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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Marks And Spencer Group Plc | MKS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 6.30 | 2.46% | 262.90 | 16:35:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 258.90 | 258.90 | 264.60 | 262.90 | 256.60 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 11/4/2024 18:26 by debsdowner bigdave,TESCO finished down 5% today the day after results, forecasts unchanged investors decided to sell. Not surprised a further upgrade on MARKS I like the new advert for MARKS new fashion arivals the music is catchy. BUY |
Posted at 21/3/2024 00:33 by philanderer Investors Chronicle.......Why M&S shares still have further to climb |
Posted at 11/3/2024 10:02 by qantas Marks & Spencer was also in the black after an upgrade to 'outperform' from 'sector perform' at RBC Capital Markets."The M&S share price has come in 17% from recent highs, due to investor repositioning and concerns over the UK consumer and costs outlook," the bank said. "But there has been no great change in its strong fundamentals in our view. At 10x CY24E P/E, the shares appear to be pricing no growth, but we think M&S can deliver this with a progressive cash returns policy, thus broadening its appeal to long term investors." Please do your own research as always and follow FCA guidelines. |
Posted at 01/3/2024 07:50 by xxxxxy But M&S gave up pretending it had lived up to expectations long ago. Last year, chairman Archie Norman told investors that he was "not happy" with the performance. There was "work to do", he was forced to admit after shareholders had asked when they could expect to see "a proper return".Stuart Machin, the M&S chief executive, was even more outspoken in November. Hannah Gibson, who runs the joint venture, had asked him to be more positive, but he pointed out: "The fact is, when we've just had a half-year loss of £23m from Ocado ... we're positively dissatisfied."The partnership is now in danger of unravelling altogether as the two retailers clash over whether M&S should make a final payment tied to the joint venture. M&S still owes Ocado £191m but it has withheld the remainder after key performance measures weren't met....Daily Telegraph |
Posted at 02/2/2024 09:25 by 1mikejay Stuart Machin should never be allowed to present to investors again. How could such great Xmas trading numbers beating all records become such a disaster. 17% down since the numbers were announced is more than a bit of profit taking. I am even wondering if there is a problem we don't know about. You don't achieve record sales and keep profit forecasts the same without questions being asked. Hope he learns from this by May. That's my moan out the way for today. |
Posted at 12/1/2024 14:28 by maywillow Written by:Jamie Ashcroft Marks and Spencer Group PLC ( LSE:MKS ) Marks & Spencer partway through 'significant re-invention' - broker Published: 13:04 12 Jan 2024 GMT Marks and Spencer Group PLC - Marks and Spencer partway through 'significant re-invention' - broker Marks and Spencer Group PLC (LSE:MKS) is showing clear evidence that its partway through a "significant re-invention", according to analysts at Deutsche Bank. “There is some understandable concern with regards to some consumer and cost headwinds for FY25e, but in our view M&S sales should continue to outperform the market and cost reductions delivered this year will likely annualise,” Deutsche analyst Adam Cochrane said in a note. The German bank rates M&S as a ‘buy’ and today upgraded its price target from 310p per share to 315p, representing some 20% upside to the current price of 261.7p. M&S’s trading statement failed to deliver an upgrade to full-year earnings guidance, disappointing some investors, Underlying sales from the grocery section were up 9.9% for the 13 weeks ended 30 December. Those following of Marks will know the clothing operation is still the mainstay of the business, however, and it tends to be the swing factor. This side of the business weighed in with like-for-like top-line growth of 4.8%. Combined, the two delivered a like-for-like increase of 8.1%. Adding in the international operations, that figure came down to 7.2%. Looking ahead, the company said results for the year will be "consistent with market expectations". However, it also said economic growth remained "uncertain" while rising costs pushed by higher wages and business rates remained a concern. Elsewhere in the City, Peel Hunt said in its analysis shortly after the update and before the shares began trading: "The market was probably expecting an upgrade today, so shares may be slightly off, but the company continues to impress us and finished 2023 strongly." Clive Black, the veteran retail sector analyst who is widely followed by professional investors and trusted by industry executives, was upbeat on M&S's performance during the run-up to and over the key Christmas period. "A modernising M&S is reverting to the positive traits those of a certain age warmly remember," said the Shore Capital analyst. "Grounded management speaks to confidence that FY24 will be consistent with market expectations.” |
Posted at 11/1/2024 17:47 by philanderer Market reportMarks & Spencer dropped 5.0%, with investors unnerved by warnings of higher costs ahead. It reported sustained ‘strong sales momentum’ over the festive trading period in its financial third quarter, the 13 weeks to December 30. Looking ahead, M&S said it was confident of annual results in line with market expectations. However, it pointed to uncertainty in terms of economic growth, and consumer and geopolitical risks. It also faces increased costs from higher-than-expected wage and business rate cost inflation. |
Posted at 11/1/2024 13:16 by 1mikejay Shares in Marks and Spencer Group PLC fell by around 5% to top the FTSE 100 losers' board in the wake of the retailer's trading statement that failed to deliver an upgrade to full-year earnings guidance. Stock in the general lines and food retailer, down 12.9p at 264.8p, also succumbed to a bout of profit-taking. In the past year, Marks's stock has advanced 85%, catapulting it back into the blue-chip index.Peel Hunt said in its analysis shortly after the update and before the shares began trading: "The market was probably expecting an upgrade today, so shares may be slightly off, but the company continues to impress us and finished 2023 strongly."Clive Black, the veteran retail sector analyst who is widely followed by professional investors and trusted by industry execs, was upbeat on M&S's performance during the run-up to and over the key Christmas period."A modernising M&S is reverting to the positive traits those of a certain age warmly remember," said the Shore Capital analyst. "Grounded management speaks to confidence that FY24 will be 'consistent with market expectations'."Under |
Posted at 03/1/2024 00:00 by philanderer Marks & Spencer crowned ‘Christmas winner’ by investorsRetailer’s shares hit five-year high as turnaround efforts pay off 2 January 2024 • 6:23pm Marks & Spencer shares hit a five-year high as investors predict the high street stalwart will be crowned the best-performing retailer over the Christmas period.. |
Posted at 02/11/2023 13:09 by debsdowner POI didnt realise whether it was the ad or the main Christmas video so like you confused. What I saw on TV last night didn't inspire me. Sainsburys boosted today on good growth but concerned on clothes seems only NEXT and MARKS doing well on that front... Sainsbury’s (LON:SBRY) relentless focus on value is reaping some rewards, which could position it well in the lead up to the key Christmas trading period. Its value offerings, which now include the availability of Nectar on 6000 products, comes alongside a decline in food inflation, where the group states that these savings are being passed on to customers. This has been reflected in a bounce of sales across many of its lines, with like-for-like sales growth of 8.4% excluding fuel representing a good return, if slightly shy of the 9.8% achieved in the first quarter. Grocery sales are a particular focus of growth as Sainsbury continues to return to its knitting, with an increase of 10.1% over the period. General Merchandise also rose by 1.1%, buoyed by a 3.3% bounce in sales from Argos, where strong sales of electronic equipment offset seasonally quieter trends. At the same time, with Sainsbury having relocated many of the Argos stores into its own existing supermarket space, the fixed cost base has been reduced, which inevitably boosts margins. Clothing sales on the other hand remain a concern. A decline of 8.4% followed a combination of competition and unseasonal weather and in the absence of any seasonal sale promotions. The recent release of UK retail sales in September had already provided a warning sign, where a notable fall reflected the fact that cost-of-living pressures were weighing on customers, particularly with regard to non-essential goods. This remains an area in which Sainsbury retains a keen interest, although the currently concerted focus on Grocery is to some extent at the expense of the clothing lines. Keeping shopping prices low has had a positive impact on the group’s market share, but of course this comes at a cost to Sainsbury itself. Since March, for example, the company has invested £118 million on price reductions. The ferocity of competition, particularly in the supermarket arena, is well established and shows little sign of abating, such that the group will need to keep a constant lid on prices in order to remain in the mix. At a headline level, revenues increased by 3.5% while, due to some accounting items pre-tax profit fell by 27% to £275 million, with underlying profit flat at £340 million. Rather more positively, the group has increased its forecast for the full year to a range between £670 to £700 million, from a previous guide of £640 to £700 million. At the same time, the company’s cash generative ability is also in focus, with Sainsbury now expecting retail cash flow of at least £600 million for the year, versus a previous estimate of £500 million. This has also led to a further £700 million reduction in net debt to £5.6 billion, while also enabling the dividend to be maintained. The yield is well covered from earnings and at 5% it remains something of an attraction to income-seeking investors. Meanwhile the target of £1.3 billion of cost savings by March 2024 is still comfortably on track. The shares have performed strongly of late, having risen by 31% over the last year, as compared to a gain of 2.8% for the wider FTSE100. Over the last two years, however, the price is down by 11% which gives some perspective to the ongoing challenges which the group faces. Indeed, the fiercely competitive sector applies not only to consumers but also to investors, as evidenced by the market consensus, where the gulf between itself and Tesco (LON:TSCO) is in plain sight. Tesco is comfortably the preferred play in the sector, while the general view for Sainsbury remains rooted at a sell despite its own valiant efforts. |
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