKER RATINGS: Jefferies cuts Mondi to 'hold' from 'buy'

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

Read more
5 Jan 2024 07:39

LONDON BRIEFING: Clarkson to beat expectations; Ithaca CEO leaves

(Alliance News) - Stocks in London are expected to head lower at Friday's market open, as the year-end optimism about US rate cuts ebbs ahead of crucial economic data.

Read more
4 Jan 2024 17:03

FTSE 100 rebounds as Next outweighs slump in JD Sports

Next shines on profit forecast hike

*

Read more
4 Jan 2024 14:01

UK earnings, trading statements calendar - next 7 days

Friday 5 January 
no events scheduled 
Monday 8 January 
no events scheduled 
Tuesday 9 January 
B&M European Value Retail SATrading Statement
Games Workshop Group PLCHalf Year Results
Wednesday 10 January 
Glenveagh Properties PLCTrading Statement
Greggs PLCTrading Statement
Gym Group PLCTrading Statement
Hunting PLCTrading Statement
J Sainsbury PLCTrading Statement
Nichols PLCTrading Statement
Persimmon PLCTrading Statement
Thursday 11 January 
Atrato Onsite Energy PLCFull Year Results
Ferrexpo PLCFull Year Results
Hilton Food Group PLCFull Year Results
Knights Group Holdings PLCHalf Year Results
Marks & Spencer Group PLCTrading Statement
MJ Gleeson PLCTrading Statement
Reach PLCTrading Statement
Robert Walters PLCTrading Statement
Taylor Wimpey PLCTrading Statement
Tesco PLCTrading Statement
Whitbread PLCTrading Statement
XP Power LtdTrading Statement
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
3 Jan 2024 16:52

LONDON MARKET CLOSE: Stocks down ahead of US Fed minutes

(Alliance News) - Stock prices in London closed lower on Wednesday, as investors nervously look ahead to the latest US Federal Reserve meeting minutes.

Read more
3 Jan 2024 08:46

TOP NEWS: UK grocers enjoy bumper Christmas and inflation cools

(Alliance News) - The UK grocery sector had its busiest festive period since the onset of the Covid-19 pandemic four years ago, numbers from Kantar showed on Wednesday, while price inflation worries for consumers abated.

Read more
3 Jan 2024 08:42

Discounters, Sainsbury's and Tesco are UK Christmas winners -Kantar

*
Sainsbury's sales up 9.3% in 12 weeks to Dec. 24 - Kantar

Read more
2 Jan 2024 17:05

British equities slip on higher yields, financials drag

FTSE 100 down 0.2%, FTSE 250 off 0.9%

*

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