Last checked at 16 Jan 2024 12:00
Britain's Ocado Retail pauses new sites for two to three years
Hatfield site closed in 2023, Luton opened
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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:
258.30
Bid:
258.30
Ask:
258.50
Change:
3.70 (1.45%)
Spread:
0.20 (0.077%)
Open:
254.60
High:
259.20
Low:
254.60
Prev. Close:
254.60
Last checked at -
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Don't have an account? Click here to register.Broker tips: WM Morrison, Astrazeneca, M&S, Shanks
Thu, 06th Nov 2014 13:00
Shore Capital has retained a 'hold' rating for supermarket group Wm Morrison after a mixed set of third-quarter results, saying that it is "critical" that trading improves over the pivotal Christmas period."It is essential that the group trades much more robustly in the current quarter and then displays more evidence than it is currently showing that its trading strategy is striking a much stronger chord with British shoppers. There are plenty of headwinds and bumps in the road facing Morrison's albeit a brighter future may yet transpire for its beleaguered investors."Upgrades to full-year guidance at pharmaceutical firm Astrazeneca may have reassured investors, but the average analyst still remains on the fence, according to Hargreaves Lansdown Stockbrokers.It said that the analyst consensus opinion is currently pointing to a 'hold', with the share price having jumped over 40% over the last year alone.Deutsche Bank has raised its recommendation for Marks & Spencer from 'hold' to 'buy' after its better-than-expected first half, predicting the start of a mutli-year margin recovery at the high-street retailer."We are increasingly convinced this is the beginning of a multi-year margin journey as M&S reaps the rewards of years of supply chain modernisation and, with higher confidence in M&S' long term margin potential we raise our [target price] to 510p [from 470p]," said analysts Charlie Muir-Sands and Warwick Okines.Broker Investec is advising investors to keep hold of shares in Shanks after the waste group revealed tough first half results but managed to avoid any nasty surprises."The long-term structural investment case remains, with management actions being taken to address the short-term issues, but evidence of a definite uptick in solid waste Benelux is needed before we change our view. Hold."
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16 Jan 2024 09:08
Britain's Ocado Retail won't open new sites in next 2 to 3 years -CEO
LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail is currently operating at about 75% of its capacity and does not expect to open any new robotic warehouses in the UK for two to three years, its boss said on Tuesday.
Read more16 Jan 2024 08:50
Ocado Retail CEO: Red Sea disruption impact will be minimal
LONDON, Jan 16 (Reuters) - The chief executive of Ocado Retail said she is not expecting to see much impact on the British online supermarket from disruption to shipping in the Red Sea.
Read more16 Jan 2024 08:26
Britain's Ocado Retail returns to positive earnings in 2022/23 year
Q4 2022/23 revenue up 10.9%
*Read more16 Jan 2024 07:09
Britain's Ocado Retail returns to positive earnings in 2022/23 year
LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after reporting fourth quarter to Nov. 26 revenue growth of 10.9%.
Read more12 Jan 2024 09:14
LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more11 Jan 2024 17:24
European shares fall as hot U.S. inflation data rains on rate-cut hopes
WPP down after UBS downgrade
*Read more11 Jan 2024 17:03
11 Jan 2024 16:53
LONDON MARKET CLOSE: Stocks lower on hotter-than-expected US inflation
(Alliance News) - Stock prices in London closed lower on Thursday, after US rate cut expectations suffered a setback following some hotter-than-expected inflation data.
Read more11 Jan 2024 16:34
London close: Stocks fall as US inflation comes in hot
(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.
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
(Alliance News) - Upbeat morning trade for European markets gave way to caution by midday on Thursday, as investors look to a make-or-break US inflation reading, and what it could mean for the Federal Reserve interest rate outlook.
Read more11 Jan 2024 09:44
Tesco raises profit outlook again after strong Christmas sales
6 weeks to Jan 6 UK like-for-like sales up 6.8%
*Read more11 Jan 2024 08:40
LONDON MARKET OPEN: Stocks in the green; M&S slides as Tesco edges up
(Alliance News) - Stock prices in London climbed at Thursday's market open, with investors feeling hopeful ahead of US inflation data, and considering Christmas updates from grocery companies.
Read more11 Jan 2024 07:41
LONDON BRIEFING: M&S reports strong sales momentum; Tesco ups guidance
(Alliance News) - Stocks in London are tipped for a strong start on Thursday, as global equity markets benefit from optimism ahead of the US inflation print later in the day.
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