The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 302.00
Bid: 301.60
Ask: 301.80
Change: 2.80 (0.94%)
Spread: 0.20 (0.066%)
Open: 302.80
High: 304.80
Low: 299.60
Prev. Close: 299.20
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Broker snap: Citi remains upbeat about M&S prospects

Fri, 10th Jan 2014 09:49

Marks & Spencer's share price was extending gains on Friday morning after Citigroup maintained its 'buy' rating for the stock on the back of a confident outlook.The stock rose strongly on Thursday following its third-quarter results despite the company failing to meet forecasts with its like-for-like (LFL) sales, with sentiment propped up by upbeat comments from a number of analysts.LFL sales in the UK fell by 0.2% in the three months ended December 28th, some 100 basis points lower than Citi's forecasts. Total sales rose by just 1.5%, below the 2% expected by the US bank, with ongoing weakness in General Merchandise (GM) outweighing a strong Food performance. Citi said that the 'miss' mainly reflects the highly promotional UK clothing market in the run-up to Christmas.However, the bank remains bullish: "The combination of our stronger 2014 and 2015 UK economic growth forecasts, and M&S management initiatives (especially on GM availability) has markedly improved the credibility of double-digit FY15 and FY16 M&S earnings per share growth forecasts."We argue that this should underpin the group's current undemanding valuation metrics."The bank's 510p target price equates to a price-to-earnings ratio of 13.The stock was up 2.04% at 470.3p by 10:40 on Friday, trading at not seen since the start of December.BC
More News
11 Mar 2024 07:45

LONDON BRIEFING: Currys suitor rules out bid; Vanquis warns on 2024

(Alliance News) - Stocks in London are called to open lower on Monday, in a nervy start to the week ahead of US inflation data due on Tuesday.

Read more
7 Mar 2024 10:07

UPDATE: Marks & Spencer confirms Co-CEO Bickerstaffe to leave in July

(Alliance News) - Marks & Spencer Group PLC on Thursday said Co-Chief Executive Officer Katie Bickerstaffe will leave the company after the annual general meeting in July.

Read more
7 Mar 2024 09:25

M&S co-CEO Bickerstaffe to retire after AGM in July

(Sharecast News) - Marks & Spencer confirmed on Thursday that co-chief executive Katie Bickerstaffe will retire after the annual meeting in July "to pursue her board career".

Read more
6 Mar 2024 21:08

PRESS: Marks & Spencer Co-CEO Bickerstaffe to leave for Kingfisher

(Alliance News) - Marks & Spencer's Co-Chief Executive Officer Katie Bickerstaffe is set to leave the company, Sky News reported on Wednesday evening.

Read more
4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

Read more
1 Mar 2024 16:53

LONDON MARKET CLOSE: Stocks rise despite mixed US manufacturing data

(Alliance News) - European equities had a solid end to the week, and a stellar run for US markets continued, with focus turning to a key week of fiscal and monetary policy updates.

Read more
1 Mar 2024 12:17

M&S wins legal battle against UK government over demolition of store

(Alliance News) - Marks & Spencer Group PLC has won a legal battle against the UK government over plans to demolish one of its flagship London stores.

Read more
1 Mar 2024 11:35

M&S wins court battle over Oxford St store demolition

(Sharecast News) - Marks & Spencer has come a step closer to demolish its main store on London's Oxford Street after the High Court ruled that a decision by government minister Michael Gove to block the plan was unlawful.

Read more
29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

Read more
27 Feb 2024 11:53

LONDON MARKET MIDDAY: FTSE 100 falters; eyes on US data

(Alliance News) - Stock prices in London were lower at midday Tuesday, ahead of slew of US data which could help determine the course of interest rates.

Read more
27 Feb 2024 10:28

M&S investing £89m to raise store workers' pay to £12 an hour

(Sharecast News) - High street retailer Marks & Spencer has announced it is to pay UK workers in the Real Living Wage of £12 per hour and make "significant improvements" in family leave policies.

Read more
27 Feb 2024 08:32

TOP NEWS: UK grocery price inflation decelerates amid Valentine's Day

(Alliance News) - Grocery price inflation dropped to two-year low in the UK, as shoppers prioritised savings on Valentine's Day, new data on Tuesday showed.

Read more
26 Feb 2024 15:11

London close: Stocks fall as investors look to US data

(Sharecast News) - London markets closed in negative territory on Monday, as investors remained cautious ahead of the release of crucial US economic data later in the week.

Read more
26 Feb 2024 11:08

M&S withholding multi-million pound payment to Ocado over performance failures

(Sharecast News) - Ocado slumped on Monday following a report over the weekend that Marks & Spencer is withholding a multimillion-pound payment to the group after their grocery delivery venture missed key performance targets.

Read more
16 Feb 2024 12:07

LONDON MARKET MIDDAY: Stocks up as UK retail sales soften GDP jitters

(Alliance News) - Stock prices in London were up strongly at midday on Friday, buoyed by UK retail sales data that came in far better than expected and soothed worries about the economy after numbers on Thursday showed it entered recession last year.

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.