The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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
16 Jan 2024 12:00

Britain's Ocado Retail pauses new sites for two to three years

Hatfield site closed in 2023, Luton opened

*

Read more
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 more
16 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 more
16 Jan 2024 08:26

Britain's Ocado Retail returns to positive earnings in 2022/23 year

Q4 2022/23 revenue up 10.9%

*

Read more
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%.

Read more
12 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 more
11 Jan 2024 17:24

European shares fall as hot U.S. inflation data rains on rate-cut hopes

WPP down after UBS downgrade

*

Read more
11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

U.S. inflation data sparks selloff

*

Read more
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 more
11 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 more
11 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 more
11 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 more
11 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 more
11 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 more
11 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.

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.