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.
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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:
261.50
Bid:
261.60
Ask:
261.80
Change:
0.80 (0.31%)
Spread:
0.20 (0.076%)
Open:
262.20
High:
262.80
Low:
259.10
Prev. Close:
260.70
Last checked at -
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Don't have an account? Click here to register.Citi ups Marks & Spencer to 'buy', notes limited downside
Mon, 14th Nov 2016 11:26
(ShareCast News) - Citigroup upgraded Marks & Spencer to 'buy' from 'neutral' and lifted the price target to 365p from 325p as it said downside was limited and the UK strategy presents upside.The bank said that while it remains cautious about the company's strategy to sustainably reignite sales growth, it has become more confident about delivery on the UK store plan and sees opportunity on central cost savings.In addition, Citi highlighted encouraging signs around full price clothing sales and said that despite the increased cash costs, the free cash flow yield is 6.5% in FY18E and 11% in FY19E, with a dividend yield of 6%."With the stock down around 7% since the strategy update, investor concerns look overdone."Our buy rating is predicated on MKS being able to deliver on its strategic elements whilst maintaining its returns within the Food business. But we see limited downside to the shares at this level and upside from potential upgrades of around 25% over the medium term if MKS delivers."The bank kept its full-year 2017 pre-tax profit estimate at £608m but lifted its estimate for FY18 by 4% to reflect half the benefit from the International loss elimination.Citi said the investment case for Marks is not without risks and it sees more value in the likes of Dixons and Pets at Home, both of which it rates at 'buy'.At 1130 GMT, M&S shares were up 2.7% to 336p.
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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.
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