Marks And Spencer Share Discussion Threads

[debsdowner] 22/6/2023 12:21

johnjames, but MARKS hold a % of OACADO UK !

[debsdowner] 22/6/2023 12:19

Bank of england rate up 0.5% to 5% which is a slight shock to the market.

[johnjames876] 22/6/2023 12:15

So what mks doesn't have a bid or rumour so is irrelevant

[debsdowner] 22/6/2023 11:46

OCADO jumped 43% on Times report of Amazon bid interest

[careful] 22/6/2023 10:43

One wonders if Amazon may be interested in MKS.
It would make sense, Amazon need to sort out their retail operation.

[bigbigdave] 22/6/2023 10:12

Firm on the back of OCDO?

[debsdowner] 21/6/2023 10:27

Core inflation up is worse than expectations and now a certaintly interest rates will rise 0.25r% tomorrow but there is a possibility now the BOE will hike by 0.5% because inflation is "sticky".

[johnwise] 21/6/2023 08:01

WH Smith, M&S and Argos fined as companies ‘named and shamed’ for failing to pay minimum wage

Almost £5m owed to around 63,000 workers, according to investigations by Her Majesty’s Revenue and Customs

Retail giants WH Smith, Marks & Spencer and Argos are among firms who have been “named and shamed” by the government for breaking the minimum wage law.

Almost £5m was found to be owed to around 63,000 workers following investigations by Her Majesty’s Revenue and Customs dating back as far as 2017.

Named employers have been made to pay back what they owed, and in addition were fined around £7m.

High street retailer WH Smith was the worst offender, according to HMRC, with the new figures claiming it failed to pay around £1m to 17,607 workers.

The retailer blamed this on an error related to its company uniform policy.



Firms named for failing to pay minimum wage

[debsdowner] 21/6/2023 03:28

Marks tries to lure middle class customers



Frasers increases stake in AOL and also takes a stake in currys..



Frasers Holdings

[darrin1471] 20/6/2023 14:05

If NEXT's sales boost is not company specific then we may see similar upgrades in other UK consumer stocks. Retail, entertainment and travel. We may also see a boost in UK GDP
Lower energy cap should also add a boost to spending.
£ strength vs $ compared to 09/2022 should work though to shop prices in H2 through to 2024
We could see better UK inflation numbers tomorrow which is counter intuitive.

[darrin1471] 20/6/2023 13:55

Worth looking at NEXT's explanation in more detail.


"Trading in the last seven weeks has been materially better than the guidance we issued in May"
"Full price sales in the first seven weeks of the second quarter were up +9.3% versus last year. This compares to our guidance of -5%."
Reasons for the over-performance
1. Weather
2. " In an inflationary environment, annual salary increases deliver a significant uplift in real household income at the time they are awarded. For example, during April annual inflation was running at 8.7% and monthly inflation was 1.2%; if an individual received a pay rise of 5.0%, then their real income would have risen by 3.8% in that month. We do not think it is a coincidence that sales stepped forward so markedly at a time of year when many organisations make their annual pay awards."

OUTLOOK
"If recent pay rises and the sudden change in weather have indeed contributed to the current over-performance, then it is reasonable to expect that the effect will diminish over time because ongoing inflation will slowly erode the positive effect of annual pay increases. This is why we are not anticipating the current performance to continue at the same level going forward"

[philanderer] 20/6/2023 12:52

Marks & Spencer is ‘underappreciated’, says SVM’s Veitch


The ‘revitalisation’ of Marks & Spencer (MKS) is not being appreciated by the market, says SVM manager Neil Veitch.

Veitch holds the high-street stalwart, which is Citywire Elite Companies plus-rated, in his SVM UK Opportunities fund, where it makes up 3.7% of the £141m portfolio.

He said it was one of the UK’s ‘most venerable brands’ and is making improvements across the business, with a streamlining in clothing and homeware, and the passing on of inflationary costs to food customers.

‘M&S continues to make headway in reshaping its legacy store estate, although it still has some way to go in shrinking from 246 full-line stores to the targeted 180,’ he said.

‘Like all retailers, M&S still faces a challenging consumer environment although inflationary pressures should continue to ease over the upcoming year. We feel, though, that management can still deploy a significant amount of self-help measures and the revitalisation of the M&S brand fails to be appreciated.’

The shares fell 0.4%, or 0.8p, to 189.6p on Monday.


citywire.com

[philanderer] 20/6/2023 10:56

Market open

In the FTSE 100, Ocado was the worst performer, down 3.4%, as JPMorgan placed the retailer and warehouse technology firm’s stock on ’negative catalyst watch’. In addition, the Kantar data revealed its market share slipped to 1.7% in the 12 weeks to June 11 from 1.8% a year before.

[debsdowner] 20/6/2023 10:41

Food inflation falls to 16.5% but remains sticky which is a worry for BOE which may raise rates 0.25% on Thursday but a small possibility of 0.5%



Aldi & Lidl still the fastest growing supermarkets.

[debsdowner] 20/6/2023 10:30

darrin good news for NEXT but is it a sign of strong consumer confidence and if so more need for interest rates ?

As for Mike Ashley he has stakes in multiple retailers and keeps his cards close to his chest.

On Marks they freeze price on 200 products this follows Morrisons cutting prices on a smaller amount of goods recently.

[darrin1471] 20/6/2023 10:01

Mike Ashley takes a 5% stake in Boohoo.
He also owns stakes in Asos N Brown and AO.
These have to be investments rather than takeover options.

[darrin1471] 20/6/2023 09:58

Next announced unplanned trading update yesterday:
"Next has seen full-price sales rise 9.3% over the past seven weeks, compared with guidance predicting a 5% decline thanks to warmer weather and continued wage increases."

[johnwise] 20/6/2023 09:31

After they pay their new mortgage rate,new mobile monthly, Sky Sport, no money left for food

Now M&S and Morrisons join the supermarket price war in sign that food inflation may finally be slowing ?

[xxxxxy] 20/6/2023 08:28

Jam today, jam tomorrow?Why is DEFRA consulting on following the EU's new formula for jam??Montage © Facts4EU.Org 2023Trade specialist Catherine McBride exposes the fruity facts about our love for jams and conservesIn this article for Brexit Facts4EU and CIBUK, Catherine McBride exposes the facts and questions why the government continues to be reluctant to diverge from EU rules.About the author : Catherine McBride is an economist and a member of the Trade and Agriculture Commission (TAC). The TAC is an independent expert committee which advises the government. It comprises specialists in:UK animal and plant health standardsUK animal welfare standardsUK environmental standards as they relate to agricultural productsInternational trade law and policyThe beauty of Brexit is that we can decide for ourselves what we want to eatBy Catherine McBride?The EU is proposing to change the formula of jam – it must now contain at least 45g of fruit per 100g. Some are proposing that the UK must follow suit in order to protect our tiny EU jam exports, which amount to one seventh of our EU jam imports. But both exports to and imports from the EU are a fraction of total UK domestic jam consumption. Defra plans to consult UK 'interested parties' about following the EU's rules but isn't it time that the UK population reminded the government that they can make up their own mind about what they want to eat and how much they want to pay for it.The Telegraph appears to believe that jam is a big UK export, and that the EU is a big market for UK jam and so it published an article implying that the UK should be following the EU's rules.The Telegraph article claims the UK exports 10.6 million kilos, (10.6 thousand tonnes), of jam but this appears to include citrus marmalades and nut purees which aren't affected by the EU's proposed rule changes. ITC COMTrade figures show the UK exported only 6 thousand tonnes of HS 200799 jams jellies and (non-Citrus) marmalades in total, of which about two thirds went to the EU, and half of this went to Ireland. As usual, continental EU just doesn't like UK food.But that's OK, because the UK's biggest jam market is the UK itself. In 2021, UK sales of UK manufactured jams, jellies and fruit or nut purees and pastes were 117,692 tonnes. The Telegraph also forgot to mention that the UK imported 43 thousand tonnes of jam, jellies, (non-citrus) marmalades and fruit purees in 2022, and 88% of this came from the EU. About ten times more than we exported to the EU.

[philanderer] 19/6/2023 18:15

Morrisons and M&S follow rivals to cut food prices

[debsdowner] 19/6/2023 12:01

WILKO is close to running out of money as it prepares for a CVA which would see no rent on some of it's stores for 3 years..



This is quite a sad state of affairs as WILKO serves the poorer off shopper but I suppose there is too much competition in this arena as people struggle and even the supermarkets cutting costs on basic items.

However supermarkets tend to cut costs on food and less on other products. What is surprising is B&M doing rather well and I tend to think both budget stores have a similar offering with the caveat that the latter have far more food items and more lines.

I would have thought some kind of colaberation would have made sense but maybe B&M would like to see them fail.

Cutting rents for 3 years however could save the company from total collapse.

[xxxxxy] 17/6/2023 13:12

Supermarkets are 'lazy' for copying M&S brands, says Percy Pig mastermindCreator of the sweet defends Marks & Spencer's aggressive stance against rival versionByHannah Boland17 June 2023 • 12:00pm?When Fabio's Gelato owner Fabio Vincineti received a letter last month telling him to stop calling his latest ice cream flavour 'Perky Pig', he was surprised.Prior to his homage to Mark & Spencer's pink sweets, Vincineti had turned Marmite, Guinness and Brothers Cider into ice cream flavours without incident. Marmite in fact retweeted a picture of Vincineti's love-it-or-hate-it ice cream.But for M&S, the creation of "Perky Pig" hit a sore spot. The launch came just as M&S was stepping up a campaign against copycat versions of its best-selling products – most often Percy Pig and Colin the Caterpillar cake.In a recent legal spat, the company took British sweets maker Swizzels to the High Court, claiming its "Pigs Mugs" sweets – first launched in 1996 – were "intended to be perceived by a significant proportion of the relevant public as mere imitations of Percy Pigs", which were launched in 1992.The pair reached a settlement earlier this month in which Swizzels agreed to change the design.A spate of copycat versions of M&S's products have been launched by rival supermarkets and brands over the years – moves that Julia Catton, the mastermind of the Percy Pigs line, calls "lazy"."My argument has always been, why can't you do something different? There's always a place for newness and consumers want it," she told the Telegraph.  M&S is not taking the assault lying down. The retailer is stepping up its defence of its brands as chief Stuart Machin seeks to revitalise the high street stalwart by getting both clothing and food sales growing at the same time. Early results suggest the plan is working.Food has always been a strong performer for M&S and management's attention has largely been focused on clothing. Yet it cannot afford to take its eye off the ball. Action such as the case against Swizzles is a sign that it is alert to threats.... Daily Telegraph