Marks And Spencer Share Discussion Threads

[martywidget] 15/8/2023 19:23

Top Websites Ranking Last updated : August 1, 2023
Most Visited Fashion and Apparel Websites in United Kingdom



Rank Website Rank Change

1 next.co.uk =

2 marksandspencer.com ↑ 1

3 asos.com ↓ 1

4 shein.co.uk =

FAQs About The Top Fashion and Apparel Websites in United Kingdom

Question: Which is the top Fashion and Apparel website in United Kingdom?
Answer: next.co.uk is the most popular Fashion and Apparel website in United Kingdom in July 2023.

Question: Which is the 2nd most visited Fashion and Apparel website in United Kingdom?
Answer: marksandspencer.com is the 2nd most visited Fashion and Apparel website in United Kingdom in July 2023.

Question: What are the top 5 most popular Fashion and Apparel websites in United Kingdom?
Answer: The top 5 most popular Fashion and Apparel websites in United Kingdom in July 2023 are:
1. next.co.uk
2. marksandspencer.com
3. asos.com
4. shein.co.uk
5. sportsdirect.com.

[martywidget] 15/8/2023 19:17

"Whilst keeping our forecast feet firmly on the ground, the business is outperforming currently drifting upwards market consensus of £486m," said analysts Clive Black and Darren Shirley in a research note...

...Following its changes to forecasts, Shore Capital said the stock is trading on 11 times forward earnings.

"We sense that 13.5x PER [price-to-earnings ratio] would be an appropriate staging post to assess whether the present M&S performance cycle has legs, implying a share price of c250p."

www.sharecast.com/news/broker-recommendations/shore-capital-on-ms--14381486.html

[debsdowner] 15/8/2023 16:40

US investors come in ?

"Clive Black at Shore Capital said sentiment around M&S had taken a long time to improve after other turnarounds failed to materialise, but he lifted his profit outlook by 9%."

I suspect dividend will be near cert if momentum is maintained then MKS enters footsie 100 again as share price continues it's rise.

hxxps://www.rte.ie/news/business/2023/0815/1399796-marks-and-spencer-results/

[gibbs1] 15/8/2023 15:38

NEXT RESISTANCE SEEMS TO BE 240p

Cboe Europe - 10:35:54 2023-08-15 am EDT


219.55 GBX +7.25%

[waldron] 15/8/2023 15:21

If Enterprize Value EV to be believed, the share price is substantially undervalued

[philanderer] 15/8/2023 15:00

Joe Dawson, a retail analyst at GlobalData, said M&S benefited from shoppers preparing for holidays abroad, and from its tie-up with the England women’s football team.

“The retailer will have benefited from the popularity of the Women’s World Cup, having collaborated with England’s senior women’s team to produce a range of tailored pieces that have been worn by the Lionesses throughout the tournament,” Dawson said.

“Another football adjacent programme has been the retailer’s Eat Well, Play Well campaign, featuring members of the UK’s national football teams as well as prominent figures in the community promoting healthier lifestyles and urging shoppers to ‘follow the flower’, in reference to M&S’s healthy food branding.”

[philanderer] 15/8/2023 14:54

House broker Shore Capital Markets said: "Noting ongoing uncertainty, keeping feet on the ground, and a favourable Q1 comparative, we upgrade FY24 profit before tax by 9% to £550m, we would expect consensus to follow."


Sharecast.com

[debsdowner] 15/8/2023 11:28

Victoria Scholar, head of investment at Interactive Investor, said: “Shares are trading sharply higher, thanks to its improved profit outlook, lifting the stock’s year-to-date gain to over 70 per cent, making it a standout winner on the UK stock market this year.

“The brutal demise of the high street has separated the winners from the losers with a number of high-profile casualties and some standout gainers. Next and M&S are among those in the latter category, allowing both to up their outlooks. M&S has been undergoing a fruitful turnaround under the watch of CEO Stuart Machin, involving revamping its store estate and investing in new technologies.”


Charlie Huggins, manager of the Quality Shares Portfolio at Wealth Club, noted: “Following on the heels from Next’s recent profit upgrade, M&S has also announced that it expects profit for the year to be above expectations. This is evidence that the UK consumer is still spending, despite the gloomy economic headlines.

“The results are also testament to the group’s progress against its strategy, launched last year. This aims to improve brand perception and designs, reduce discounting, and improve the online offering, while taking a knife to costs and instilling a more entrepreneurial culture.”

... The Scotsman

[philanderer] 15/8/2023 09:57

Super update. Dividend resumption on the cards.


"Despite the squeeze on household budgets, there was an encouraging update from Marks & Spencer, which sent its shares up 8.3%.

"M&S said it now expects the outcome for its financial year to show profit growth from the prior year, and expects its interim results to reveal a ‘significant’ improvement from previous expectations.

"Like-for-like Food sales grew over 11% in the 19 weeks to August 12, as the firm invested in quality and ‘sharpened’ prices on its value lines. Like-for-like sales in Clothing & Home grew over 6%, with strong growth in stores offset by more ‘subdued’ growth online."

[russ1983] 15/8/2023 08:06

10% pop at open

[paulisi] 15/8/2023 08:05

Food side has and always will be the star. Why don't they spin it off?The clothing side has declined so much over the last 10-15 years that there had to be growth. Online stagnating though?

[hamhamham1] 15/8/2023 08:03

Lovely jubbly

[bigbigdave] 15/8/2023 08:02

So quiet here, don't think many investors believed the turnaround after so many years in the doldrums for MKS. Think that will change now.

[darrin1471] 15/8/2023 08:01

Trading update and outlook:
"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."

[russ1983] 15/8/2023 07:06

Fantastic update this morning. Profits will be ahead of expectations and share price should continue to rise

[bigbigdave] 15/8/2023 07:03

Excellent!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.

[philanderer] 15/8/2023 00:10

:-)

Marks and Spencer Christmas Decorations are on sale now!

[dennisbergkamp] 14/8/2023 12:47

So much for having a financial background!

D

[xxxxxy] 14/8/2023 12:28

stuart woodSo again lizz truss was right to reduce the taxes for foreign visitors travelling and spending here- any tax revenue lost would have been made in taxable spending in hotels and restaurants etc! Now not only do we loose the direct shopping taxes we loose the wider economic benefits as well-Hunt and RS are stupid imbeciles... Daily Telegraph

[xxxxxy] 14/8/2023 12:15

Tourist tax forcing US shoppers to abandon LondonRishi Sunak's controversial tourist tax leads to sharp drop in luxury spending, new figures showByDaniel Woolfson14 August 2023 • 11:14am..daily Telegraph

[xxxxxy] 14/8/2023 08:26

John Redwood@johnredwoodThe tourist tax on shopping in London is losing the UK lots of business to tax free Paris. Cutting some taxes can boost growth and other tax revenues.6:56 am · 14 Aug 2023