You can now get up to 20 free RNS alerts every day as a registered member. Clickhere to set-up your alerts.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

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: 328.90
Bid: 330.30
Ask: 330.50
Change: -3.30 (-0.99%)
Spread: 0.20 (0.061%)
Open: 332.20
High: 332.50
Low: 327.00
Prev. Close: 332.20
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK food and drink sales surge over Christmas

Tue, 07th Jan 2025 07:21

(Sharecast News) - Household grocery spending hit a record high over Christmas, industry data showed on Tuesday, as shoppers snapped up festive food and drink.

According to retail consultancy Kantar, average household spending on take-home groceries was £460. Sales sparked 2.1% in the four weeks to 29 December.

There was strong demand for more expensive goods over the festive period, with sales of branded goods growing 4.2% and premium own-label by 14.6%.

Footfall also jumped in December, making it the busiest month for retailers since the pre-lockdown rush seen in March 2020.

However, grocery price inflation ticked higher, to 3.7%, the highest since last March. Prices rose fastest in chilled smoothies and juices, chocolate and skincare.

Fraser McKevitt, head of retail and consumer insight at Kantar, said: "It was a solid Christmas for the supermarkets, with sales surpassing £13bn during the four weeks of December for the first time ever, showing people were clearly in the mood to celebrate and spend.

"In contrast to reports of disappointing footfall across the rest of the high street, it was a very different story in the world of grocery."

Among individual retailers, sales at hard discounters Aldi and Lidl rose by 2.9% and 6.6% respectively in the 12 weeks to 29 December.

As a result, their respective market shares over the Christmas period reached 7.3% and 10%, their highest ever.

The only grocer to beat Lidl's sales growth was online-only Ocado, which saw sales grow 9.6%.

Sales at Tesco - the UK's biggest grocer - jumped 5%, giving it a market share of 28.5%. At J Sainsbury sales improved by 3.5% and by 2.1% at upmarket chain Waitrose.

But Asda and Morrisons fare less well. At Morrisons, sales ticked up just 0.4%, while at Asda they slid 5.8%.

At Marks & Spencer, which Kantar does not define as a pure play grocer, spending on food and drink rose by 8.7%.

More News
14 Jan 2025 15:00

London close: Stocks mixed on cooler-than-expected US producer inflation

(Sharecast News) - London's equity markets closed Tuesday in mixed territory as investors assessed new producer price data from across the pond, as well as the implications of a heavily oversubscribed UK government bond auction.

Read more
14 Jan 2025 11:53

LONDON MARKET MIDDAY: Stocks rise as Reeves and MPs square off

(Alliance News) - Stock prices in London were in the green at midday on Tuesday ahead of producer price inflation data from the US, due out at 1330 GMT.

Read more
14 Jan 2025 10:59

UPDATE: Ocado Retail has best Christmas ever with revenue up 18%

(Alliance News) - Ocado Group PLC on Tuesday said it is confident to continue "market-leading" sales growth and volume momentum in the new financial year, as revenue for its joint venture with Marks & Spencer Group PLC, climbed comfortably in the fourth quarter of its financial year that ended in December.

Read more
14 Jan 2025 07:18

Ocado Retail delivers strong Q4 and record Christmas

(Sharecast News) - Ocado Retail delivered a strong finish to its financial year, with sales growth accelerating in the fourth quarter as weekly orders reached a milestone of 500,000 for the first time.

Read more
13 Jan 2025 11:53

CBI head says Labour has "bruised" trust of businesses after budget

(Alliance News) - The UK chancellor has "bruised" business confidence by expecting companies to help fill the hole in public finances, the chair of the Confederation of British Industry, CBI, has said.

Read more
10 Jan 2025 09:48

LONDON BROKER RATINGS: Morgan Stanley raises Reckitt but cuts Haleon

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

Read more
9 Jan 2025 17:03

LONDON MARKET CLOSE: Stocks rally despite retail pain as bonds steady

(Alliance News) - Stocks closed mostly higher on Thursday, although the pound remained under pressure, as a degree of calmness returned to bond markets after recent volatility.

Read more
9 Jan 2025 16:53

London close: Stocks led higher by rising metal prices

(Sharecast News) - London stocks maintained positive momentum through to the close on Thursday, driven by gains in the mining sector and the continued depreciation of the pound.

Read more
9 Jan 2025 12:04

LONDON MARKET MIDDAY: UK-focused stocks slip as pound slump continues

(Alliance News) - London's FTSE 100 was higher on Thursday afternoon, but gains were hard to come by for domestically-focused stocks, as bond market turmoil and a slump for the pound persisted.

Read more
9 Jan 2025 09:13

Marks & Spencer shares slump despite sales boost over Christmas

(Alliance News) - Marks & Spencer Group PLC on Thursday expressed confidence in making further progress this year following "another good Christmas," fuelled by strong sales in its Food division and steady performance in Clothing, Home & Beauty.

Read more
9 Jan 2025 08:45

LONDON MARKET OPEN: Pound slumps to more than one-year low

(Alliance News) - Stock prices in London made a largely uninspiring start to Thursday, amid a mixed response to Christmas trading statements from high streets, while the pound's descent continued.

Read more
9 Jan 2025 07:50

LONDON BRIEFING: Tesco and M&S hail strong Christmas trade

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, shaking off an "uncertain" US interest rate path, softer Chinese data and wild moves in the UK bond market.

Read more
9 Jan 2025 07:05

M&S Xmas food sales beat expectations

(Sharecast News) - Shares in Marks & Spencer fell sharply on Thursday despite the food and clothing retailer posting a 6.4% rise in UK third quarter like-for-like sales after a better-than-expected performance over the key Christmas period.

Read more
7 Jan 2025 08:59

UK grocery sales hit festive Christmas high but inflation picks up

(Alliance News) - UK grocery sales reached record levels in December, but there was less welcome spike in food price inflation, a report on Tuesday showed.

Read more

Make Better Investment Decisions

Register for FREE

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.