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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 pre-open: Mixed messages from Europe and Asia

Wed, 13th Jul 2011 07:36

Investors are still concerned about problems in the Eurozone, especially following the decision by ratings agency Moody's to downgrade Ireland's foreign- and local-currency government bond ratings by one notch to Ba1 from Baa3, regarded as 'junk' status, but with Asian markets putting in a good shift overnight, there is also the possibility that bulls might return to the market.As a result, the market is in two minds, with City traders suggesting that the top-share index will open a handful of points lower.High street bellwether Marks and Spencer battled through the second quarter of 2011, growing market share and delivering food sales growth that was ahead of expectations in some quarters. Like-for-like (lfl) sales in the UK were flat on the general merchandise sales side, in line with the prediction made by broker Matrix Group, while food sales grew 3.3% on a lfl basis year-on-year, ahead of Matrix's forecast of 3.0% growth. Underlying sales at iconic British luxury brand Burberry soared by 34% in the first quarter, driven largely by strong growth in China. Total revenue jumped from £282m to £367m in the three months to 30 June, as Retail sales surged by 49% (at constant currency) from £171m to £245m and Wholesale revenue grew by 11% to £95m, from £87m the year before. Licensing revenue increased by 6% from £24m to £27m.Inter-dealer broker ICAP has seen a return of improved market activity and growth since the beginning of June, enabling the group to meet internal expectations of a 4% decline in revenue in the second quarter of 2011. --jh
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JPMorgan upgrades Marks & Spencer to 'overweight'

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Ocado Retail sales rise as sharper prices win customers

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

LONDON, March 26 (Reuters) -

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

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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)

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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.

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