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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: 259.40
Bid: 259.20
Ask: 259.50
Change: -0.30 (-0.12%)
Spread: 0.30 (0.116%)
Open: 260.80
High: 260.80
Low: 259.00
Prev. Close: 259.70
MKS Live PriceLast checked at -

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N+1 Singer keeps 'buy' on M&S as 'significant' potential remains

Thu, 10th Apr 2014 08:55

In reaction to fourth quarter results from Marks and Spencer, broker N+1 Singer said the lack of visible revenue improvements was continuing to test investor resolve, but that these numbers provided some small encouragement, enough to maintain a 'buy' recommendation. Singer analysts Matthew McEachran and Mark Photiades said there was "no doubting the massive amount of change being implemented across the group", both in terms of customer-facing and back-of-house projects, and should these changes gain traction the potential is "significant", especially for cutting costs. "The recent pressure on forecasts is disappointing but given the current valuation metrics we remain buyers on the back of the targeted transformation of the offer and improving in-store proposition," the pair wrote.The interim management statement (IMS) showed period sales broadly in line but margins slightly weaker, meaning minimal full year changes would expected.The analysts observed that speculation had again been rife about weakness in quarter four, but the numbers were "fractionally better versus expectations, giving something to counter the bearish general tone amongst spectators". The food gross margin has been slightly better than expected but this was more than offset by a weaker than expected gross margin from general merchandise, meaning the full year was now inked in for a 20 basis point decline compared to a flat outcome previously expected but not a total surprise. "We suspect cost savings may have broadly offset the gross margin shortfall," the pair added.Any changes to forecasts today are likely to be minimal if at all, meaning M&S trades on a March 2015 P/E ratio of 13 times, with a 3.9% yield. "It is worth noting that as a period of heavy investment draws to a close cashflow is now expected to dramatically improve with our forecasts currently assuming a £0.5bn net debt reduction over two years."OH
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11 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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11 Apr 2024 07:49

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26 Mar 2024 17:05

UK's FTSE 100 edges higher as retailers stocks climb

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26 Mar 2024 11:04

Ocado Retail sales rise as sharper prices win customers

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26 Mar 2024 09:29

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

LONDON, March 26 (Reuters) -

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26 Mar 2024 09:09

TOP NEWS: Ocado Retail backs outlook after strong start to 2024

(Alliance News) - Ocado Retail Ltd on Tuesday said sales had grown strongly at the start of 2024 boosted by a broader product range and price cuts.

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26 Mar 2024 08:58

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

(Alliance News) - Stock prices in London opened lower on Tuesday as a slow start to the week continues, with investors having simmering global tensions to be mindful of.

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26 Mar 2024 08:48

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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26 Mar 2024 08:41

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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26 Mar 2024 07:22

Ocado Retail sees strong first-quarter growth

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26 Mar 2024 07:03

Ocado Retail quarterly sales up 10.6% as it wins more customers

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