Last checked at 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
- 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
Trades134
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:
310.00
Bid:
310.00
Ask:
310.40
Change:
-0.10 (-0.03%)
Spread:
0.40 (0.129%)
Open:
310.50
High:
310.50
Low:
308.90
Prev. Close:
310.10
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 still a 'buy' despite tough Q2, says Nomura
Wed, 09th Oct 2013 10:45
Nomura has retained its 'buy' rating for High Street group Marks & Spencer (M&S), saying that while the hot summer weather and promotions are likely to have been unhelpful in the second quarter, there is little to suggest it is an underlying problem.Given tough comparatives with last September (which saw 9% growth), Nomura is looking for a flat September this year, leading to a 0.4% decline in like-for-like (LFL) sales in the second quarter (three months to September 29th).The broker said that following the first-quarter update in July, M&S was already behind its above-consensus full-year forecasts. "Since then, we expect the early summer sale in June, prior to the heat wave, will have been unhelpful in driving 2Q full-price sales. The industry in general has struggled against tough promotional comparatives and warm temperatures," said analyst Fraser Ramzan.He said that he has reduced his full-year profit before tax forecast by £25m, after cutting LFL growth and margin estimates for General Merchandise (GM), offset slightly by an increase to the expected gross margin growth for food retail.Nevertheless, the new profit before tax estimate of £677m still remains above consensus forecasts before recent downgrades. Ramzan said that the 12% decline in profits in the first half should be countered with a 18% improvement in the second half."We are bullish on UK retail, with M&S LFLs highly correlated to consumer confidence, which has been rising sharply in recent months. We also believe M&S is substantially under-earning in margin terms with GM gross margins 51% versus 57-60% for peers. "The current strategy to improve product availability and reduce markdown issues in our opinion will significantly narrow this gap, and we believe the division has a credible management team in place to execute on the strategy."Nomura maintained its 540p target price. The stock was up 0.22% at 464.8p on Wednesday morning.BC
More News
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 more31 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 more30 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 more29 Aug 2023 17:00
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 more23 Aug 2023 10:24
Britain's Ocado Retail and Sainsbury's cut prices again
Ocado Retail cuts prices of 200 products
*Read more23 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 more23 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 more23 Aug 2023 00:01
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 more22 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 more22 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 more21 Aug 2023 00:00
Food tech company ENOUGH raises 40 million euros
New fundraising led by World Fund and CPT Capital
*Read more18 Aug 2023 11:18
Temple Bar laments "miserly" UK valuations but promises long-term wins
(Alliance News) - Temple Bar Investment Trust PLC on Friday said its net asset value saw a moderate half-year increase, and that its "fundamentally sound" portfolio will eventually bear fruit despite the tough backdrop.
Read more