Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the 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: 309.50
Bid: 309.30
Ask: 309.50
Change: -2.10 (-0.67%)
Spread: 0.20 (0.065%)
Open: 313.70
High: 313.80
Low: 308.10
Prev. Close: 311.60
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

M&S says EU proposals on trade would increase red tape, costs - FT

Wed, 17th Nov 2021 21:27

Nov 17 (Reuters) - British retailer Marks and Spencer Group
Plc told the UK government that European Union proposals
on Northern Ireland's post-Brexit trade rules would increase the
administrative burden on imported goods, the Financial Times
reported https://on.ft.com/3CkDPLa on Wednesday.

In a letter to UK Brexit minister David Frost seen by the
newspaper, M&S Chair Archie Norman said that the proposals from
Brussels "could result in worsening friction and cost and a high
level of ambiguity and scope for dispute".

The EU offered a package of measures to ease the transit of
goods from Britain to Northern Ireland last month, including
labelling to ensure British products do not slip into the EU
single market via a Northern Ireland back door.

The labelling requirement would add 9 million pounds
($12.14 million) in extra costs annually for the 90 million
products M&S ships to Northern Ireland from the mainland, Norman
said, according to FT.

Required checks would result in fresh goods taking 45 hours
longer to get to stores than when the UK was an EU member,
Norman said, adding that M&S might have to stop sending some
product lines to Northern Ireland, according to the newspaper.

"Detailed examination suggests to us that the proposals
could end up being more costly to implement than full EU customs
controls," the chair said in his letter, calling for a
"risk-based regime" with limited checks on goods that would make
extensive use of digital technology, FT reported.

M&S did not immediately respond to a Reuters request for
comment on the same.

Frost said on Wednesday that his government's preference is
to strike a deal to improve post-Brexit trade arrangements for
Northern Ireland and that the agreement can be reached by
Christmas.

($1 = 0.7415 pounds)
(Reporting by Juby Babu in Bengaluru; Editing by Cynthia
Osterman)

More News
31 Aug 2023 16:50

LONDON MARKET CLOSE: FTSE 100 down amid stubborn US inflation

(Alliance News) - Stock prices in London closed mixed on Thursday, after news that a key US inflation reading came in in line with market expectations.

Read more
31 Aug 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 edges lower ahead of US inflation print

(Alliance News) - The FTSE 100 tipped into the red at midday on Thursday as investors nervously awaited the latest print of the US Federal Reserve's preferred inflationary gauge, the personal consumption expenditures index.

Read more
31 Aug 2023 07:49

LONDON BRIEFING: Stocks seen higher; Grafton begins another buyback

(Alliance News) - Stocks in London are set to open higher on Thursday as market focus turns to inflation and whether it is cooling enough to justify a pause in September from the European Central Bank and the US Federal Reserve.

Read more
30 Aug 2023 17:55

TOP NEWS: M&S returns to FTSE 100 after four years, Persimmon exits

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, September 18, after completing its quarterly review.

Read more
29 Aug 2023 17:00

Miners, homebuilders boost FTSE 100 to 2-weeks high

FTSE 100 hits 2-week high

*

Read more
29 Aug 2023 09:27

LONDON BROKER RATINGS: UBS cuts HSBC; Barclays cuts SDCL Energy

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
23 Aug 2023 10:24

Britain's Ocado Retail and Sainsbury's cut prices again

Ocado Retail cuts prices of 200 products

*

Read more
23 Aug 2023 08:54

LONDON MARKET OPEN: Stocks rise ahead of Jackson Hole, Nvidia results

(Alliance News) - Stock prices in London opened higher on Wednesday, as the mood in European markets continued to improve.

Read more
23 Aug 2023 07:09

Dechra, Hikma, M&S and Diploma set to join FTSE 100

MILAN, Aug 23 (Reuters) - Drugmakers Dechra and Hikma, along with retailer Marks & Spencer and technical products provider Diploma are set to join the UK's blue-chip FTSE 100 index in September, indicative changes announced by FTSE Russell show.

Read more
23 Aug 2023 00:01

Britain's Ocado Retail cuts prices again

Heinz beans, Quaker oats among price reductions

*

Read more
22 Aug 2023 17:26

TOP NEWS: M&S set to be FTSE 100 outfit again but Persimmon may fall

(Alliance News) - Marks & Spencer Group PLC is primed to make a return to London's premier FTSE 100 index, roughly three years after the founding member was booted out, with abrdn PLC once again among those making way.

Read more
22 Aug 2023 17:13

Cyclical stocks lift UK equities off six-week lows; Wood Group rises

Blue-chip FTSE 100 snaps seven-day losing streak

*

Read more
22 Aug 2023 08:00

Britain's gloomy weather dents supermarket sales growth into August -NIQ

UK supermarket sales growth slows to 7.2% in August -NIQ

*

Read more
21 Aug 2023 00:00

Food tech company ENOUGH raises 40 million euros

New fundraising led by World Fund and CPT Capital

*

Read more
18 Aug 2023 11:18

Temple Bar laments "miserly" UK valuations but promises long-term wins

(Alliance News) - Temple Bar Investment Trust PLC on Friday said its net asset value saw a moderate half-year increase, and that its "fundamentally sound" portfolio will eventually bear fruit despite the tough backdrop.

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.