Last checked at 15 May 2024 09:22
LONDON BROKER RATINGS: JPMorgan puts B&M on 'negative catalyst watch'
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
Read more
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Marks & Spencer Share News (MKS)
MKS Share
Price
MKS Share
News
MKS Share
Chat
MKS Share
Trades185
MKS
Live RNS
MKS Share
Charts
MKS Level 2
Console
MKS Live
Share Price
MKS Broker
Ratings
MKS Directors
Deals
MKS Financial
Diary
MKS
Fundamentals
MKS Short
Positions
MKS
Media
Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
303.60
Bid:
303.60
Ask:
303.80
Change:
0.30 (0.10%)
Spread:
0.20 (0.066%)
Open:
302.40
High:
304.40
Low:
302.20
Prev. Close:
303.30
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Broker snap: M&S full-year forecasts under pressure, says Credit Suisse
Mon, 07th Oct 2013 09:14
High Street department store Marks & Spencer (M&S) was trading in the red on Monday morning after Credit Suisse retained its 'underperform' rating, saying that full-year forecasts 'look demanding' after a weak first half. It said the stock is trading at a 20% premium to its long-term average and looks "overbought" after a 30% rise so far this year.The bank has cut its second-quarter like-for-like sales estimate from +0.5% to -1.5%, saying it reckons that the quarter has been slower than expected for M&S's UK General Merchandise (GM) division. Meanwhile, with higher mark-downs over the summer and an earlier mid-season sale it now forecasts a first-half gross-margin (GM) decline of 40 basis points (bp). This compares with the full-year guidance for 30-50bp growth.Ahead of the first-half report on November 5th, Credit Suisse expects a profit before tax (PBT) of £235m, down 20% year-on-year.The bank said: "Although we are not cutting full-year forecasts (clean PBT £668m +0.5% year-on-year), first-half PBT would represent 35% of our full-year PBT forecast which compares with an average of 46% over the past seven years, and second-half PBT will therefore have to increase by 18% year-on-year."This is just possible, if everything goes right in general merchandise (GM), Food and International. However after three years of steady downgrades, and a relatively wide consensus range, the top end of the range (over £700m PBT) looks set to fall even if management maintain guidance on costs and gross margins."The stock was down 2.73% at 480.5p in morning trading.BC
More News
2 May 2024 17:06
FTSE 100 boosted by strong earnings from Shell, StanChart
StanChart jumps after posting a 5.5% rise in pretax profit
*Read more2 May 2024 08:00
Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ
LONDON, May 2 (Reuters) - Online supermarket Ocado , discounter Lidl and upmarket food seller Marks & Spencer were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday.
Read more29 Apr 2024 17:13
Ocado pay policy opposed by 19% of votes cast at annual meeting
LONDON, April 29 (Reuters) - Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million).
Read more23 Apr 2024 12:00
LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges
(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.
Read more23 Apr 2024 08:54
LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend
(Alliance News) - Stock prices in London continued to build on Monday's gains early on Tuesday, thanks to sentiment boosted by the prospect of interest rate cuts.
Read more23 Apr 2024 08:36
TOP NEWS: Grocery inflation eases again in April despite early Easter
(Alliance News) - Grocery price inflation eased further in April, aided by a significant increase in promotional spending, new data showed on Tuesday.
Read more22 Apr 2024 17:21
London shares climb over 1%, M&A action lifts midcap stocks
FTSE 100 up 1.6%, FTSE 250 adds 1.1%
*Read more22 Apr 2024 16:58
LONDON MARKET CLOSE: New record close for FTSE 100 as war fears ease
(Alliance News) - London's FTSE 100 surged on Monday, with blue-chip equities supported by an easing of geopolitical worry, and hope that the Bank of England is getting a handle on UK inflation.
Read more22 Apr 2024 14:54
London close: Stocks jump on weaker sterling, easing geopolitics
(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.
Read more22 Apr 2024 11:33
Jefferies upgrades M&S, Next and Sainsbury's to 'buy'
(Sharecast News) - Jefferies upgraded its stance on a host of UK retail stocks on Monday.
Read more22 Apr 2024 09:04
LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read more22 Apr 2024 08:49
LONDON MARKET OPEN: Hipgnosis jumps on Blackstone rival offer
(Alliance News) - Stock prices in London opened higher on Monday, as investors shook off nerves ahead of a key US inflation reading later this week.
Read more19 Apr 2024 16:56
London close: Stocks mixed as investors watch Middle East newsflow
(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.
Read more17 Apr 2024 08:53
LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope
(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.
Read more