Last checked at 18 Jan 2024 12:47
M&S to invest £30m in Scottish stores
(Sharecast News) - Marks & Spencer Group is to invest £30m overhauling its Scottish offering, including closing one of its stores in Aberdeen, the retailer said on Thursday.
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Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
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Share Price:
292.60
Bid:
230.00
Ask:
305.00
Change:
0.00 (0.00%)
Spread:
75.00 (32.609%)
Open:
0.00
High:
0.00
Low:
0.00
Prev. Close:
292.60
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Thu, 02nd Apr 2015 07:49
UK stock markets were expected to be unchanged on Wednesday morning with investors treading cautiously amid developments in Greece ahead of the long weekend.City sources predict the FTSE 100 will open broadly flat on Wednesday's close of 6,809.50. UK markets will be closed on Friday and Monday for the Easter break.Athens submitted a new proposal of economic reforms overnight "which is more specific and quantified", according to the Greek finance ministry. The 26-page document suggests that Greece could raise as much as €6bn this year as it looks to unlock €7.2bn in bailout funds before it runs out of money.However, EU officials claimed that the new list still needs more work and a deal is not expected before the next meeting of Eurozone finance ministers on 24 April.Analysts at Barclays said the new list "represents a clear step in the right direction in our view" for Greece."However, we do not think this document represents the last iteration of reform proposals exchanged by Athens and Brussels, given that it contains some elements that are likely to be further revised."Stocks to watchIn the fourth quarter Marks & Spencer delivered its first growth from clothing and general merchandise for 14 quarters, with like-for-like sales up 0.7%. Helped by heavy investment in its website finally paying off and food delivering another strong performance, group sales rose 1.9% in the 13 weeks to 28 March.Guinness and Smirnoff maker Diageo is buying out its joint venture (JV) partner in a traditional sorghum beer business in South Africa. The 50:50 JV, which owns the United National Breweries, was set up in January 2013 with Pestello Investments. Diageo has now decided to acquire Pestello's 50% stake for an initial payment of $22m and a potential earn-out payment of up to $14m.
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17 Jan 2024 16:55
LONDON MARKET CLOSE: Stocks slump as Fed rate cut hope dwindles
(Alliance News) - European equities slumped on Wednesday, as interest rate expectations, on both sides of the Atlantic, were re-assessed on the back of some hawkish rhetoric and hotter inflation data.
Read more16 Jan 2024 12:00
Britain's Ocado Retail pauses new sites for two to three years
Hatfield site closed in 2023, Luton opened
*Read more16 Jan 2024 09:08
Britain's Ocado Retail won't open new sites in next 2 to 3 years -CEO
LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail is currently operating at about 75% of its capacity and does not expect to open any new robotic warehouses in the UK for two to three years, its boss said on Tuesday.
Read more16 Jan 2024 08:50
Ocado Retail CEO: Red Sea disruption impact will be minimal
LONDON, Jan 16 (Reuters) - The chief executive of Ocado Retail said she is not expecting to see much impact on the British online supermarket from disruption to shipping in the Red Sea.
Read more16 Jan 2024 08:26
Britain's Ocado Retail returns to positive earnings in 2022/23 year
Q4 2022/23 revenue up 10.9%
*Read more16 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%.
Read more12 Jan 2024 09:14
LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more11 Jan 2024 17:24
European shares fall as hot U.S. inflation data rains on rate-cut hopes
WPP down after UBS downgrade
*Read more11 Jan 2024 17:03
11 Jan 2024 16:53
LONDON MARKET CLOSE: Stocks lower on hotter-than-expected US inflation
(Alliance News) - Stock prices in London closed lower on Thursday, after US rate cut expectations suffered a setback following some hotter-than-expected inflation data.
Read more11 Jan 2024 16:34
London close: Stocks fall as US inflation comes in hot
(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.
Read more11 Jan 2024 12:02
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.
Read more11 Jan 2024 12:00
LONDON MARKET MIDDAY: Stocks level out as US inflation nerves kick in
(Alliance News) - Upbeat morning trade for European markets gave way to caution by midday on Thursday, as investors look to a make-or-break US inflation reading, and what it could mean for the Federal Reserve interest rate outlook.
Read more11 Jan 2024 09:44
Tesco raises profit outlook again after strong Christmas sales
6 weeks to Jan 6 UK like-for-like sales up 6.8%
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