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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
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Share Price: 333.90
Bid: 334.40
Ask: 334.80
Change: 0.10 (0.03%)
Spread: 0.40 (0.12%)
Open: 332.00
High: 334.80
Low: 328.20
Prev. Close: 333.80
MKS Live PriceLast checked at -

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Grocery sales edge higher ahead of expected festive surge - NIQ

Wed, 11th Dec 2024 12:52

(Sharecast News) - Grocery sales ticked higher last month, industry research showed on Wednesday, ahead of a likely surge in the weeks leading up to Christmas.

According to data from consumer research firm NIQ, total till sales at UK supermarkets grew by 3.7% in the four weeks to 30 November.

That was slightly lower than October's growth of 4%, which NIQ attributed to milder weather, Black Friday and consumers holding out until December for their big Christmas shop.

NIQ said grocery spend was on track to hit £10bn in the two weeks leading up to 21 December, with the final week accounting for most of that.

Mike Watkins, UK head of retailer and business insight at NIQ, said: "The biggest single week will be ending 21 December, with £6bn being spent at the grocery multiples, which is a third of the four weekly spend in one week.

"Last year, with food inflation at 7%, volumes fell in December. However, this year NIQ expects volume growth of around 1%. Even with 50% of households saying it is important for them to make savings on their Christmas groceries, 66% still expect they will spend the same or more than last year."

In November, in-store fast-moving consumer goods (FMCG) sales grew by 5.7%, outstripping online sales, which saw a more modest 0.6% improvement.

NIQ said shoppers were "actively looking for discounts on the shop floor" with the percentages of sales purchased on promotion reaching 25%.

However, among individual grocers, online only Ocado reported the strongest sales growth, up 16.2% over the last 12 weeks. Lidl and Marks & Spencer also saw strong growth, of 11.6% and 10.6% respectively, while Tesco - the UK's largest supermarket - reported a 5.1% uplift.

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IN BRIEF: AEW UK buys "high-yielding" retail asset in "affluent" town

AEW UK REIT PLC - Leeds, England-based real estate investment trust - Announces completion of its purchase of a freehold high-street retail asset in Hitchen, an "affluent commuter town" north of London, for GBP10.0 million. Says the price reflects an "attractive" 8.31% net initial yield and a GBP213 per square foot capital value. Property provides 46,905 square feet of space across 12 retail units and an office building. AEW says the retail units "are fully let to a strong line-up of 12 tenants, with recent leasing activity evidencing the strength of the location". Tenants include Marks & Spencer PLC, Next Holdings Ltd and Vodafone Ltd. AEW says the acquisition demonstrates its "swift and ongoing redeployment of sale proceeds from the recent disposal of Central Six Retail Park in Coventry, with a significant amount of the remaining proceeds also under exclusive negotiation".

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13 Mar 2025 09:04

Britain's John Lewis to step up investment as profit trebles

2024/25 profit 126 mln stg vs 42 mln stg

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12 Mar 2025 12:07

Law Debenture ups payout as net asset value grows; praises Rolls-Royce

(Alliance News) - Law Debenture PLC on Wednesday said its investments in Rolls-Royce Holdings PLC and Marks & Spencer Group PLC performed well last year, as the investment trust's net asset value grew strongly.

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New Brexit rules risk leaving "gaps on shelves" in Northern Ireland

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John Lewis and Currys latest UK retailers to give inflation-busting pay rises

John Lewis gives 65,000 workers 7.4% pay hike

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5 Mar 2025 13:10

Marks & Spencer raises retail staff pay with £95m investment

(Sharecast News) - Marks & Spencer announced on Wednesday that it is making its biggest-ever investment in pay for retail staff to lift minimum wages to at least the Real Living Wage.

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5 Mar 2025 10:20

Britain's M&S gives store workers 5% pay rise

Store workers to be paid at least 12.60 pounds/hour

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Britain's M&S gives store workers 5% pay rise

LONDON, March 5 (Reuters) - British clothing and food group Marks & Spencer said its 50,000 retail workers will get a 5% pay rise from April 1, an investment of 95 million pounds ($122 million).

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27 Feb 2025 10:49

Ocado shares dive as robotic roll-out disappoints

Adjusted EBITDA trebles to 153.3 million sterling

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27 Feb 2025 07:09

Ocado's annual loss narrows to 374 million pounds

LONDON, Feb 27 (Reuters) - Ocado, the British online supermarket and technology group, reported a smaller annual pretax loss of 374.3 million pounds ($473.8 million), reflecting an improved performance in both its technology solutions and retail divisions.

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21 Feb 2025 17:01

LONDON MARKET CLOSE: FTSE 100 flat, despite buoyant banks, as US falls

(Alliance News) - The FTSE 100 faded into the close on Friday, ending little changed, as US markets fell amid soft economic data.

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