The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 272.60
Bid: 273.10
Ask: 273.30
Change: 2.00 (0.74%)
Spread: 0.20 (0.073%)
Open: 271.40
High: 276.20
Low: 271.10
Prev. Close: 270.60
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sector movers: M&S and Tesco drag retailers lower

Fri, 04th Apr 2014 14:24

Retail stocks were trading lower on Friday with heavyweights Marks & Spencer and Tesco providing a drag on the sector.M&S was off shopping lists today after Goldman Sachs retained its 'sell' recommendation for the British department store chain, saying that the business could feel the heat from the recent increase in competition in the grocery market.In a research report dated April 3rd, the bank added the stock to its 'Conviction Sell List' and slashed its target price for the shares from 420p to 340p. The stock was down 1.3% at 465.7p this afternoon."With circa 50% of its revenue [for the year ended March 2014] coming from UK grocery sales, we do not believe M&S will be immune to escalating competition in UK food retail," Goldman said.The comments came ahead of M&S's fourth-quarter trading update on April 10th, which Goldman expects will show flat like-for-like (LFL) sales in Food and another quarter of LFL declines in GM.Supermarket giant Tesco was trading 1.1% lower on speculation that its Finance Chief Laurie McIlwee could quit amid falling profits and a recent decline in market share. According to the Financial Times, the McIlwee, who has worked for Tesco for 15 years, could leave the company in the coming days, citing people familiar with the situation. His possible departure would leave Chief Executive Philip Clarke as the only executive director left on Tesco's board. The FT's sources said that McIlwee had "clashed" with Clark over some areas of the company's strategy.B&Q owner Kingfisher was also among the worst performers on the FTSE 350 on Friday, along with SuperGroup and Ocado.Home furnishings retailer Dunelm was also in the red, pulling back following a strong rise on Thursday after impressing the market with its third-quarter update. Food wholesaler Booker was extending losses after underwhelming with fourth-quarter figures yesterday. Top performing sectors so far todayIndustrial Metals & Mining 1,076.81 +3.42%Forestry & Paper 11,665.38 +2.75%Mining 17,164.16 +1.83%Automobiles & Parts 9,511.25 +1.78%Life Insurance 7,073.99 +1.68%Bottom performing sectors so far todayTechnology Hardware & Equipment 1,220.44 -1.17%Food & Drug Retailers 3,827.66 -0.97%Mobile Telecommunications 4,887.15 -0.86%General Retailers 3,035.23 -0.66%Household Goods & Home Construction 11,482.35 -0.27%BC
More News
29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

Read more
27 Feb 2024 11:53

LONDON MARKET MIDDAY: FTSE 100 falters; eyes on US data

(Alliance News) - Stock prices in London were lower at midday Tuesday, ahead of slew of US data which could help determine the course of interest rates.

Read more
27 Feb 2024 10:28

M&S investing £89m to raise store workers' pay to £12 an hour

(Sharecast News) - High street retailer Marks & Spencer has announced it is to pay UK workers in the Real Living Wage of £12 per hour and make "significant improvements" in family leave policies.

Read more
27 Feb 2024 08:32

TOP NEWS: UK grocery price inflation decelerates amid Valentine's Day

(Alliance News) - Grocery price inflation dropped to two-year low in the UK, as shoppers prioritised savings on Valentine's Day, new data on Tuesday showed.

Read more
26 Feb 2024 15:11

London close: Stocks fall as investors look to US data

(Sharecast News) - London markets closed in negative territory on Monday, as investors remained cautious ahead of the release of crucial US economic data later in the week.

Read more
26 Feb 2024 11:08

M&S withholding multi-million pound payment to Ocado over performance failures

(Sharecast News) - Ocado slumped on Monday following a report over the weekend that Marks & Spencer is withholding a multimillion-pound payment to the group after their grocery delivery venture missed key performance targets.

Read more
16 Feb 2024 12:07

LONDON MARKET MIDDAY: Stocks up as UK retail sales soften GDP jitters

(Alliance News) - Stock prices in London were up strongly at midday on Friday, buoyed by UK retail sales data that came in far better than expected and soothed worries about the economy after numbers on Thursday showed it entered recession last year.

Read more
16 Feb 2024 08:41

LONDON MARKET OPEN: Stocks climb amid UK retail sales surprise

(Alliance News) - Stock prices in London opened higher on Friday morning, after a sentiment-boosting UK retail sales reading which calmed some nerves about the economy.

Read more
15 Feb 2024 11:45

Marks & Spencer adds Puma, Reebook to sports edit platform on website

(Alliance News) - Marks & Spencer Group PLC on Thursday announced an expansion in the range of sportswear products.

Read more
30 Jan 2024 09:02

TOP NEWS: UK grocery price inflation slowdown pauses in January

(Alliance News) - UK consumers continued to hunt for deals during their supermarket shopping in January, numbers from Kantar on Tuesday showed, but more limited promotional activity meant price inflation only eased slightly.

Read more
23 Jan 2024 11:23

Staffline shares fall as profit declines; notes headwinds

(Alliance News) - Staffline Group PLC on Tuesday said underlying operating profit fell in line with market expectations in 2023 as it aimed to "deliver progress into 2024" despite headwinds.

Read more
19 Jan 2024 12:04

LONDON MARKET MIDDAY: FTSE 100 edges up despite poor UK retail sales

(Alliance News) - The FTSE 100 edged higher on Friday at around midday, though the pound struggled after data showed that UK retail sales plunged in December.

Read more
19 Jan 2024 08:50

LONDON MARKET OPEN: FTSE 100 rises amid UK shock retail sales print

(Alliance News) - Stock prices in London outperformed on Friday's market open, after weaker-than-expected UK retail sales data appeared to stoke hopes of an earlier interest rate cut.

Read more
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.

Read more
17 Jan 2024 16:55

LONDON MARKET CLOSE: Stocks slump as Fed rate cut hope dwindles

(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.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.