If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

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: 274.60
Bid: 275.00
Ask: 275.10
Change: 2.00 (0.73%)
Spread: 0.10 (0.036%)
Open: 272.40
High: 275.90
Low: 271.90
Prev. Close: 274.60
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Bargains and brawls: "Black Friday" comes to Britain

Fri, 28th Nov 2014 11:56

(Adds detail, analyst comment)

By James Davey and Liisa Tuhkanen

LONDON, Nov 28 (Reuters) - British police officers werecalled to stores across the country on Friday as the "BlackFriday" shopping frenzy imported from the United States broughtsurging crowds and fights over sharply discounted goods.

For the first time, most British retailers have fullyembraced "Black Friday" promotions this year, both in store andonline, seeking to follow their cousins across the Atlantic andkickstart trading early in the key Christmas period.

The day after the U.S. Thanksgiving holiday, which falls onthe fourth Thursday of November, is extravagantly promoted inthe United States as the start of the Christmas shopping season.The surge in spending is said to make it the day when retailersfinally show a profit for the year, or go "into the black".

With no national holiday in late November, people in Britainhad no reason to notice the day until American online retailerAmazon brought its Black Friday sales across theAtlantic in 2010.

Last year marked the first time major UK store groups suchas John Lewis, Dixons and Wal-Mart's Asdaparticipated in a serious way, and this year has seen the trendexplode across a majority of the British retail sector.

A survey commissioned by Barclays found that 65 percent ofBritish retailers that sell both online and in stores plannedBlack Friday promotions.

Supermarket leader Tesco, clothing retailer Marks &Spencer, and electricals retailers Dixons and Argos are doing far bigger promotions than before. Others,like No 3 grocer Sainsbury's are participating for thefirst time.

The trend is also emerging in continental Europe, withSpanish department store El Corte Ingles using the term "BlackFriday", in English, to advertise price cuts and promotionsappearing in France and Denmark.

Police were called in to control crowds that had gatheredovernight in London, Manchester, Cardiff and Glasgow, drawn bycheap televisions, kitchen goods and clothes. Three arrests weremade at Tesco stores in Manchester and officers werecalled out to four others in the area.

"The events of last night were totally predictable and I amdisappointed that stores did not have sufficient security staffon duty," Chief Constable of Greater Manchester Peter Fahy said.

Queues started forming at Asda's superstore at Wembley,north London, from 0500 GMT. Its doors opened at 0800 GMT and by0900 many of the best bargains had gone.

"There was a fight in the queue in front of us," saidshopper Kristina Butts, 44, who missed out on the Polaroid 40inch TV and Xbox bundle she was after.

When the last of the TVs discounted by 50 percent to 299pounds ($469) was sold, a staff member held it up and shouted:"When it's gone, it's gone."

One woman shopper on a mobility scooter drove away from thestore shouting: "I will never do this again."

Whether embracing Black Friday makes commercial sense for UKretailers remains open to debate.

"All Black Friday is likely to do is bring forward businessfrom December, reduce gross margins and undermine consumers'willingness to pay full-price again before Christmas," saidindependent retail analyst Nick Bubb. Retailers that were notinvolved, like clothing retailer Next, were "thinkinglong-term and preserving their pricing power", Bubb said.

Asda argues it can protect profit margins by leveraging thehuge global purchasing power of its giant American parentWal-Mart. Dixons says it can maintain margins by placingespecially large orders with suppliers so it can securefavourable terms.(1 US dollar = 0.6370 British pound) (Additional reporting by Liz O'Leary and Teis Jensen; Editingby Peter Graff)

More News
23 Oct 2023 19:21

London close: Stocks mixed at start of busy week

(Sharecast News) - London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.

Read more
11 Oct 2023 15:01

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.

Read more
10 Oct 2023 12:01

LONDON MARKET MIDDAY: Stocks push higher as rate rise fears ebb

(Alliance News) - Stock prices in London were sharply higher at midday on Tuesday, buoyed by comments from US Federal Reserve officials indicating that interest rate rises in the world's largest economy may be at an end.

Read more
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

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.