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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: 296.60
Bid: 296.60
Ask: 296.80
Change: 1.20 (0.41%)
Spread: 0.20 (0.067%)
Open: 297.60
High: 298.40
Low: 294.70
Prev. Close: 295.40
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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12 Jan 2023 13:09

End of the "greenium"

STOXX on the rise ahead of U.S. CPI

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12 Jan 2023 11:23

Wine and sequins help UK's M&S sparkle at Christmas

Like-for-like food sales up 6.3%, clothing & home up 8.6%

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12 Jan 2023 11:11

Excuse me, at what level is the terminal rate?

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at .

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12 Jan 2023 10:07

TOP NEWS: Marks & Spencer food sales grow 10% during Christmas period

(Alliance News) - Marks & Spencer Group PLC on Thursday said it outperformed the market "on volume and value" in the key four-week Christmas period.

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12 Jan 2023 10:04

Still climbing

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at .

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12 Jan 2023 07:51

LONDON BRIEFING: Centrica lifts outlook; Tesco Christmas sales up

(Alliance News) - London FTSE 100 is called to open higher as investors hope Thursday afternoon's US consumer price index reading confirms weaker inflationary pressure and prompts the Federal Reserve to soften its monetary policy.

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12 Jan 2023 07:25

M&S upbeat on strong Christmas trading performance

(Sharecast News) - Marks and Spencer reported a "strong" Christmas trading performance in an update on Thursday, with food sales ahead 10.2% year-on-year, or 6.3% on a like-for-like basis.

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11 Jan 2023 12:46

Thursday preview: US CPI, M&S in the spotlight

(Sharecast News) - All eyes on Thursday were expected to be on the latest US consumer price data.

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11 Jan 2023 09:36

JD Sports sees bills-free young shoppers boosting profits

Total revenue growth of over 20% in 6 weeks to Dec. 31

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10 Jan 2023 13:34

Festive demand boosts supermarket sales

(Sharecast News) - Grocery sales jumped in December, industry research showed on Tuesday, as shoppers splashed out on last-minute festive treats.

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10 Jan 2023 09:35

UK recession to limit food retail sales growth in 2023 -NielsenIQ

UK grocery sales rose 10.9% in 4 weeks to Dec. 31 -NielsenIQ

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10 Jan 2023 08:00

UK recession to limit 2023 growth in food retail sales to 5% -NielsenIQ

LONDON, Jan 10 (Reuters) - Weak confidence around personal finances and a squeeze on disposable income will hold back growth in food retail sales to around 5% in 2023, according to market researcher NielsenIQ.

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9 Jan 2023 15:40

Jefferies raises target price on Marks & Spencer

(Sharecast News) - Analysts at Jefferies raised their target price on retailer Marks & Spencer from 115.0p to 125.0p on Monday after market share data confirmed a "strong Q3" for the group.

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9 Jan 2023 09:49

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

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

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5 Jan 2023 15:40

UK earnings, trading statements calendar - next 7 days

Friday 06 January 
Ten Entertainment Group PLCTrading Statement
Monday 09 January 
Assura PLCTrading Statement
Quartix Technologies PLCTrading Statement
Tuesday 10 January 
Games Workshop Group PLCHalf Year Results
Robert Walters PLCTrading Statement
RS Group PLCTrading Statement
Shoe Zone PLCFull Year Results
XP Power LtdTrading Statement
Wednesday 11 January 
Barratt Developments PLCTrading Statement
JD Sports Fashion PLCTrading Statement
Topps Tiles PLCQ1 Results
Vistry Group PLCTrading Statement
Thursday 12 January 
DFS Furniture PLCTrading Statement
Gym Group PLCTrading Statement
Hilton Food Group PLCTrading Statement
Marks & Spencer Group PLCTrading Statement
Taylor Wimpey PLCTrading Statement
Tesco PLCTrading Statement
Whitbread PLCTrading Statement
XP Power LtdTrading Statement
  
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