Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

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
Get Live Data
Share Price: 264.90
Bid: 264.80
Ask: 265.00
Change: -1.00 (-0.38%)
Spread: 0.20 (0.076%)
Open: 266.40
High: 267.40
Low: 264.00
Prev. Close: 265.90
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Vodafone drags FTSE into negative finish, CPI in focus

Tue, 20th May 2014 16:59

- FTSE closes down 42.55 points at 6,802- Vodafone and M&S miss expectations- CPI rises 0.2 percentage points in April to 1.8 per centtechMARK 2,706.50 -0.48%FTSE 100 6,802.00 -0.62%FTSE 250 15,440.25 +0.40%Significant falls by a number of blue chip heavyweights ensured a negative finish for UK stocks on Tuesday, with Vodafone providing the biggest drag. The FTSE 100 closed down 42.55 points at 6,802.Brenda Kelly, Chief Market Strategist at IG, said: "The FTSE's retreat from the highs of last week continued today, as we saw the index hit its lowest level for over a week. 6,800 might be important on a psychological level, but it is still only a 1.4% decline from the peak, and the picture is distorted to some extent by two consecutive days of big moves in stocks with significant weighting in the index. "The market appears however to have stalled yet again, with little apparent desire to revisit 6,900 any time soon. Neither macro data nor earnings have shown the ability to energise this market, and this leaves us wondering what can."The main news of the day was of course UK consumer price inflation (CPI), which climbed 0.2 percentage points in April to 1.8% year-on-year. Barclays Research said the figure was in line with its above-consensus expectations and attributed the rise in the main to core inflation, particularly services, and to a lesser extent, energy. It said: "Today's outturn, albeit slightly stronger than last month's, is in line with our view that inflation pressures remain muted in the economy. We expect inflation to be close to, but below, the 2% Bank of England (BoE) target in 2014 and 2015. Imported inflation pressures remain subdued amid the benign global inflation environment, while earnings growth is increasing at a measured pace. "We believe that the current inflation outlook provides further comfort to the MPC that inflation pressures are not yet building up in the economy, despite the recovery gathering speed. We therefore maintain our view that the MPC will hike rates in the second quarter of 2015." Cameron eyes tightening of Help to Buy after Carney warningsPrime Minister David Cameron today said the Help to Buy scheme may have to be scaled back in order to prevent the UK property market from boiling over.Following words of warning from BoE Governor Mark Carney at the weekend that rising house prices were the biggest risk to Britain's economic recovery, Cameron said he was wholly in agreement.Carney said Help to Buy was a relatively small and "pretty targeted" scheme, but cautioned it "could grow a lot and it could change attitudes in other parts of the mortgage market".UK credit card borrowing rises at fastest rate for five years, says BBACredit card borrowing in the UK increased at its highest rate for five years, potentially fuelling fears that the economic recovery may be too reliant on consumer debt.Shoppers made 197m card purchases in March totalling £11.8bn, 13% and 8% higher respectively than during the same month a year ago, according to monthly data from the British Bankers Association (BBA).Vodafone slides after results, Carnival docks in top spotVodafone was a notable faller today after it said earnings came in just shy of consensus forecasts in the year to end-March, though the mobile operator confirmed its expected final dividend of 7.47p per share.Group revenue sank 1.9% in line with the consensus to £43.6bn, with organic service revenue declining 4.3%, leading to earnings before interest, tax, depreciation and amortisation (EBITDA) sliding 7.4% to £12.8bn, with consensus expecting £12.9bn.Tesco declined after Jefferies cut its target price from 320p to 310p, downgrading the supermarket chain to 'hold'.Meanwhile, Carnival steamed ahead on the back of a rating upgrade from Morgan Stanley, although it did say that "ultimately, we remain cautious". ITV climbed after it was upgraded to 'hold' versus 'sell' by broker Berenberg.FTSE 100 - RisersCarnival (CCL) 2,380.00p +3.39%Barratt Developments (BDEV) 350.90p +2.30%BT Group (BT.A) 379.30p +2.21%ITV (ITV) 176.60p +2.20%Coca-Cola HBC AG (CDI) (CCH) 1,375.00p +2.15%International Consolidated Airlines Group SA (CDI) (IAG) 378.40p +2.05%Travis Perkins (TPK) 1,649.00p +2.04%Babcock International Group (BAB) 1,197.00p +1.61%Ashtead Group (AHT) 830.00p +1.59%WPP (WPP) 1,239.00p +1.39%FTSE 100 - FallersVodafone Group (VOD) 205.30p -5.46%ARM Holdings (ARM) 845.00p -2.65%Morrison (Wm) Supermarkets (MRW) 209.50p -2.10%Anglo American (AAL) 1,533.00p -2.08%Antofagasta (ANTO) 783.50p -2.06%G4S (GFS) 252.60p -2.02%BG Group (BG.) 1,270.50p -2.01%Intertek Group (ITRK) 2,926.00p -1.94%Tesco (TSCO) 306.05p -1.91%Rolls-Royce Holdings (RR.) 1,004.00p -1.67%FTSE 250 - RisersParagon Group Of Companies (PAG) 383.60p +9.57%Homeserve (HSV) 340.30p +7.32%Foxtons Group (FOXT) 304.90p +6.27%Pace (PIC) 360.00p +6.07%Rightmove (RMV) 2,267.00p +5.44%Supergroup (SGP) 1,012.00p +4.98%Greencore Group (GNC) 259.00p +4.82%Vedanta Resources (VED) 1,058.00p +4.24%NMC Health (NMC) 459.00p +4.08%Ocado Group (OCDO) 312.20p +4.07%FTSE 250 - FallersAfren (AFR) 145.30p -5.71%Cobham (COB) 298.00p -4.55%Intermediate Capital Group (ICP) 413.30p -3.77%888 Holdings (888) 124.50p -3.34%Imagination Technologies Group (IMG) 203.30p -3.19%Ferrexpo (FXPO) 135.00p -2.74%Soco International (SIA) 412.10p -2.53%Laird (LRD) 275.70p -2.44%Booker Group (BOK) 137.30p -2.42%Lonmin (LMI) 236.00p -2.36%NR
More News
27 Mar 2024 11:16

TRADING UPDATES: Sorted renews M&S deal; Tribe completes drill build

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
26 Mar 2024 17:05

UK's FTSE 100 edges higher as retailers stocks climb

Petershill Partners up on mulling share buyback plan

*

Read more
26 Mar 2024 16:59

LONDON MARKET CLOSE: FTSE 100 closes higher on busy corporate day

(Alliance News) - Stock prices in London closed higher on Tuesday, as investors are waiting to see a key inflation reading from the US on Friday.

Read more
26 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat amid China-West tension

(Alliance News) - The FTSE 100 recovered slightly from a tricky morning on Tuesday to trade flat heading into the afternoon, though simmering global tensions have kept a lid on its progress in the early part of the week.

Read more
26 Mar 2024 11:04

Ocado Retail sales rise as sharper prices win customers

Q1 revenue up 10.6%

*

Read more
26 Mar 2024 09:29

Ocado, M&S still talking over final Ocado Retail payment, says jv CEO

LONDON, March 26 (Reuters) -

Read more
26 Mar 2024 09:09

TOP NEWS: Ocado Retail backs outlook after strong start to 2024

(Alliance News) - Ocado Retail Ltd on Tuesday said sales had grown strongly at the start of 2024 boosted by a broader product range and price cuts.

Read more
26 Mar 2024 08:58

LONDON MARKET OPEN: Stocks continue slow-down amid global tensions

(Alliance News) - Stock prices in London opened lower on Tuesday as a slow start to the week continues, with investors having simmering global tensions to be mindful of.

Read more
26 Mar 2024 08:48

Ocado, M&S still talking over final payment for Ocado Retail JV-CEO

LONDON, March 26 (Reuters) - Conversations between Ocado and Marks & Spencer over the final payment for the pair's Ocado Retail joint venture are ongoing, said Ocado Retail's chief executive Hannah Gibson. (Reporting by James Davey; Editing by Kate Holton)

Read more
26 Mar 2024 08:41

TOP NEWS: Grocery inflation hits 2-year low while sales get Easter boost

(Alliance News) - Grocery price inflation eased further in March, while early Easter treats gave sales a boost, new data showed on Tuesday.

Read more
26 Mar 2024 07:22

Ocado Retail sees strong first-quarter growth

(Sharecast News) - Ocado Group reported strong trading at its Ocado Retail venture in the first quarter on Tuesday, with an 8.1% year-on-year increase in total item volumes propelling retail revenue to £645.3m, itself up 10.6%.

Read more
26 Mar 2024 07:03

Ocado Retail quarterly sales up 10.6% as it wins more customers

LONDON, March 26 (Reuters) - British online supermarket Ocado Retail kept its guidance for its 2023-24 year after reporting a 10.6% increase in revenue in its latest quarter that reflected growth in customer numbers. (Reporting by James Davey, Editing by Paul Sandle)

Read more
18 Mar 2024 06:59

PRESS: M&S and HSBC planning loyalty "superapp", seven-year deal — Sky

(Alliance News) - Marks & Spencer Group PLC and HSBC Holdings PLC are preparing plans to announce a new seven-year deal that includes the creation of a loyalty "superapp", Sky News reported Sunday.

Read more
11 Mar 2024 16:51

LONDON MARKET CLOSE: Stocks mixed ahead of US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, as investors nervously look ahead to some key data from the UK and US, which could help shape the latest interest rate decisions.

Read more
11 Mar 2024 14:48

London close: Stocks mixed as investors look to US inflation data

(Sharecast News) - London markets closed in a mixed state on Monday, reflecting a broader trend of cautious trading after a primarily weaker session in Asian markets overnight.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.