Last checked at 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
- 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
News1
MKS Share
Chat2
MKS Share
Trades1,901
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:
255.60
Bid:
255.50
Ask:
255.70
Change:
1.10 (0.43%)
Spread:
0.20 (0.078%)
Open:
255.30
High:
257.30
Low:
253.00
Prev. Close:
254.50
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Broker snap: Nomura cuts forecasts at M&S ahead of Q3 update
Fri, 04th Jan 2013 11:09
Nomura has lowered its forecasts for High Street retailer Marks & Spencer (M&S) ahead of the group's third-quarter trading update, but has retained its 'buy' rating and 420p target price for the stock.Based on recent Kantar market data points and comparatives, the broker expects M&S to report a UK retail like-for-like (LFL) sales decline of 1.4% in the third quarter."For general merchandise (GM) market data from Kantar Worldpanel broadly suggested a 9% decline in clothing sales in October and a flat performance in November. We expect December sales to struggle against tough prior-year promotion-driven comparatives to make positive ground, despite some reports of strong retail sales in the week before Christmas," Nomura said."Assuming they are flat in December, this suggests general merchandise 3Q sales down 2.2% (-3.5% LFL) given the strong weighting of sales towards December in the quarter."Food data has stayed relatively robust, the broker said, with Kantar posting a 1% increase in October and a 4.8% rise in November for the food and drink series. Nomura expects 3% growth in third-quarter food sales at M&S (up 0.5% LFL).However, with full-year food space growth now expected to be 2.4% (down from the 2.6% previous estimate), Nomura forecasts just a 1% increase in food LFL sales (down from 1.5% previously). GM sales are expected to fall by 2.7% for the full year (down from the -1.3% estimate previously).The full-year (ending March 2013) profit before tax forecast is reduced from £694m to £666m."In our view, M&S is changing trading stance from one driven by market share (and often promotion), to a more full-price-oriented approach. In our view, this will result in difficult quarters in top-line terms, but over time could help deliver a significant margin opportunity relative to peers."Shares were down 2.96% at 376.9p by 11:09 on Friday.BC
More News
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 more27 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 more26 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 more26 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 more16 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 more16 Feb 2024 08:41
LONDON MARKET OPEN: Stocks climb amid UK retail sales surprise
(Alliance News) - Stock prices in London opened higher on Friday morning, after a sentiment-boosting UK retail sales reading which calmed some nerves about the economy.
Read more15 Feb 2024 11:45
Marks & Spencer adds Puma, Reebook to sports edit platform on website
(Alliance News) - Marks & Spencer Group PLC on Thursday announced an expansion in the range of sportswear products.
Read more30 Jan 2024 09:02
TOP NEWS: UK grocery price inflation slowdown pauses in January
(Alliance News) - UK consumers continued to hunt for deals during their supermarket shopping in January, numbers from Kantar on Tuesday showed, but more limited promotional activity meant price inflation only eased slightly.
Read more23 Jan 2024 11:23
Staffline shares fall as profit declines; notes headwinds
(Alliance News) - Staffline Group PLC on Tuesday said underlying operating profit fell in line with market expectations in 2023 as it aimed to "deliver progress into 2024" despite headwinds.
Read more19 Jan 2024 12:04
LONDON MARKET MIDDAY: FTSE 100 edges up despite poor UK retail sales
(Alliance News) - The FTSE 100 edged higher on Friday at around midday, though the pound struggled after data showed that UK retail sales plunged in December.
Read more19 Jan 2024 08:50
LONDON MARKET OPEN: FTSE 100 rises amid UK shock retail sales print
(Alliance News) - Stock prices in London outperformed on Friday's market open, after weaker-than-expected UK retail sales data appeared to stoke hopes of an earlier interest rate cut.
Read more18 Jan 2024 12:47
M&S to invest £30m in Scottish stores
(Sharecast News) - Marks & Spencer Group is to invest £30m overhauling its Scottish offering, including closing one of its stores in Aberdeen, the retailer said on Thursday.
Read more17 Jan 2024 16:55
LONDON MARKET CLOSE: Stocks slump as Fed rate cut hope dwindles
(Alliance News) - European equities slumped on Wednesday, as interest rate expectations, on both sides of the Atlantic, were re-assessed on the back of some hawkish rhetoric and hotter inflation data.
Read more16 Jan 2024 12:00
Britain's Ocado Retail pauses new sites for two to three years
Hatfield site closed in 2023, Luton opened
*Read more