Marks & Spencer Share News (MKS)

Tesco, Sainsbury's slide as Asda says overhaul will dent profits

(Sharecast News) - UK supermarket stocks tumbled on Friday after Asda said it would undertake a "substantive" programme of investment in price, availability and the shopping experience to get the business "firing on all cylinders again" that will "materially" dent its profits.

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".

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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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.

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

(Alliance News) - New post-Brexit labelling rules could see "gaps on shelves" in Northern Ireland by July, a Westminster committee has heard.

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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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.

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).

Ocado shares dive as robotic roll-out disappoints

Adjusted EBITDA trebles to 153.3 million sterling

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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.

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.

UK consumers defy weak outlook to ramp up their spending

Retail sales volumes +1.7% m/m in January

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Marks & Spencer strengthens global team with three new appointments

(Sharecast News) - Marks & Spencer announced three new senior appointments on Monday as it strengthened its global leadership team.

UK retailers enjoy 'solid' start to 2025, BRC says

LONDON, Feb 11 (Reuters) - British retailers reported a reasonable start to 2025 after a disappointing 2024 but are concerned about rises in employment costs in April and broader inflation pressures, a trade body said on Tuesday.