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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
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Share Price: 388.90
Bid: 388.50
Ask: 388.80
Change: -5.60 (-1.42%)
Spread: 0.30 (0.077%)
Open: 392.00
High: 395.30
Low: 388.80
Prev. Close: 394.50
MKS Live PriceLast checked at -

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Tesco, Sainsbury's slide as Asda says overhaul will dent profits

Fri, 14th Mar 2025 15:54

(Sharecast News) - UK supermarket stocks tumbled on Friday after Asda said it would undertake a "substantive" programme of investment in price, availability and the shopping experience to get the business "firing on all cylinders again" that will "materially" dent its profits.

At 1555 GMT, Tesco and Sainsbury's shares were down 6.1%, while Marks & Spencer was 3.5% lower.

In an update on its performance for the year to the end of December 2024, Asda said the investment will "materially" reduce its profitability this year, but that this is expected to reverse as its market share recovers and improves over time.

News of the investment came as Asda reported a 5.8% jump in group adjusted EBITDA to £1.14bn. This was driven by improved gross margins, particularly in non-food, reflecting the strength and scale of the George business, as well as a full year of profit from the 356 Asda Express convenience stores and forecourt sites acquired from EG Group.

However, total revenue - excluding fuel - dipped 0.8% to £21.7bn, while like-for-like sales fell 3.4%.

Executive chairman Allan Leighton said: "Everyone is focused on making Asda the number one choice again for busy hard-working families who demand value. This is what's driving all of our actions across pricing, ranging, merchandising and every part of the business.

"Following the return of Rollback in January, our price advantage has strengthened and customers' perceptions of the value we offer is starting to improve. We will move thousands more products to Rollback at regular intervals this year.

"Looking ahead we still have plenty of work to get our business firing on all cylinders again. While regaining customers' trust will take time, we will undertake a substantive and well backed programme of investment in price, availability and the shopping experience to deliver this. This will materially reduce our profitability this year, which we expect to reverse as our market share recovers and improves over time."

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24 Apr 2025 14:30

M&S says contactless payments still down after cyber attack

(Alliance News) - Marks & Spencer Group PLC on Thursday said it is still battling a cyber incident that hit contactless payments and click and collect orders.

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22 Apr 2025 14:28

IN BRIEF: M&S reports cyber incident to supervisory authorities

Marks & Spencer Group PLC - London-based retailer - Announces it has been managing a cyber incident over the past few days. The company adds it has reported the incident to the relevant data protection supervisory authorities and the National Cyber Security Centre. "As soon as we became aware of the incident, it was necessary to make some minor, temporary changes to our store operations to protect customers and the business and we are sorry for any inconvenience experienced. Importantly, our stores remain open and our website and app are operating as normal. The company has engaged external cyber security experts to assist with investigating and managing the incident. We are taking actions to further protect our network and ensure we can continue to maintain customer service," the firm says.

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17 Apr 2025 17:05

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Bakkavor gives Greencore more time to make firm takeover offer

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10 Apr 2025 11:27

UK's Tesco warns profit to fall as it prepares for price war

Adjusted operating profit for 2024/25 up 10.6%

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10 Apr 2025 09:45

LondonMetric buys long-let M&S logistics warehouse for GBP74 million

(Alliance News) - LondonMetric Property PLC on Thursday said it has acquired a long-let Marks & Spencer Group PLC logistics warehouse for a total of GBP74.0 million.

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7 Apr 2025 08:57

RBC sees further upside at M&S as momentum builds

(Sharecast News) - RBC Capital Markets has reiterated its 'outperform' rating for Marks & Spencer, saying the the business is well positioned to defy sector concerns.

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3 Apr 2025 10:58

IN BRIEF: J Sainsbury adds Sage CEO and former M&S co-CEO to board

J Sainsbury PLC - London-based supermarket chain - Names Steve Hare, the chief executive officer of accounting software firm Sage Group PLC, and Katie Bickerstaffe, the former co-CEO of retailer Marks & Spencer Group PLC, as new non-executive directors, both joining at the Sainsbury's annual general meeting in July. In addition to M&S, Bickerstaffe has held senior positions at electricity supplier SSE PLC, electrical goods retailer Dixons Carphone and electrical goods maker Dyson, and consumer goods firms Pepsico Inc and Unilever PLC. She currently is a non-executive director of housebuilder Barratt Redrow PLC, investment manager Aberdeen Group PLC, and technical products distributor Diploma PLC, where she is senior independent director.

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27 Mar 2025 15:20

London close: Stocks lower on Trump's latest tariff surprise

(Sharecast News) - London stocks ended lower on Thursday as investor sentiment weakened following a surprise announcement by Donald Trump of a new 25% tariff on all imported cars and car parts.

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26 Mar 2025 15:01

London close: Stocks higher as Reeves delivers Spring Statement

(Sharecast News) - London stocks closed modestly higher on Wednesday, supported by investor reaction to the chancellor's Spring Statement and a larger-than-expected drop in UK inflation.

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21 Mar 2025 10:17

Temple Bar Investment raises dividend, upbeat on UK investments ahead

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