Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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 -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Full customs checks risk becoming 'incendiary' in N.Ireland, M&S says

Wed, 21st Jul 2021 08:02

LONDON, July 21 (Reuters) - The introduction of full customs
checks between Britain and Northern Ireland risks becoming
"incendiary" when the province's customers see higher prices,
empty shelves and the loss of favourite products, one of the
country's biggest retailers said.

Archie Norman, the chairman of Marks & Spencer, told
BBC Radio that the planned introduction of full post-Brexit
checks in October would threaten his business and prevent the
food and clothing retailer from providing its full range.

Customs officials have so far applied a light-touch approach
to checking goods entering Northern Ireland from Britain under a
protocol system that was designed to keep open the province's
border with EU member Ireland while stopping goods from
entering the EU's single market unchecked across that frontier.

Norman said the retailer had already struggled to get goods
into EU members Ireland and France since Britain left the
European Union's single market at the beginning of the year, due
to the huge amount of paperwork that was required.

He expects his stores in Northern Ireland to suffer a
similar fate if the introduction of full checks goes ahead.

"It risks being incendiary for the public in Northern
Ireland because you can't think of a more visible demonstration
of how you're no longer a full part of the United Kingdom than
you can't get your favourite Christmas products, you can't buy
M&S chicken, free range eggs, sandwiches," he said.

"It's going to be very very serious for customers."

The protocol keeps Northern Ireland inside the EU single
market for goods. Norman said M&S had employed 13 full-time vets
to tick boxes and fill out forms. Switching supply chains to
increase production in Ireland would increase prices, he said.

"I really, really worry about the visibility of this because
... everyone in Northern Ireland is going to see, very very
visibly, the impact of Brexit and the protocol because there
will be gaps on the shelves," he said, adding that they had
already delisted some products for Christmas.

Norman has followed rivals Tesco, Sainsburys' and Asda in
writing to Britain's Brexit minister David Frost to warn about
the impact.
(Reporting by Kate Holton; editing by Guy Faulconbridge)

More News
29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

Read more
27 Feb 2024 11:53

LONDON MARKET MIDDAY: FTSE 100 falters; eyes on US data

(Alliance News) - Stock prices in London were lower at midday Tuesday, ahead of slew of US data which could help determine the course of interest rates.

Read more
27 Feb 2024 10:28

M&S investing £89m to raise store workers' pay to £12 an hour

(Sharecast News) - High street retailer Marks & Spencer has announced it is to pay UK workers in the Real Living Wage of £12 per hour and make "significant improvements" in family leave policies.

Read more
27 Feb 2024 08:32

TOP NEWS: UK grocery price inflation decelerates amid Valentine's Day

(Alliance News) - Grocery price inflation dropped to two-year low in the UK, as shoppers prioritised savings on Valentine's Day, new data on Tuesday showed.

Read more
26 Feb 2024 15:11

London close: Stocks fall as investors look to US data

(Sharecast News) - London markets closed in negative territory on Monday, as investors remained cautious ahead of the release of crucial US economic data later in the week.

Read more
26 Feb 2024 11:08

M&S withholding multi-million pound payment to Ocado over performance failures

(Sharecast News) - Ocado slumped on Monday following a report over the weekend that Marks & Spencer is withholding a multimillion-pound payment to the group after their grocery delivery venture missed key performance targets.

Read more
16 Feb 2024 12:07

LONDON MARKET MIDDAY: Stocks up as UK retail sales soften GDP jitters

(Alliance News) - Stock prices in London were up strongly at midday on Friday, buoyed by UK retail sales data that came in far better than expected and soothed worries about the economy after numbers on Thursday showed it entered recession last year.

Read more
16 Feb 2024 08:41

LONDON MARKET OPEN: Stocks climb amid UK retail sales surprise

(Alliance News) - Stock prices in London opened higher on Friday morning, after a sentiment-boosting UK retail sales reading which calmed some nerves about the economy.

Read more
15 Feb 2024 11:45

Marks & Spencer adds Puma, Reebook to sports edit platform on website

(Alliance News) - Marks & Spencer Group PLC on Thursday announced an expansion in the range of sportswear products.

Read more
30 Jan 2024 09:02

TOP NEWS: UK grocery price inflation slowdown pauses in January

(Alliance News) - UK consumers continued to hunt for deals during their supermarket shopping in January, numbers from Kantar on Tuesday showed, but more limited promotional activity meant price inflation only eased slightly.

Read more
23 Jan 2024 11:23

Staffline shares fall as profit declines; notes headwinds

(Alliance News) - Staffline Group PLC on Tuesday said underlying operating profit fell in line with market expectations in 2023 as it aimed to "deliver progress into 2024" despite headwinds.

Read more
19 Jan 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 edges up despite poor UK retail sales

(Alliance News) - The FTSE 100 edged higher on Friday at around midday, though the pound struggled after data showed that UK retail sales plunged in December.

Read more
19 Jan 2024 08:50

LONDON MARKET OPEN: FTSE 100 rises amid UK shock retail sales print

(Alliance News) - Stock prices in London outperformed on Friday's market open, after weaker-than-expected UK retail sales data appeared to stoke hopes of an earlier interest rate cut.

Read more
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.

Read more
17 Jan 2024 16:55

LONDON MARKET CLOSE: Stocks slump as Fed rate cut hope dwindles

(Alliance News) - European equities slumped on Wednesday, as interest rate expectations, on both sides of the Atlantic, were re-assessed on the back of some hawkish rhetoric and hotter inflation data.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.