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Pin to quick picksMarks & Spencer Share News (MKS)

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Share Price: 259.70
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UK retail sales slowed by food decline, BRC-KPMG finds

Tue, 11th Aug 2015 09:15

(ShareCast News) - A decline in food sales led to a slowing in UK retail sales growth in July, although the BRC-KPMG retail sales monitor increased more than was predicted.With strong non-food sales offsetting a negative performance from food, like-for-like sales in July rose 1.2% year-on-year, ahead of estimates of a 1% rise but down from 1.8% in June.LFL food sales were down 1.6% in the three month period, with strong performances from furniture, home accessories and house textiles helping non-food up 3.2% for an overall quarterly retail sales growth of 1.0%.In the clothing segments, ladieswear had a disappointing month, though accessories, kidswear and summer footwear enjoyed strong sales.The British Retail Consortium and advisory group KMPG's monthly survey revealed total sales were up 2.2%, or if adjusted for the deflation, total growth was 3.6%."Interestingly, of all categories covered by our monitor, total food sales were the worst performing, recording a fall for the first time this year," said BRC director general Helen Dickinson.However online non-food sales rose by 14.7%, against a 14% comparative.Food and drink sales are particularly influenced by the weather at this time of year, explained Joanne Denney-Finch, chief executive of food research specialists IGD."July began with a heatwave and strong food sales but the rest of the month was colder and wetter than average and July's overall performance disappointed after a run of more encouraging months."Analysts at Shore Capital highlighted a tough month for the grocers and concern for the rag trade from the ladieswear numbers."From this data-point we have to retain some caution on the supermarkets in the UK. Deflation and price competition are ?dampening top-lines and gross margins," they wrote."Whilst the grocers toil we sense that fashion retailers will also have some woes with what the BRC-KPMG characterises as surprisingly weak ladieswear sales albeit, as outlined above, accessories, footwear and kidswear are stronger."
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8 Nov 2023 12:08

LONDON MARKET MIDDAY: Europe muted as eyes turn to Fed's Powell

(Alliance News) - European equities largely inched into the green at midday on Wednesday, though investors awaited with caution a speech from US Federal Reserve Chair Jerome Powell this afternoon.

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LONDON MARKET OPEN: M&S impresses but ITV slumps on tepid ad revenue

(Alliance News) - Stock prices in Europe opened mixed on Wednesday, with equities struggling to push on with hawkish words from US central bankers hurting enthusiasm.

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8 Nov 2023 08:35

TOP NEWS: Marks & Spencer cautiously optimistic as profit jumps

(Alliance News) - Marks & Spencer Group PLC on Wednesday reported improved interim results and early signs suggest the clothing, home and food retailer will enjoy a robust Christmas.

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8 Nov 2023 07:45

LONDON BRIEFING: M&S profit surges; JD Wetherspoon upping investment

(Alliance News) - London's FTSE 100 is called to open lower on Wednesday, with equities on the back foot after more hawkish comments from a US central banker.

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8 Nov 2023 07:01

M&S cautious on H2 despite 52% jump in interim profit; Divi restored

(Sharecast News) - UK retailer Marks & Spencer on Wednesday reinstated its dividend and delivered a 56.2% rise in first-half profits, but warned sounded a note of caution about future trade in the run in to Christmas citing higher interest rates, weather and geopolitical events.

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7 Nov 2023 12:07

LONDON MARKET MIDDAY: Housebuilders and retail up, miners and oil down

(Alliance News) - European equities were mixed heading into Tuesday afternoon, with weaker China data and doubts over the US interest rate outlook weighing on the mood.

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3 Nov 2023 11:52

Bangladesh protests halt production for top fashion brands - union

(Alliance News) - Levi's and H&M are among top global clothing brands to suffer production halts in Bangladesh, a garment union leader said Friday, after days of violent protests by workers demanding a near-tripling of their wages.

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1 Nov 2023 16:52

LONDON MARKET CLOSE: Stocks prosper ahead of central bank rate calls

(Alliance News) - Stocks in London took their lead from a positive start on Wall Street to close higher as investors prepare for interest rate decisions in the UK and US.

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1 Nov 2023 16:35

London close: Stocks rise ahead of US Fed policy decision

(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.

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UK earnings, trading statements calendar - next 7 days

Thursday 2 November 
BT Group PLCHalf Year Results
Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
Friday 3 November 
no events scheduled 
Monday 6 November 
Kingspan Group PLCTrading Statement
Kosmos Energy LtdQ3 Results
Ryanair Holdings PLCHalf Year Results
Tuesday 7 November 
Associated British Foods PLCFull Year Results
Beazley PLCQ3 Results
Direct Line Insurance Group PLCTrading Statement
dotdigital Group PLCFull Year Results
IWG PLCQ3 Results
Persimmon PLCTrading Statement
RS Group PLCHalf Year Results
Vaalco Energy IncQ3 Results
Watches of Switzerland Group PLCTrading Statement
Wednesday 8 November 
Conduit Holdings LtdQ3 Results
ITV PLCTrading Statement
JD Wetherspoon PLCQ1 Results
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Secure Trust Bank PLCTrading Statement
Smiths News PLCFull Year Results
Time Out Group PLCFull Year Results
  
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London close: Stocks mixed at start of busy week

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London close: Stocks weaker amid Gaza tensions, hot US producer prices

(Sharecast News) - Stocks in London ended in the red on Wednesday, impacted by heightened concerns regarding global inflation and ongoing situations in the Middle East.

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