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Britain's Ocado Retail returns to positive earnings in 2022/23 year
Q4 2022/23 revenue up 10.9%
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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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16 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%.
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Partying Britons boost Tesco and M&S at Christmas but cautious for new year
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Read more11 Jan 2024 12:00
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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
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LONDON BRIEFING: M&S reports strong sales momentum; Tesco ups guidance
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M&S sees FY in line as Christmas sales rise 8.1%
(Sharecast News) - UK retailer Marks & Spencer said it expected to deliver annual results in line with expectations despite higher-than-expected cost increases as it reported an 8.1% rise in sales over the key Christmas quarter driven by food revenue and womenswear.
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UK's M&S Christmas food sales growth topped only by Lidl
M&S food sales up 12.1% year-on-year in 12 weeks to Dec 30 -NIQ
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