Last checked at 16 Jan 2024 08:26
Britain's Ocado Retail returns to positive earnings in 2022/23 year
Q4 2022/23 revenue up 10.9%
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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:
261.50
Bid:
261.60
Ask:
261.80
Change:
0.80 (0.31%)
Spread:
0.20 (0.076%)
Open:
262.20
High:
262.80
Low:
259.10
Prev. Close:
260.70
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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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16 Jan 2024 07:09
Britain's Ocado Retail returns to positive earnings in 2022/23 year
LONDON, Jan 16 (Reuters) - British online supermarket Ocado Retail said on Tuesday it would meet its forecast of a return to positive earnings for its full 2022/23 year after reporting fourth quarter to Nov. 26 revenue growth of 10.9%.
Read more12 Jan 2024 09:14
LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more11 Jan 2024 17:24
European shares fall as hot U.S. inflation data rains on rate-cut hopes
WPP down after UBS downgrade
*Read more11 Jan 2024 17:03
11 Jan 2024 16:53
LONDON MARKET CLOSE: Stocks lower on hotter-than-expected US inflation
(Alliance News) - Stock prices in London closed lower on Thursday, after US rate cut expectations suffered a setback following some hotter-than-expected inflation data.
Read more11 Jan 2024 16:34
London close: Stocks fall as US inflation comes in hot
(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.
Read more11 Jan 2024 12:02
Partying Britons boost Tesco and M&S at Christmas but cautious for new year
LONDON, Jan 11 (Reuters) - Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic conditions.
Read more11 Jan 2024 12:00
LONDON MARKET MIDDAY: Stocks level out as US inflation nerves kick in
(Alliance News) - Upbeat morning trade for European markets gave way to caution by midday on Thursday, as investors look to a make-or-break US inflation reading, and what it could mean for the Federal Reserve interest rate outlook.
Read more11 Jan 2024 09:44
Tesco raises profit outlook again after strong Christmas sales
6 weeks to Jan 6 UK like-for-like sales up 6.8%
*Read more11 Jan 2024 08:40
LONDON MARKET OPEN: Stocks in the green; M&S slides as Tesco edges up
(Alliance News) - Stock prices in London climbed at Thursday's market open, with investors feeling hopeful ahead of US inflation data, and considering Christmas updates from grocery companies.
Read more11 Jan 2024 07:41
LONDON BRIEFING: M&S reports strong sales momentum; Tesco ups guidance
(Alliance News) - Stocks in London are tipped for a strong start on Thursday, as global equity markets benefit from optimism ahead of the US inflation print later in the day.
Read more11 Jan 2024 07:01
M&S sees FY in line as Christmas sales rise 8.1%
(Sharecast News) - UK retailer Marks & Spencer said it expected to deliver annual results in line with expectations despite higher-than-expected cost increases as it reported an 8.1% rise in sales over the key Christmas quarter driven by food revenue and womenswear.
Read more10 Jan 2024 08:49
LONDON MARKET OPEN: Grocers weigh on FTSE as Sainsbury's disappoints
(Alliance News) - Stock prices in London opened mixed on Wednesday, as investors remained cautious ahead of US inflation data, and rising geopolitical tensions.
Read more9 Jan 2024 08:00
UK's M&S Christmas food sales growth topped only by Lidl
M&S food sales up 12.1% year-on-year in 12 weeks to Dec 30 -NIQ
*Read more