Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
The bonus linked to all BoD exec to lift sp by 50% is pragmatic and the largest benefit for all involved.
https://www.telegraph.co.uk/business/2022/06/07/ms-pay-female-boss-750000-working-four-day-week/
0.53% now with citadel
https://shorttracker.co.uk/company/GB0031274896/
The Mks storyboard in marketing grows stronger in content by the day as commercial, and property departments keep offering up innovation.
The story is penetrating most areas of popular communication and is in my view intelligently balancing and creeping back as a positive and inspirational part of British society.
It’s marketing recall with our fellow population is stronger than just about any brand.
The environmental communication has still a way to go in the mix.
Carrington hi, There is a huge amount of snobbery around women’s clothing, and this isn’t necessarily a bad thing as durability and longevity usually go with it, together with aspiration, inspiration.
I don’t mind personally what they call it so long as it means people pay more and use for longer-true value for money and kinder on our Earth. Volume must come down but profit must increase.
Have a great weekend Carrington and here’s to the Queen and her father.
This is the debt reduction mentioned also on 25 May 2022 on their FY results’21/22. The debt reduction is GBP350.3 million in share buyback of notes
What??? Where did you get that figure from???
Really misleading headline from Morningstar
Sorry, the headline was correct.
This is the debt reduction so it’s debt notes shares not equity!
https://investegate.co.uk/ArticlePrint.aspx?id=202205250700096872M
That’s circa 11.6% of issued share capital
Marks & Spencer tenders GBP350.3 million in share buyback
Wed, 1st Jun 2022 12:00
Marks & Spencer Group PLC - London-based food and clothing retailer - Tenders a total of GBP350.3 million in share buyback of notes. GBP100.6 million of 3% notes are due in 2023, while GBP249.7 million of 4.75% notes are due in 2025. "The expected tender offer settlement date is June 6, 2022," the company explains.
Current stock price: 150.19 pence, up 0.2% on Wednesday
12-month change: down 6.0%
By Tom Budszus; tombudszus@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
It’s turning out to be a gloomy day for retail even with .60% rise in grocery sales on LY. Mks market share rise continues and the share takes a slight hit, well that all makes sense.
US pre market doesn’t look good for its reopening.
Let’s hope the day improves-what!
Sorry Fishcakes predictive type! Is closing 32 stores over 3 years!!!
Good to get the focus, thanks for posting Fishcakes.
I am surprised at Morningstar not checking their facts though. Mks isn’t closing 32 stores over 3 years not a 100 this year!
And Mks have already opened 14 stores since jan’22 and another 18 coming in 22.
Rejoice at that news! Rejoice!
Looks like Mks is following sma50