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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.
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Share Price Information for Marks & Spencer (MKS)
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Share Price:
253.20
Bid:
253.20
Ask:
253.40
Change:
-1.30 (-0.51%)
Spread:
0.20 (0.079%)
Open:
255.30
High:
257.30
Low:
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Prev. Close:
254.50
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Don't have an account? Click here to register.Tesco leads sales falls in the last three months, Nielsen says
Fri, 21st Nov 2014 12:54
Ailing supermarket group Tesco came out at the wrong end of another set of sales data on the UK's food retailers on Friday. Tesco was the biggest sales faller of the 'big four' supermarkets in the 12 weeks to 8 November, dropping 4.2% versus the same period a year ago, according to figures from retail researchers Nielsen.Rival Morrisons was the next biggest victim with a sales fall of 3%, while Sainsbury's dropped 1.8% and Asda slipped 0.8%.The data follow figures from another research group, Kantar Worldpanel, earlier this week showing Tesco's sales fell 3.7% in the 12 weeks to 9 November, though the rate at which it was losing market share slowed.The established supermarkets have been struggling to keep up with discounters such as Aldi and Lidl, while chains such as Marks & Spencer and Waitrose have also been doing well at the higher end of the market.Aldi's sales leapt 21.4%, Lidl soared 23.3% and Waitrose rose 6.9% as they attracted new shoppers, while M&S was also up 1.8%.Overall, year-on-year grocery sales declined for the third month in a row in the four weeks to 8 November, falling 0.9% against the same month a year ago. Sales volumes dropped 1.2%.Nielsen predicted a drop in grocery sales for the final quarter of 2014 of between 0.5% to 1% against a year ago. For the first time in a decade, Nielsen projected a decline in overall industry sales across a calendar year - to £145bn from £146bn in 2013.Mike Watkins of Nielsen said: ""It's been a bad year for the big four supermarkets and they enter the key Christmas trading period with sales growth much weaker than 12 months ago."Much of this has been put down to the discounters, who are gaining share fast, but it's the needs and expectations of shoppers that have been changing - and some of the supermarkets simply haven't adapted quickly enough."
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27 Feb 2024 10:28
M&S investing £89m to raise store workers' pay to £12 an hour
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Read more30 Jan 2024 09:02
TOP NEWS: UK grocery price inflation slowdown pauses in January
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Read more23 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 more19 Jan 2024 12:04
LONDON MARKET MIDDAY: FTSE 100 edges up despite poor UK retail sales
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LONDON MARKET OPEN: FTSE 100 rises amid UK shock retail sales print
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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 more17 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 more16 Jan 2024 12:00
Britain's Ocado Retail pauses new sites for two to three years
Hatfield site closed in 2023, Luton opened
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