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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
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Share Price: 298.00
Bid: 298.00
Ask: 298.20
Change: -5.30 (-1.75%)
Spread: 0.20 (0.067%)
Open: 302.40
High: 304.40
Low: 297.00
Prev. Close: 303.30
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UPDATE 1-UK retail must stay open when third lockdown ends -Ocado chairman

Tue, 16th Feb 2021 08:22

(Adds detail)

LONDON, Feb 16 (Reuters) - Britain's retail sector must stay
open when it emerges from the latest coronavirus lockdown,
sector veteran Stuart Rose said on Tuesday.

Prime Minister Boris Johnson is due to set the path out of a
third lockdown which has closed all non-essential shops on Feb.
22.

"The short term need is for us to have some clarity. We need
to have confidence that when we re-open again we will stay
open," Rose, the current chairman of Ocado and a former
boss of Marks & Spencer, told BBC radio.

"Businesses are not designed to stop and start, you just
cannot do that."

Rose also called on finance minister Rishi Sunak to resist
tax rises in his March 3 budget statement.

"The second thing the government needs to do is make sure we
don't do anything stupid," he said.

"Let's not change tax rates, let's not do anything with VAT,
let's make sure that we actually give people the confidence of
knowing that nothing will change in the short term."

Rose said the government should also maintain its furlough
support scheme for workers and extend a business rates holiday
for retail.
(Reporting by James Davey; editing by Sarah Young and William
James)

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