Last checked at 23 Apr 2024 12:00
LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges
(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.
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Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
Share Price is delayed by 15 minutes
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Share Price:
308.20
Bid:
308.10
Ask:
308.30
Change:
-0.90 (-0.29%)
Spread:
0.20 (0.065%)
Open:
310.10
High:
310.10
Low:
304.50
Prev. Close:
309.10
Last checked at -
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Don't have an account? Click here to register.M&S shares boosted by Credit Suisse upgrade
Fri, 08th Jul 2016 12:19
(ShareCast News) - Marks & Spencer shares recovered on Friday from the previous day's drop after Credit Suisse upgraded the retailer to 'neutral' from 'underperform'.The company on Thursday reported a sharp 8.9% fall in sales at the clothing and home division in the first quarter, sending shares into the red. Marks' food arm continued to outperform the wider grocery market and keep the group on a relatively even keel, rising 4.0% although LFL sales were down 0.9%, of which 0.5% was due to Easter timing. New chief executive Steve Rowe has said it would slash clothing prices and improve the quality to boost the struggling general merchandise (GM) division but warned that it could impact profits in the short term."While we remain cautious on the positioning of M&S's GM business and want to see much improved execution and restructuring, the shares have fallen 35% year-to-date and 50% since last May, so are beginning to discount much of this," Credit Suisse.The broker said the first quarter was worse than it had feared and cut its full year forecasts on gross margins at GM from a 50 basis point increase to flat. Credit Suisse also cut its earnings per share forecasts by 1% for this year and by 3% for next year, 9% and 17% below consensus, respectively.The target price was lowered to 320p from 340p."However, we are less bearish on apparel demand in the second half and are broadly supportive of the strategy for GM, so we have left our GM like-for-like at -4%. Food continues to trade well and FX is helpful for International profit."Shares rose 6.32% to 317.90p at 1246 BST.
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23 Apr 2024 08:54
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London shares climb over 1%, M&A action lifts midcap stocks
FTSE 100 up 1.6%, FTSE 250 adds 1.1%
*Read more22 Apr 2024 16:58
LONDON MARKET CLOSE: New record close for FTSE 100 as war fears ease
(Alliance News) - London's FTSE 100 surged on Monday, with blue-chip equities supported by an easing of geopolitical worry, and hope that the Bank of England is getting a handle on UK inflation.
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(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.
Read more22 Apr 2024 11:33
Jefferies upgrades M&S, Next and Sainsbury's to 'buy'
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Read more22 Apr 2024 09:04
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Read more19 Apr 2024 16:56
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(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.
Read more17 Apr 2024 08:53
LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope
(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.
Read more16 Apr 2024 08:38
UK discounter B&M expects full-year profit at top end of guidance
2023/24 revenue up 10.1% to 5.5 bln stg
*Read more11 Apr 2024 15:56
London close: Stocks finish lower as ECB stands pat
(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.
Read more11 Apr 2024 08:59
LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:
Read more11 Apr 2024 07:54
JPMorgan upgrades Marks & Spencer to 'overweight'
(Sharecast News) - JPMorgan Cazenove upgraded Marks & Spencer on Thursday to 'overweight' from 'neutral' and lifted the price target to 330p from 260p as it took a look at European general retail.
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