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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
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Share Price: 259.50
Bid: 259.40
Ask: 259.70
Change: 1.70 (0.66%)
Spread: 0.30 (0.116%)
Open: 256.00
High: 260.20
Low: 254.00
Prev. Close: 257.80
MKS Live PriceLast checked at -

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UK Retail Shares Up As Govt Keeps No VAT On Food, Kids Clothes

Tue, 22nd Jun 2010 13:57

LONDON (Dow Jones)--U.K. retail stocks rose Tuesday after the U.K.'s coalition government announced a value-added-tax from next year but kept food and children's clothes exempt. VAT will increase to 20% from 17.5% Jan. 4, George Osborne said, delivering his first budget as U.K. Chancellor of the Exchequer. The rise to 20% was broadly expected by the retail industry, but the notice period and the fact that VAT wasn't extended to other product categories will soften the blow for high-street retailers and supermarket groups with non-food offers, PricewaterhouseCoopers analyst Mike Bailey said. At 1247 GMT, electronics group DSG International PLC (DSGI.LN) was up 4.8% at 29 pence, clothing, food and home ware retailer Marks & Spencer Group PLC (MKS.LN) was up 1.8% at 349 pence and supermarket group Tesco PLC (TSCO.LN) was up 1% at 392 pence. -By Simon Zekaria, Dow Jones Newswires; +44 207 842-9410; simon.zekaria@dowjones.com (END) Dow Jones Newswires June 22, 2010 08:57 ET (12:57 GMT)
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