Less Ads, More Data, More Tools Register for FREE

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: 302.00
Bid: 302.50
Ask: 302.70
Change: -1.90 (-0.63%)
Spread: 0.20 (0.066%)
Open: 303.00
High: 304.10
Low: 300.90
Prev. Close: 303.90
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK's M&S Christmas food sales growth topped only by Lidl

Tue, 09th Jan 2024 08:00

M&S food sales up 12.1% year-on-year in 12 weeks to Dec 30 -NIQ

*

Almost 29% of UK households shopped at M&S in Dec -NIQ

*

UK grocery sales up 4.3% in week to Dec. 28 -NIQ

By James Davey

LONDON, Jan 9 (Reuters) - Apart from German-owned discounter Lidl GB, Marks & Spencer was Britain's fastest growing supermarket in the Christmas quarter, industry data published on Tuesday showed.

Researcher NIQ said M&S's food sales on a value basis rose 12.1% in the 12 weeks to Dec. 30 year-on-year, with its share of the UK grocery market rising 0.1 percentage point to 3.8%.

Almost 29% of households shopped at M&S in December, up from 27% in the same period last year, equating to 500,000 new shoppers, it said.

M&S's food shopper numbers always jump at Christmas. Its challenge is to retain them for the rest of the year.

The group, which also sells clothing and homewares, will update on Christmas trading on Thursday.

NIQ said Lidl GB's sales over the 12 week period rose 15.3%, while fellow discounter Aldi UK's sales were up 11.4%, increasing their combined market share to 20.1%.

Echoing data from rival market researcher Kantar last week, NIQ said market leader Tesco and No. 2 Sainsbury's also performed robustly with sales up 7.4% and 8.7% respectively, but privately owned Asda and Morrisons were laggards with growth of 3.2%. Kantar's monthly report does not include M&S.

Tesco will also update on Christmas trading on Thursday, a day after Sainsbury's.

NIQ said total supermarket sales in cash terms reached 4.8 billion pounds ($6.1 billion) during the week ending Dec. 23, the biggest week on record and an increase of 4.3% on Christmas 2022. Sales on a volume basis rose 1.2%.

The researcher said confectionery was the highest performing category in December with 17.3% value growth but value sales for beers, wines and spirits slowed to 1.6% with volumes down.

Separately on Tuesday, data from the British Retail Consortium showed lacklustre overall UK retail sales around Christmas, which may add to concerns that the economy has tipped into a mild recession, less than a year before a likely national election. ($1 = 0.7841 pounds)

More News
10 Oct 2023 08:44

TOP NEWS: UK grocery price inflation cools; sales lifted by promotions

(Alliance News) - UK grocery price inflation cooled to a seventh-month low of 11% in the four weeks to October 1 as prices of staple foods dropped, according to survey data from Kantar on Tuesday.

Read more
29 Sep 2023 12:21

Broker tips: Marks & Spencer, Intertek, Landsec

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.

Read more
29 Sep 2023 10:58

BofA Merrill Lynch upgrades Marks & Spencer to 'buy'

(Sharecast News) - Bank of America Merrill Lynch upgraded Marks & Spencer on Friday to 'buy' from 'neutral' as it argued the stock is still too cheap and consensus earnings too low.

Read more
29 Sep 2023 09:15

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

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

Read more
22 Sep 2023 08:42

LONDON MARKET OPEN: Stocks slip after central bank rate calls

(Alliance News) - Stock prices in London opened lower on Friday, but managed to avoid the steep declines seen in New York, as investors mulled over an eventful week dominated by central bank decisions.

Read more
21 Sep 2023 12:20

LONDON MARKET MIDDAY: Sterling slumps as BoE ends hiking streak

(Alliance News) - Stocks in London perked up heading into Thursday afternoon after the Bank of England, like the Federal Reserve, decided against a hike, hurting the pound.

Read more
19 Sep 2023 14:22

Director dealings: M&S non-exec invests, Brooks Macdonald CEO deals with options

(Sharecast News) - Marks & Spencer was among those on the list of director buys on Tuesday after a non-executive director picked up more than 9,000 shares.

Read more
19 Sep 2023 07:03

Ocado holds guidance as Q3 retail sales rise 7.2%

(Sharecast News) - Online grocer and technology company Ocado maintained annual guidance after a 7.2% rise in third-quarter retail revenues.

Read more
13 Sep 2023 09:29

LONDON BROKER RATINGS: Goldman Sachs likes HSBC; RBC raises CVS

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

Read more
13 Sep 2023 07:48

LONDON BRIEFING: St James's Place appoints new chief Mark FitzPatrick

(Alliance News) - Stocks are called to open lower on Wednesday, as traders remain cautious ahead of a highly awaited US inflation report.

Read more
12 Sep 2023 08:46

TOP NEWS: UK grocery price inflation cools to lowest level in a year

(Alliance News) - Annual grocery price inflation in the UK decelerated to 12.2% in the four weeks that ended September 3, from 12.7% a month before, according to survey data from Kantar on Tuesday.

Read more
11 Sep 2023 06:56

UK retailers warn chancellor against GBP400m business rates hike

(Alliance News) - Bosses of a raft of Britain's biggest retailers, such as Tesco PLC, Marks & Spencer Group PLC and Kingfisher PLC's B&Q, have urged Chancellor Jeremy Hunt to freeze their property taxes to avoid a roughly GBP400 million hike.

Read more
6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

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

Read more
6 Sep 2023 09:02

LONDON MARKET OPEN: Stocks fall amid high oil prices

(Alliance News) - Stock prices in London opened lower on Wednesday, as high oil prices gave rise to fears of renewed inflationary pressures and interest rate hikes.

Read more
31 Aug 2023 17:02

Miners drag FTSE 100 lower to snap 6-day winning streak

Glencore among top losers on FTSE 100

*

Read more

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.