focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Pseudonym - you beat me to it lol
link below from where the info was shared.
https://corporate.marksandspencer.com/investors/shareholder-centre/your-dividends
With the business generating an improved operating performance and having a strengthened balance sheet with credit metrics consistent with investment grade, the Board plans to restore a modest annual dividend to shareholders starting with an interim dividend with the results in November.
Will we see a increase in share price running up to results? I think so based on the below report from August, also a divi being talked about.
Marks and Spencer Group plc
MARKS AND SPENCER UPDATES ON STRONG TRADING AND OUTLOOK FOR THE YEAR
The first 19 weeks of the year1 has seen continued market share growth in both the Clothing & Home and Food businesses, and good progress on the programme to reshape M&S.
· Like-for-like Food2 sales grew over 11%. We made further investment in quality and trusted value, sharpening prices on over 80 'Remarksable Value' lines.
· Like-for-like Clothing & Home sales grew over 6%, with strong growth in stores, and more subdued growth in online. Sell through rates have been robust and stock into sale was lower than planned.
Overall, group operating margin has continued to be robust, driven by strong store performance and enhanced by our store rotation and renewal programme.
There remain considerable uncertainties about the economic outlook, and there is a risk that the consumer market will tighten as the year progresses. Nevertheless, we now expect the outcome for the year to show profit growth on 2022-23, and the interim results to show a significant improvement against previous expectations.
Interim results, for the 26 weeks ending 30 September will be reported on 8 November 2023.