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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: 299.20
Bid: 298.80
Ask: 299.00
Change: 6.60 (2.26%)
Spread: 0.20 (0.067%)
Open: 289.00
High: 299.30
Low: 289.00
Prev. Close: 292.60
MKS Live PriceLast checked at -

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No let-up for non-food retailers in 2017, Fitch warns

Tue, 10th Jan 2017 11:47

(ShareCast News) - Rating agency Fitch said it expects non-food retailers' profitability and free cash flow to remain weak in 2017.Reinforced by recent reports from Next and against a background of poor industry data, as typified by the BRC statistics released on Tuesday, the agency said the market pressure on non-food retailers would prevent much meaningful deleveraging and therefor expose their debt to greater risks from increased competition, changing consumer spending habits and inflationary pressures, particularly in the UK."Shopping habits among younger consumers are changing rapidly, especially in apparel. They are demanding ever-greater integration between high-street outlets and online, and faster refreshing of fashion lines" Fitch said. "But overall spending on clothing is also falling as consumers opt to spend more on services and experiences."These trends, which led Next to report a 9.3% drop in UK retail footfall in December, are increasing and Fitch foresees any benefits retailers gain from cost-cutting will have to be ploughed into new investment or used to keep prices low."This will prevent any significant improvement in profitability for the sector this year," analysts felt, adding that retailers were running out of other options for addressing high leverage, such as selling assets, or pursuing a longer-term strategic repositioning as Marks & Spencer is attempting."Volatile consumer behaviour and slowing economic growth also mean execution risk from companies' plans to transform their business models will rise in 2017."
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28 Mar 2023 07:01

Ocado Retail sees revenues rise despite 'challenging' backdrop

(Sharecast News) - Ocado Retail reported a rise in first-quarter revenues on Tuesday despite a fall in basket sizes, and said it remained on track to return to sales growth and profitability.

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27 Mar 2023 09:34

LONDON BROKER RATINGS: Panmure cuts Centamin to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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22 Mar 2023 17:56

FTSE 100 gains ahead of Bank of England meeting; Fed in focus

UK inflation still in double-digit territory

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22 Mar 2023 17:06

LONDON MARKET CLOSE: Stocks mixed as hot inflation muddies rate call

(Alliance News) - Stock prices in London on Wednesday ended mixed as hotter than expected inflation figures put the spotlight on the Bank of England ahead of its interest rate decision on Thursday.

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22 Mar 2023 11:56

LONDON MARKET MIDDAY: Stocks lower, pound up as rate decisions loom

(Alliance News) - Stock prices in London were largely lower at midday on Wednesday, as in-coming interest rate decisions from the US Federal Reserve and the Bank of England weighed on investors' minds.

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22 Mar 2023 09:22

LONDON BROKER RATINGS: Citi, Exane BNP and Goldman all raise M&S

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

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22 Mar 2023 07:55

LONDON BRIEFING: UK inflation surprises with rise to 10.4% in February

(Alliance News) - Stocks in London are set to open slightly lower on Wednesday, after UK inflation came in hotter than expected in February.

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6 Mar 2023 12:42

UK retail bosses hit out at govt on lack of business rates reform

(Sharecast News) - The heads of three major UK retailers have criticised business rates reform for not meeting government pledges, calling them a "far cry" from what was promised.

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6 Mar 2023 11:42

Jefferies upgrades Tesco, Kingfisher

(Sharecast News) - Jefferies has upgraded Tesco and Kingfisher, as part of a wider review of its UK retailer ratings.

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6 Mar 2023 09:48

LONDON BROKER RATINGS: DB cuts Reckitt; Jefferies likes Tesco

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

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6 Mar 2023 00:01

Costa Coffee raises UK staff pay for third time in a year

LONDON, March 6 (Reuters) - Costa Coffee has followed rival Pret A Manger in raising pay for its British store staff for the third time in a year.

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2 Mar 2023 00:01

Britain's Pret raises staff pay for third time in a year

LONDON, March 2 (Reuters) - British coffee and sandwich chain Pret A  Manger will raise staff pay for a third time in a year, an increase that will likely pique the interest of the Bank of England as it weighs up inflationary pressure in the economy.

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1 Mar 2023 20:09

TRADING UPDATES: Ediston signs 10-year lease with Marks & Spencer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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28 Feb 2023 10:31

Ocado's losses swell to $604 million

Loss worse than analysts' expectations

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28 Feb 2023 08:59

Online's share of UK grocery market will rise, says Ocado boss

LONDON, Feb 28 (Reuters) - The boss of British online supermarket Ocado Group said on Tuesday he is convinced online penetration of the country's grocery market will increase from the current 11%.

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