Last checked at 18 Jan 2024 12:47
M&S to invest £30m in Scottish stores
(Sharecast News) - Marks & Spencer Group is to invest £30m overhauling its Scottish offering, including closing one of its stores in Aberdeen, the retailer said on Thursday.
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Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
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Share Price:
298.80
Bid:
298.60
Ask:
298.80
Change:
-4.50 (-1.48%)
Spread:
0.20 (0.067%)
Open:
302.40
High:
304.40
Low:
297.00
Prev. Close:
303.30
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Don't have an account? Click here to register.Sector movers: Grocers drop as investors try to gauge duration of price war
Wed, 07th Jan 2015 14:33
Grocery giant Sainsbury on Wednesday unveiled better-than-expected numbers on like-for-like sales for the third quarter.Those dropped by 1.7%, considerably less than the 3.2% drop which analysts had plugged into their spread-sheets.As Shore Capital emphasised in a research note e-mailed to clients, the supermarket operator is in a very difficult competitive situation, caught in the middle as it is between the market leader, Tesco, which is attempting to get its act together, while at the same time losing share to the growing premium retailers such as Marks&Spencer or Waitrose.The British Retail Consortium's (BRC) shop price index, which was released on the same day, revealed a twentieth consecutive monthly drop, of 1.7%. To take note of, the BRC highlighted how the cost savings arising from the recent bout of deflation had in effect been transferred to consumers by way of the discount war between grocers.Mike Watkins, Head of Retailer and Business Insight, Nielsen, said: "With little external pressure to move prices upwards and an uncertain level of consumer demand, retailers will be cautious about price increases, so we can expect a continuation of deflation for at least the first part of 2015."Confirming that outlook, Sainsbury chief Mike Coupe said the outlook for the rest of the financial year was "set to remain challenging". He added that fourth quarter sales were expected to slip further back, to the level seen in the first half, which saw the company's like-for-likes fall 2.1%.Sainsbury thus ended the day 2.13% lower, despite having started the day comfortably to the upside.Not lost on the market either, surely, was the fact that Tesco was set to publish its own trading statement on the following day, as were Morrison Supermarkets and Marks&Spencer.
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17 Jan 2024 16:55
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(Alliance News) - European equities slumped on Wednesday, as interest rate expectations, on both sides of the Atlantic, were re-assessed on the back of some hawkish rhetoric and hotter inflation data.
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Britain's Ocado Retail pauses new sites for two to three years
Hatfield site closed in 2023, Luton opened
*Read more16 Jan 2024 09:08
Britain's Ocado Retail won't open new sites in next 2 to 3 years -CEO
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Britain's Ocado Retail returns to positive earnings in 2022/23 year
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*Read more16 Jan 2024 07:09
Britain's Ocado Retail returns to positive earnings in 2022/23 year
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Read more12 Jan 2024 09:14
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Read more11 Jan 2024 17:24
European shares fall as hot U.S. inflation data rains on rate-cut hopes
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*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%
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