Last checked at 18 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.
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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:
276.20
Bid:
276.10
Ask:
276.30
Change:
2.30 (0.84%)
Spread:
0.20 (0.072%)
Open:
275.10
High:
276.50
Low:
273.30
Prev. Close:
273.90
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Don't have an account? Click here to register.Broker tips: M&S, Morrison, ARM, Spirent
Thu, 09th Jan 2014 11:33
Numis Securities has scaled back its profit forecasts for Marks & Spencer (M&S) after the High Street retailer missed expectations in its third quarter. The broker maintained a 'hold' rating and 450p target price for the stock.Investec also reduced its forecasts for M&S after the results, but upgraded its rating from 'hold' to 'buy', saying that the business should now become cash generative given that the current year is the last year of elevated capital expenditure (capex). Panmure Gordon has trimmed its target price for Morrison and reiterated its 'sell' rating after a "very disappointing Christmas" by the UK grocer.The analysts said: "This has been a tough trading period for all retailers, but the weakness of these results clearly reveals a fundamental weakness in Morrison's business model - extending to more we believe than just a lack of exposure to convenience and online, although clearly this is the main issue."Deutsche Bank has lowered its recommendation for chip designer ARM Holdings from 'buy' to 'hold', saying that consensus forecasts for 2014 look too high. It cut its target price for the stock from 1,130p to 1,070p.The bank still believes that ARM remains "one of the best secular growth stories in the sector". However, after a strong finish to 2013 it said that the share price is now ignoring "several risks".Analysts at Jefferies have cut their rating for communications technology group Spirent Communications from 'buy' to 'hold' and slashed their target price from 150p to 103p.The broker said that it is "testing times" for Spirent with 2014 likely to be a "year of slow improvement".BC
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Britain's Ocado Retail pauses new sites for two to three years
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*Read more16 Jan 2024 09:08
Britain's Ocado Retail won't open new sites in next 2 to 3 years -CEO
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*Read more16 Jan 2024 07:09
Britain's Ocado Retail returns to positive earnings in 2022/23 year
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*Read more11 Jan 2024 17:03
11 Jan 2024 16:53
LONDON MARKET CLOSE: Stocks lower on hotter-than-expected US inflation
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Read more11 Jan 2024 16:34
London close: Stocks fall as US inflation comes in hot
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Read more11 Jan 2024 12:02
Partying Britons boost Tesco and M&S at Christmas but cautious for new year
LONDON, Jan 11 (Reuters) - Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic conditions.
Read more11 Jan 2024 12:00
LONDON MARKET MIDDAY: Stocks level out as US inflation nerves kick in
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Read more11 Jan 2024 09:44
Tesco raises profit outlook again after strong Christmas sales
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