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: 244.80
Bid: 244.70
Ask: 244.90
Change: -5.40 (-2.16%)
Spread: 0.20 (0.082%)
Open: 246.80
High: 249.50
Low: 243.10
Prev. Close: 250.20
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Big Four Lose Market Share, Ocado Trades Strongly - Kantar

Tue, 17th Sep 2019 08:52

(Alliance News) - The UK grocery market returned to growth in the 12 weeks to September 8 but consumers are not stockpiling items ahead of Brexit, Kantar said on Tuesday.

Total grocery sales for the 12 week period rose to GBP26.77 billion from GBP26.62 billion in the same period in 2018. The rise was particularly helped by a warm August bank holiday with shoppers spending GBP1.3 billion from Friday to Sunday, marginally more than last year, Kantar said.

The traditional "big four" grocers, Tesco PLC, J Sainsbury PLC, Wm Morrison Supermarkets PLC, and Walmart Inc-owned Asda Stores Ltd all lost market share in the 12 week period, however.

Tesco's sales fell by 1.4% to GBP7.19 billion from GBP7.29 billion, with market share slipping to 26.9% from 27.4%. Sainsbury's sales stayed broadly flat at GBP4.10 billion though its market share fell to 15.3% to 15.4%.

Asda had a 1.0% year-on-year sales fall to GBP4.04 billion from GBP4.08 billion and market share slipped to 15.1% from 15.3%. Meanwhile, Morrison sales were down 2.0% during the period at GBP2.66 billion versus GBP2.72 billion and market share fell to 9.9% from 10.2%.

The strongest sales rise of all grocers was by Ocado which also had a market share increase to 1.4% from 1.2%. The FTSE 100-listed company's sales grew by 13% to GBP365 million from GBP324 million in the 12 week period.

Kantar's Head of Retail & Consumer Insight Fraser McKevitt said: "With one year to go until Ocado starts selling Marks & Spencer Group PLC products alongside its own lines and national brands, sales at Ocado were up by 12.7%. Ice cream, cheese and sparkling wine all experienced growth in excess of 20%."

Ocado, separately on Tuesday, said its revenue and average weekly orders increased in the third quarter. In the 13 weeks to September 1, Ocado's retail revenue grew by 11% year-on-year to GBP386.3 million and average orders per week increased by 12% to 314,000.

Also, delivering sales rises during the 12-week period were major discounters Aldi and Lidl, both recording a rise in market share.

Aldi had a 6.3% sales jump to GBP2.16 billion from GBP2.03 billion, earning an 8.1% share of the market, up year-on-year from 7.6%.

Kantar data showed Lidl's market share rose to 6.0% from 5.5%. Sales at the grocer were up by 9.2% to GBP1.59 billion from GBP1.46 billion.

The Co-operative Group's market share was flat at 6.6%, despite delivering a 1.8% rise in sales to GBP1.78 billion.

Waitrose, which will have its products sold on Ocado's website until September 2020 latest, saw a 1.3% year-on-year sales fall to GBP1.36 billion in the 12 week period, Market share fell slightly to 5.0% from 5.1%.

Also registering a sales fall was Iceland Foods Ltd, by 2.0% to GBP560 million, though its market share remained at 2.1%.

Kantar said that Brexit uncertainty persisted but data showed no evidence that consumers were stockpiling items ahead of the UK's withdrawal.

McKevitt said: "As we move closer to October 31, it seems talk about stockpiling might be just that because we're not seeing any evidence of it at the moment. In fact, households bought 0.9% fewer items during the past 12 weeks than they did last year."

Grocery inflation stood at 1.0% for the 12-week period, Kantar said. Prices rose fastest in markets such as crisps, canned fish and frozen fish, while were down in canned cola, chilled fruit juices and instant coffee.

Tesco shares were up 0.1% early Tuesday, while Morrison shares were down 0.7%. Sainsbury's was up 0.3% and Ocado up by 1.6%.

More News
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
11 Apr 2024 07:49

LONDON BRIEFING: Astra promises dividend hike; Darktrace ups guidance

(Alliance News) - Stocks in London are called to open slightly higher on Thursday, as investors eye the latest interest rate decision from the European Central Bank, a day after a hotter-than-expected US inflation reading.

Read more
8 Apr 2024 16:52

London close: Stocks rise at start of busy week

(Sharecast News) - London markets closed with gains on Monday as investors exercised caution ahead of key events later in the week.

Read more
27 Mar 2024 11:16

TRADING UPDATES: Sorted renews M&S deal; Tribe completes drill build

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
26 Mar 2024 17:05

UK's FTSE 100 edges higher as retailers stocks climb

Petershill Partners up on mulling share buyback plan

*

Read more
26 Mar 2024 16:59

LONDON MARKET CLOSE: FTSE 100 closes higher on busy corporate day

(Alliance News) - Stock prices in London closed higher on Tuesday, as investors are waiting to see a key inflation reading from the US on Friday.

Read more
26 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat amid China-West tension

(Alliance News) - The FTSE 100 recovered slightly from a tricky morning on Tuesday to trade flat heading into the afternoon, though simmering global tensions have kept a lid on its progress in the early part of the week.

Read more
26 Mar 2024 11:04

Ocado Retail sales rise as sharper prices win customers

Q1 revenue up 10.6%

*

Read more
26 Mar 2024 09:29

Ocado, M&S still talking over final Ocado Retail payment, says jv CEO

LONDON, March 26 (Reuters) -

Read more
26 Mar 2024 09:09

TOP NEWS: Ocado Retail backs outlook after strong start to 2024

(Alliance News) - Ocado Retail Ltd on Tuesday said sales had grown strongly at the start of 2024 boosted by a broader product range and price cuts.

Read more
26 Mar 2024 08:58

LONDON MARKET OPEN: Stocks continue slow-down amid global tensions

(Alliance News) - Stock prices in London opened lower on Tuesday as a slow start to the week continues, with investors having simmering global tensions to be mindful of.

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.