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LONDON MARKET OPEN: Stocks fall amid high oil prices
(Alliance News) - Stock prices in London opened lower on Wednesday, as high oil prices gave rise to fears of renewed inflationary pressures and interest rate hikes.
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Marks & Spencer Share News (MKS)
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Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
Share Price is delayed by 15 minutes
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Share Price:
295.40
Bid:
295.70
Ask:
295.90
Change:
-1.50 (-0.51%)
Spread:
0.20 (0.068%)
Open:
297.30
High:
297.90
Low:
291.80
Prev. Close:
296.90
Last checked at -
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Don't have an account? Click here to register.Broker snap: Credit Suisse reiterates underweight on M&S
Fri, 06th Dec 2013 12:15
It has been a remarkable year for the General Retail sector, with the UK index´s 33 per cent rise comfortably outstripping gains in the rest of the market. However, 2013 has also seen high single-digit downgrades across the space. That has left valuations (the average price-to earnings multiple sits now at 15 times´ next year´s forecast profit) quite stretched, wrote Credit Suisse on Friday. Only a modest recovery in consumption is expected for next year. Furthermore, in the US spending is likely to shift towards deep cyclical consumer durables in response to the housing market, which may tend to substitute for spending in apparel. On the bright side, bottom-up estimates for several metrics, such as sales growth rates, EBIT and EPS growth all point to a notable acceleration over the next two years, the Swiss broker has calculated. EPS is expected to expand by more than 10% for all stocks in the sector during that period, except for one in 2015. As a result Credit Suisse believes that 2014 should favour companies such as Kingfisher or those with potential for self-help, such as H&M. However, UK data points for M&S in the third quarter had been tracking below forecasts. Hence, the broker has cut its forecasts for clean PBT to £636m or flat year-on-year. The analysts added that their expectation is for transition costs to continue to outweigh the benefits for at least another year.They chose to maintain their 12-month forward price target of 425p and 'underperform' rating on the company. AB
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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.
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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.
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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.
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Britain's gloomy weather dents supermarket sales growth into August -NIQ
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