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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: 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 -

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London close: Stocks rally after US data

Fri, 04th Jan 2013 16:42

- Footsie closes at highest level in nearly two years- US non-farm payrolls and ISM data provides a boost- BP gains after Transocean settlement with US governmentLondon's stock market started 2013 strongly in the aftermath of the fiscal cliff deal in the US on New Year's Day, with the FTSE 100 gaining 192.5 points over the first three trading sessions of the year.Equities on Friday were helped by some better-than-expected economic figures Stateside, which bolstered the outlook for the world's largest economy. The FTSE 100 finished up 0.7% on the day at 6,090; just one point shy of the February 8th 2011 high of 6,091.After a subdued start on markets this morning - owing to the minutes of the latest Federal Reserve meeting released last night - the Footsie rallied after American non-farm payrolls increased by 155,000 in December, ahead of the 152,000 consensus estimate. Meanwhile, gains were cemented this afternoon after the US ISM service-sector purchasing managers' index rose from 54.7 to 56.1, surprising analysts who had expected a slight fall to 54.2.Investors seemed to shrug off the news that the UK services PMI fell to 48.9 last month, after a reading of 50.2 in November. Consensus forecasts for no change.The minutes of the December Federal Open Market Committee knocked market sentiment early on this morning. While they showed a clear majority in favour of further asset purchases (the third round of quantitative easing, or QE3), members were divided on the timing of these purchases."Indecision between members pointed to a split between those who believe QE is a necessary ongoing task, and those who believe it is proving ineffective," explained research analyst Joshua Mahony from Alpari.FTSE 100: BP gains after Transocean settlementDeepwater Horizon rig owner Transocean has reached a $1.4bn settlement with the US Department of Justice, causing shares in operator BP to rise in London. Transocean, the world's largest offshore drilling contractor, agreed yesterday to plead guilty to one misdemeanour violation of the Clean Water Act for "negligent discharge of oil into the Gulf of Mexico".Nevertheless, the wider resource sector was under the weather, with Fresnillo, Randgold, Petrofac and Polymetal all registering losses. Fresnillo was the heaviest faller after UBS cut its recommendation for the shares to 'neutral'. Analyst Chris Lichtenheldt noted that the stock currently trades at 1.26 times net asset value and 18.7 times 2013 cash flow, 48% and 44% higher than the North American peer group, respectively. Sector peer Anglo American was also in the red after agreeing to sell its 70% interest in the Amapá iron ore mine in Brazil. The terms of the deal with Zamin Ferrous are confidential and subject to state regulatory approval, but the company said it was expected to complete in 2013.High Street retailer Marks & Spencer fell after Nomura lowered its full-year (ending March 2013) profit before tax forecast from £694m to £666m, based on recent Kanta market data.Real estate investment trust Hammerson was dampened by Credit Suisse after the broker downgraded its rating for the stock to 'neutral'.Power systems giant Rolls-Royce rose after revealing that it is to provide repair and support services for aircraft engines operated by the US Marine Corps and Air Force as part of a contract worth $52.2m.FTSE 250: Bank of Georgia up after Numis boostBank of Georgia Holdings was among the best performers after Numis initiated its rating on the stock at 'buy', with a target price of 1,453p. Balfour Beatty, the global infrastructure group, was also on the up after it announced that it has been awarded a five-year highway maintenance contract by Wiltshire Council worth £150m.As on the top tier index, miners were registering the biggest falls, tracking metal prices lower. Hochschild, Petropavlovsk, Bumi and Lonmin all took a hit.FTSE 100 - RisersBP (BP.) 453.50p +2.67%Hargreaves Lansdown (HL.) 721.00p +2.41%Burberry Group (BRBY) 1,290.00p +2.30%Schroders (SDR) 1,802.00p +2.21%BT Group (BT.A) 242.80p +1.89%Experian (EXPN) 1,033.00p +1.77%Vodafone Group (VOD) 160.05p +1.68%Standard Life (SL.) 352.10p +1.65%British American Tobacco (BATS) 3,174.50p +1.62%Xstrata (XTA) 1,147.00p +1.37%FTSE 100 - FallersRandgold Resources Ltd. (RRS) 5,975.00p -4.09%Fresnillo (FRES) 1,810.00p -3.98%Polymetal International (POLY) 1,174.00p -3.69%Marks & Spencer Group (MKS) 376.40p -3.09%Antofagasta (ANTO) 1,343.00p -1.97%Kazakhmys (KAZ) 811.50p -1.76%Rio Tinto (RIO) 3,613.00p -1.24%Johnson Matthey (JMAT) 2,335.00p -1.18%Tullow Oil (TLW) 1,275.00p -1.09%Wood Group (John) (WG.) 741.50p -1.00%FTSE 250 - RisersChemring Group (CHG) 264.10p +4.14%Vesuvius (VSVS) 380.80p +3.73%Bank of Georgia Holdings (BGEO) 1,140.00p +3.64%Jupiter Fund Management (JUP) 304.10p +3.61%Premier Farnell (PFL) 201.10p +3.50%Laird (LRD) 222.10p +3.49%JD Sports Fashion (JD.) 690.00p +2.99%Senior (SNR) 214.20p +2.88%KCOM Group (KCOM) 72.05p +2.56%RPS Group (RPS) 215.90p +2.52%FTSE 250 - FallersPetropavlovsk (POG) 359.30p -4.21%Hochschild Mining (HOC) 473.30p -3.72%Kentz Corporation Ltd. (KENZ) 381.30p -3.08%Fenner (FENR) 425.00p -2.34%Bumi (BUMI) 268.70p -2.29%Ted Baker (TED) 1,130.00p -1.99%Kenmare Resources (KMR) 34.30p -1.94%COLT Group SA (COLT) 96.00p -1.94%Betfair Group (BET) 670.50p -1.90%Lonmin (LMI) 290.80p -1.89%BC
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23 Oct 2023 19:21

London close: Stocks mixed at start of busy week

(Sharecast News) - London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.

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11 Oct 2023 15:01

London close: Stocks weaker amid Gaza tensions, hot US producer prices

(Sharecast News) - Stocks in London ended in the red on Wednesday, impacted by heightened concerns regarding global inflation and ongoing situations in the Middle East.

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10 Oct 2023 12:01

LONDON MARKET MIDDAY: Stocks push higher as rate rise fears ebb

(Alliance News) - Stock prices in London were sharply higher at midday on Tuesday, buoyed by comments from US Federal Reserve officials indicating that interest rate rises in the world's largest economy may be at an end.

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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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