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Britain's Ocado Retail returns to positive earnings in 2022/23 year
Q4 2022/23 revenue up 10.9%
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Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
Share Price is delayed by 15 minutes
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Share Price:
310.10
Bid:
309.10
Ask:
309.20
Change:
1.00 (0.32%)
Spread:
0.10 (0.032%)
Open:
310.10
High:
310.10
Low:
304.50
Prev. Close:
309.10
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Don't have an account? Click here to register.Hopes for turnaround fading at M&S, says Credit Suisse
Fri, 17th Oct 2014 10:25
Credit Suisse has slashed its target price for the shares of Marks & Spencer by 15%, saying it sees "few signs of recovery" at the high street department store chain.The bank has cut its target from 425p to 360p and repeated an 'underperform' rating on the stock.It believes hopes are fading for a turnaround and the company's 5% dividend yield is likely to be the only thing providing support for the shares."The combination of slower UK sales growth in September, continued weakness in demand in many of M&S' overseas markets, and the strength of sterling has led us to cut another 2% from our [profit] forecasts," Credit Suisse said.The bank's forecasts are now 5% below consensus for the year ending March 2015 and 12% below for the year after."Earnings momentum has been negative for four years and with second-half expectations already quite demanding, we see little in either the external environment or self-help agenda to suggest that this is about to change," the bank said.Ahead of M&S' first-half results on 5 November, Credit Suisse said the theme is likely to look "very familiar" with an outperformance in the food division offset by weak UK general merchandise sales, and transition-related costs exceeding the benefits of "modest progress" overseas.Interim pre-tax profit is expected to fall for the fourth straight year to £255m, from £262m previously.The stock was more or less flat at 405.6p by 10:48, compared with a 0.9% gain across the wider FTSE 350 retail sector.
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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%.
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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.
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Tesco raises profit outlook again after strong Christmas sales
6 weeks to Jan 6 UK like-for-like sales up 6.8%
*Read more11 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 more11 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 more11 Jan 2024 07:01
M&S sees FY in line as Christmas sales rise 8.1%
(Sharecast News) - UK retailer Marks & Spencer said it expected to deliver annual results in line with expectations despite higher-than-expected cost increases as it reported an 8.1% rise in sales over the key Christmas quarter driven by food revenue and womenswear.
Read more10 Jan 2024 08:49
LONDON MARKET OPEN: Grocers weigh on FTSE as Sainsbury's disappoints
(Alliance News) - Stock prices in London opened mixed on Wednesday, as investors remained cautious ahead of US inflation data, and rising geopolitical tensions.
Read more9 Jan 2024 08:00
UK's M&S Christmas food sales growth topped only by Lidl
M&S food sales up 12.1% year-on-year in 12 weeks to Dec 30 -NIQ
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