Last checked at 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
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Marks & Spencer Share News (MKS)
MKS Share
Price
MKS Share
News
MKS Share
Chat
MKS Share
Trades171
MKS
Live RNS
MKS Share
Charts
MKS Level 2
Console
MKS Live
Share Price
MKS Broker
Ratings
MKS Directors
Deals
MKS Financial
Diary
MKS
Fundamentals
MKS Short
Positions
MKS
Media
Marks & Spencer Information
Share Price Information for Marks & Spencer (MKS)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
267.40
Bid:
267.20
Ask:
267.50
Change:
1.30 (0.49%)
Spread:
0.30 (0.112%)
Open:
267.10
High:
268.50
Low:
266.10
Prev. Close:
266.10
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.UBS reiterates 'buy' on Marks & Spencer but cuts target price
Thu, 02nd Jun 2016 09:25
(ShareCast News) - Marks & Spencer had its 'buy' rating reiterated and target price cut to 440p from 490p by UBS on Thursday.UBS hailed chief executive Steve Rowe's strategy to revive the retailer's clothing business by reducing prices and improving the quality.The newly appointed boss of M&S warned that profits in fiscal year 2017 would be dented as a result of the price cuts. Rowe said the company had lost £200m in clothing sales in the last three years and drastic measures were needed to turnaround the general merchandise division. "The scale of the price cuts (15% reduction across 30% of the range) is significant enough for customers to notice and combined with less product overlap and brand simplification we expect to see the like-for-like sales improve once the price cuts annualise," said UBS analyst Adam Cochrane.UBS cut its estimate on pre-tax profit for fiscal year 2017 by 12% to £625m. Like-for-like sales are now expected to drop 3%, compared to an earlier estimate for a 1% decrease, due to lower margins and higher operating expenditure."Our price target remains set under discounted cash flow and falls to reflect lower profit estimates," said Cochrane."We re-iterate our buy rating on M&S as we think the current share price more than reflects the downgraded guidance. We see greater upside risk at this stage given conservative guidance, potential sentiment improvement and healthy dividend yield."Shares rose 1.21% to 358.70p at 0952 BST.
More News
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 more29 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 more23 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 more23 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 more23 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 more22 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 more22 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 more22 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 more22 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 more22 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 more22 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 more19 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 more17 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 more16 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