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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: 307.10
Bid: 307.00
Ask: 307.20
Change: -2.00 (-0.65%)
Spread: 0.20 (0.065%)
Open: 310.10
High: 310.10
Low: 304.50
Prev. Close: 309.10
MKS Live PriceLast checked at -

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Goldman takes down price targets on UK General Retailers

Mon, 27th Jun 2016 12:49

(ShareCast News) - Goldman Sachs cuts its target prices on General Retailers in the UK on expectations for lower non-food retail spending in 2017, to reflect movements in foreign exchange rates and on the basis of a now higher estimated UK equity risk premium.Combined, those three factors drove an average reduction in their 2017/2018 earnings per share estimates of between 3.0% and 5.0% and a 11% target price reduction for the companies in the sector covered by Goldman's analysts.The broker also downgraded its recommendation on stock of Kingfisher from 'buy' to 'neutral' (from 435p to 375p) and on Sports Direct from 'neutral' to 'sell' (and the target from 400p to 300p).Goldman also kept to a 'sell' stance on shares of Associated British Foods, Debenhams, H&M, Marks&Spencer and Next.Following the UK referendum, UK non-food retail spend would be 100 basis points lower in 2017 while the UK 'equity risk' premium would be 100 basis points higher, the analysts said.The impact on food retailers was expected to be "less severe", Goldman said in a research note published on Monday but dated 26 June."Across our UK Food Retail coverage, we forecast a broadly neutral top-line impact on sales related to the UK referendum," analysts Richard Edwards, Rob Joyce, Abhilash Mohapatra and Natasha de la Grense said.The more benign outlook for food retail was because the inflationary impact of a weaker sterling on food prices - 25% of UK food comes from Europe - would offset the negative impact on volumes from weaker consumer spend.The broker cut its target price on several of the UK food retailers under its coverage by approximately 6%, reflecting an increase of about 50 basis points in the discount rate applied to their cash flows.The analysts said that in an environment of increased uncertainty they preferred exposure to "structural growth" stories, such as Ocado, Booker and Jeronimo Martins).
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10 Oct 2023 08:44

TOP NEWS: UK grocery price inflation cools; sales lifted by promotions

(Alliance News) - UK grocery price inflation cooled to a seventh-month low of 11% in the four weeks to October 1 as prices of staple foods dropped, according to survey data from Kantar on Tuesday.

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29 Sep 2023 12:21

Broker tips: Marks & Spencer, Intertek, Landsec

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.

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29 Sep 2023 10:58

BofA Merrill Lynch upgrades Marks & Spencer to 'buy'

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.

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29 Sep 2023 09:15

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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22 Sep 2023 08:42

LONDON MARKET OPEN: Stocks slip after central bank rate calls

(Alliance News) - Stock prices in London opened lower on Friday, but managed to avoid the steep declines seen in New York, as investors mulled over an eventful week dominated by central bank decisions.

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21 Sep 2023 12:20

LONDON MARKET MIDDAY: Sterling slumps as BoE ends hiking streak

(Alliance News) - Stocks in London perked up heading into Thursday afternoon after the Bank of England, like the Federal Reserve, decided against a hike, hurting the pound.

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19 Sep 2023 14:22

Director dealings: M&S non-exec invests, Brooks Macdonald CEO deals with options

(Sharecast News) - Marks & Spencer was among those on the list of director buys on Tuesday after a non-executive director picked up more than 9,000 shares.

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19 Sep 2023 07:03

Ocado holds guidance as Q3 retail sales rise 7.2%

(Sharecast News) - Online grocer and technology company Ocado maintained annual guidance after a 7.2% rise in third-quarter retail revenues.

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13 Sep 2023 09:29

LONDON BROKER RATINGS: Goldman Sachs likes HSBC; RBC raises CVS

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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13 Sep 2023 07:48

LONDON BRIEFING: St James's Place appoints new chief Mark FitzPatrick

(Alliance News) - Stocks are called to open lower on Wednesday, as traders remain cautious ahead of a highly awaited US inflation report.

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12 Sep 2023 08:46

TOP NEWS: UK grocery price inflation cools to lowest level in a year

(Alliance News) - Annual grocery price inflation in the UK decelerated to 12.2% in the four weeks that ended September 3, from 12.7% a month before, according to survey data from Kantar on Tuesday.

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11 Sep 2023 06:56

UK retailers warn chancellor against GBP400m business rates hike

(Alliance News) - Bosses of a raft of Britain's biggest retailers, such as Tesco PLC, Marks & Spencer Group PLC and Kingfisher PLC's B&Q, have urged Chancellor Jeremy Hunt to freeze their property taxes to avoid a roughly GBP400 million hike.

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6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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6 Sep 2023 09:02

LONDON MARKET OPEN: Stocks fall amid high oil prices

(Alliance News) - Stock prices in London opened lower on Wednesday, as high oil prices gave rise to fears of renewed inflationary pressures and interest rate hikes.

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31 Aug 2023 17:02

Miners drag FTSE 100 lower to snap 6-day winning streak

Glencore among top losers on FTSE 100

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