We would love to hear your thoughts about our site and services, please take our survey 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: 261.00
Bid: 260.80
Ask: 260.90
Change: 0.30 (0.12%)
Spread: 0.10 (0.038%)
Open: 262.20
High: 262.80
Low: 260.60
Prev. Close: 260.70
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Thursday tips round-up: M&S, Centamin

Thu, 06th Nov 2014 07:28

Shares of Marks &Spencer rose sharply following its first-half results on Wednesday, pushing the company's forward price-to-earnings multiple to just over 13, from just over 12, writes the Financial Times' Lex column. The reason for that, tellingly, is that many analysts did not revise their full-year forecasts higher in the aftermath of those numbers. So were the share price gains justified? That depends. Has the company finally managed to restore the fortunes of its fashion segment? The short answer is no, the paper said. In the most recent quarter its clothing sales dropped 3%, versus up 2.4% over at Next. True, gross margins in clothing are now expected to be higher and free-cash flow improved as capital spending was cut back.Hence the small rise in the dividend. Nevertheless, and quite fittingly, all of the above action took place ahead of Guy Fawkes Night - which epitomises Brits' penchant for expensive, and ephemeral, fireworks displays. But that is all the share price move was - fireworks - so it's time to move on, Lex says.As if the international price of gold plumbing four-year lows were not bad enough, Egypt-focused Centamin on Wednesday cut its production forecast for its Sukari mine. Whereas only a month ago it was confident of reaching output of 420,000 ounces of gold, now it only expects an increase to between 370,000 and 380,000 ounces, resulting from lower grades mined and a decrease in output.That is still better than last year's mark of 356,943 ounces but still 12% less than its previous estimate for 2014. "Back to their bad old ways of overpromising and underdelivering," griped analysts at Panmure Gordon.On the positive side of things, the firm continues to be on track to reach a rate of production of between 450,000 to 500,000 ounces a year, once it has expanded its ore-processing plant. It is also free of debt and unhedged with cash. Even so, 'sell', says The Times' Tempus, adding that "gold demand and prices look shaky at best".
More News
23 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges

(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.

Read more
23 Apr 2024 08:54

LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend

(Alliance News) - Stock prices in London continued to build on Monday's gains early on Tuesday, thanks to sentiment boosted by the prospect of interest rate cuts.

Read more
23 Apr 2024 08:36

TOP NEWS: Grocery inflation eases again in April despite early Easter

(Alliance News) - Grocery price inflation eased further in April, aided by a significant increase in promotional spending, new data showed on Tuesday.

Read more
22 Apr 2024 17:21

London shares climb over 1%, M&A action lifts midcap stocks

FTSE 100 up 1.6%, FTSE 250 adds 1.1%

*

Read more
22 Apr 2024 16:58

LONDON MARKET CLOSE: New record close for FTSE 100 as war fears ease

(Alliance News) - London's FTSE 100 surged on Monday, with blue-chip equities supported by an easing of geopolitical worry, and hope that the Bank of England is getting a handle on UK inflation.

Read more
22 Apr 2024 14:54

London close: Stocks jump on weaker sterling, easing geopolitics

(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.

Read more
22 Apr 2024 11:33

Jefferies upgrades M&S, Next and Sainsbury's to 'buy'

(Sharecast News) - Jefferies upgraded its stance on a host of UK retail stocks on Monday.

Read more
22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
22 Apr 2024 08:49

LONDON MARKET OPEN: Hipgnosis jumps on Blackstone rival offer

(Alliance News) - Stock prices in London opened higher on Monday, as investors shook off nerves ahead of a key US inflation reading later this week.

Read more
19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

Read more
17 Apr 2024 08:53

LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.

Read more
16 Apr 2024 08:38

UK discounter B&M expects full-year profit at top end of guidance

2023/24 revenue up 10.1% to 5.5 bln stg

*

Read more
11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

Read more
11 Apr 2024 08:59

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
11 Apr 2024 07:54

JPMorgan upgrades Marks & Spencer to 'overweight'

(Sharecast News) - JPMorgan Cazenove upgraded Marks & Spencer on Thursday to 'overweight' from 'neutral' and lifted the price target to 330p from 260p as it took a look at European general retail.

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.