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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
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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
MKS Live PriceLast checked at -

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Fat Face seeks LSE listing

Mon, 20th Jan 2014 13:58

Fashion retailer Fat Face has appointed Citigroup and Jefferies to work on a flotation on the London Stock Exchange. The listing is the latest in the retail sector amid a pick-up in initial public offerings as companies take advantage of improved investor sentiment. Fat Face has undergone a major overhaul under former Asda and Marks and Spencer executive Anthony Thompson, who put a stop the company's policy of constant discounting. The group was selling more than half of its products on markdowns three years ago, which Thompson said was undermining its brand and price integrity. After ending its discounting policy, the company saw Christmas trading improve with sales up 5% in the five weeks to January 4th. Fat Face is now looking to expand in the US with plans to launch website and a small number of stores around Boston and across New England in the next 18 months to two years.RD
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