Marks & Spencer Share News (MKS)

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.

LONDON MARKET CLOSE: FTSE 100 outshines Europe after ECB lowers rates

(Alliance News) - London's FTSE 100 ended little changed on Thursday, outperforming European peers, as investors weighed an as expected interest rate cut by the European Central Bank.

London close: Stocks mixed after turbulent tariff-fuelled week

(Sharecast News) - London stocks ended Friday in mixed territory as geopolitical tensions weighed on investor sentiment, following China's decision to sharply increase tariffs on US goods.

Bakkavor gives Greencore more time to make firm takeover offer

(Alliance News) - Bakkavor PLC on Friday said it has granted suitor Greencore PLC an extension to the deadline for it to make a firm takeover offer, as the convenience food making peers discuss a possible GBP1.2 billion bid.

London close: Stocks rebound as Trump puts tariffs on ice

(Sharecast News) - London stocks closed sharply higher on Thursday, buoyed by investor relief after US president Donald Trump announced a 90-day pause on most of his proposed retaliatory tariffs.

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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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.

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.

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.

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.

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.

Temple Bar Investment raises dividend, upbeat on UK investments ahead

(Alliance News) - Temple Bar Investment Trust PLC on Friday raised its dividend after reporting an improved net asset value, as NatWest Group PLC, Barclays PLC and Standard Chartered PLC contributed strongly to the portfolio in 2024.

LONDON BROKER RATINGS: HSBC raises Lloyds Banking to 'buy'

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

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

(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.

IN BRIEF: AEW UK buys "high-yielding" retail asset in "affluent" town

AEW UK REIT PLC - Leeds, England-based real estate investment trust - Announces completion of its purchase of a freehold high-street retail asset in Hitchen, an "affluent commuter town" north of London, for GBP10.0 million. Says the price reflects an "attractive" 8.31% net initial yield and a GBP213 per square foot capital value. Property provides 46,905 square feet of space across 12 retail units and an office building. AEW says the retail units "are fully let to a strong line-up of 12 tenants, with recent leasing activity evidencing the strength of the location". Tenants include Marks & Spencer PLC, Next Holdings Ltd and Vodafone Ltd. AEW says the acquisition demonstrates its "swift and ongoing redeployment of sale proceeds from the recent disposal of Central Six Retail Park in Coventry, with a significant amount of the remaining proceeds also under exclusive negotiation".