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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

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Share Price: 258.30
Bid: 258.30
Ask: 258.50
Change: 0.00 (0.00%)
Spread: 0.20 (0.077%)
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Prev. Close: 258.30
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M&S food turnaround 'will take longer' - RBC downgrades

Wed, 28th Nov 2018 10:08

(Sharecast News) - RBC Capital Markets thinks Marks & Spencer will take time to turn around its food business and so has downgraded its rating on the retailer.RBC said M&S should continue to generate enough cash in coming years to keep up its dividend payments, though so the rating was just cut to 'sector perform' from 'outperform' as the target price was trimmed to 320p from 330p.Having completed around a third of its food range reviews, the rest is expected to be completed by April and then it will "take time for customers to notice its new lower prices" and RBC analysts don't expect sales to regain momentum until "well into next year". Group forecasts have been nudged down 1-2% as a result.Longer term growth prospects "may be constrained by its already high market share in the premium segment, and its low basket size online which makes the economics of home delivery unattractive".Looking to the Clothing & Home segment, there are further opportunities to improve margin, while the analysts expect like-for-like sales to perform broadly in line with the sector, while behind the scenes improvements are made to buying and inventory control.With over 90% of sales from the UK, the company is a domestic consumer proxy and so is reliant on the Brexit outcome, but there is a "substantial" cost reduction opportunity.
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Britain's Ocado Retail returns to positive earnings in 2022/23 year

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Britain's Ocado Retail returns to positive earnings in 2022/23 year

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11 Jan 2024 17:24

European shares fall as hot U.S. inflation data rains on rate-cut hopes

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11 Jan 2024 17:03

M&S shares, Wall Street sell-off drag FTSE lower

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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.

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11 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.

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11 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.

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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.

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Tesco raises profit outlook again after strong Christmas sales

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LONDON MARKET OPEN: Stocks in the green; M&S slides as Tesco edges up

(Alliance News) - Stock prices in London climbed at Thursday's market open, with investors feeling hopeful ahead of US inflation data, and considering Christmas updates from grocery companies.

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LONDON BRIEFING: M&S reports strong sales momentum; Tesco ups guidance

(Alliance News) - Stocks in London are tipped for a strong start on Thursday, as global equity markets benefit from optimism ahead of the US inflation print later in the day.

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