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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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Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
Share Price is delayed by 15 minutes
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Share Price:
296.20
Bid:
296.10
Ask:
296.30
Change:
0.80 (0.27%)
Spread:
0.20 (0.068%)
Open:
297.60
High:
298.40
Low:
294.70
Prev. Close:
295.40
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Don't have an account? Click here to register.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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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.
Read more6 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.
Read more6 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.
Read more6 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:
Read more6 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.
Read more2 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.
Read more1 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:
Read more28 Feb 2023 10:31
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%.
Read more28 Feb 2023 08:52
TOP NEWS: Ocado loss balloons as cost of living woe hits grocery sales
(Alliance News) - Ocado Group PLC on Tuesday said annual sales at its retail joint-venture fell, as cost of living pressure in the UK hurt grocery basket values.
Read more28 Feb 2023 08:29
UK's Ocado has plenty of salad items, says CEO
LONDON, Feb 28 (Reuters) - British online supermarket Ocado Group currently has a good supply of salad items, chief executive Tim Steiner told reporters on Tuesday.
Read more28 Feb 2023 07:09
Ocado's annual loss swells to 501 mln stg
LONDON, Feb 28 (Reuters) - Ocado Group, the British online supermarket and technology group, reported a worse-than-expected full-year loss, partly reflecting profits being wiped out at its retail joint venture with Marks & Spencer .
Read more24 Feb 2023 09:09
M&S appoints former Permira partner non-executive director
(Sharecast News) - Marks & Spencer Group has appointed a former Permira partner to its board, the retailer confirmed on Friday.
Read more21 Feb 2023 11:42
Where are the tomatoes? Britain faces shortage as imports hit
Disrupted harvests in Europe and Africa hit supply
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