The next focusIR Investor Webinar takes places on 14th May with guest speakers from 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: 258.30
Bid: 258.30
Ask: 258.50
Change: 3.70 (1.45%)
Spread: 0.20 (0.077%)
Open: 254.60
High: 259.20
Low: 254.60
Prev. Close: 254.60
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Grocery Sales Spike Amid New UK Lockdown Measures - Kantar

Tue, 08th Dec 2020 08:43

(Alliance News) - UK demand for groceries has surged in November, research agency Kantar said on Tuesday, amid limited opportunities to drink in pubs and restaurants.

UK take-home grocery sales rose 11% in the 12 weeks to November 29, to total GBP27.67 billion, the fastest rate of growth since August. In the most recent four weeks sales increased by 14% - as eating and drinking out of home was restricted by the English national lockdown, noted Kantar.

More than 6 million households shopped at a grocer online in November - the highest ever - with digital platforms accounting for 14% of all sales - also a record.

"The three days before non-essential retail and hospitality closed on 5 November were especially busy, with grocery sales that week up by 17%," highlighted Fraser McKevitt, head of retail & consumer insight at Kantar.

November as a whole saw shopper frequency hit its highest level since the beginning of the pandemic, McKevitt continued, suggesting more confidence among people going into stores, he added.

"Those factors contributed to November being the single largest month ever for the supermarkets," said McKevitt. "December's numbers are likely to surpass that again."

Amongst individual retailers, Ocado PLC demonstrated that online shopping has been one of the major trends of 2020, growing by 38% in the 12 weeks to November 29. This period also fully covers the time since Ocado started selling Marks & Spencer Group PLC products, during which its share of the chilled ready meals market has tripled to just over 3%.

Wm Morrison Supermarkets PLC led the 'Big Four' grocers, with sales increasing both in store and online, resulting in growth of 14%, and gaining 0.2 percentage points of market share to stand at 10.3%.

J Sainsbury PLC's share remained steady at 15.7%, with sales up by 11% in the latest 12 weeks. Tesco PLC's sales rose by 10%, and Walmart Inc Asda's by 7.7%.

Walmart in October agreed to sell Asda to Issa Brothers and UK-based private equity firm TDR Capital LLP for GBP6.8 billion. Brothers Mohsin and Zuber Issa are co-chief executives of Blackburn-based British retailer EG Group, a company which operates fast food outlets and petrol stations in Europe, Australia and the US.

Discounters Aldi sales were up by 7.0%, with a 7.7% share of the market.

Both Iceland and Lidl, meanwhile, found success this month, with growth caming from the freezer aisles, while fruit, vegetables and household cleaning products also grew quickly. Lidl reached a new record market share of 6.2%, as sales grew by 14%.

Elsewhere, Waitrose increased sales by 13%, its fastest rate of growth since 2005, with sales of fresh meat and fresh fish rising by 25% and 16%, respectively. Its share rose by 0.1 percentage points on last year, and the retailer now accounts for 4.9% of the market.

Co-op's growth increased to 9.8%, with the convenience retailer holding on to a market share of 6.3%.

Shares in Ocado were up 0.9% at 2,211.00 pence in London early Tuesday. Morrisons was up 1.2% at 175.60p, Tesco up 0.4% at 225.80p and Sainsbury's was 0.8% higher at 213.40p.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
2 May 2024 17:06

FTSE 100 boosted by strong earnings from Shell, StanChart

StanChart jumps after posting a 5.5% rise in pretax profit

*

Read more
2 May 2024 08:00

Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ

LONDON, May 2 (Reuters) - Online supermarket Ocado , discounter Lidl and upmarket food seller Marks & Spencer were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday.

Read more
29 Apr 2024 17:13

Ocado pay policy opposed by 19% of votes cast at annual meeting

LONDON, April 29 (Reuters) - Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million).

Read more
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

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.