Marks And Spencer Share Discussion Threads

[xxxxxy] 30/8/2023 14:26

Looks like Body Shop is going down, wrecked on LGBT and Woke and antiJK etc.Go woke, go broke.... Be careful, very careful Marks my old friend.

[dudishes] 30/8/2023 11:08

Impressive moves since < 100.

I'll take a hint, in @ 223.

cheers

[waldron] 30/8/2023 10:27

Must break thru the 231p resistance to achieve the 240p target

BACK TO SCHOOL MIGHT HELP

[waldron] 30/8/2023 10:23

The welcome back to the BIG 100 should coincide with an uptrend during September

[philanderer] 29/8/2023 19:07

Marks & Spencer to headline tomorrow's FTSE 100 changes


Marks & Spencer’s return to the FTSE 100 after an absence of four years is set to be confirmed tomorrow.

FTSE Russell Group will confirm the changes based on closing prices at the end of today

M&S is a shoo-in for promotion after a stellar year that has seen its share price rise 75% and the clothing and food group win plaudits all around.

Growth in sales and revenues, alongside “unabashedly bullish guidanc” delivered in an “undisputedly tough retail environment” was Deutsche Bank’s recent assessment.

The German bank points to how M&S’s products, both in food and clothing, resonate with consumers supported by investments in stores, online and supply chains.


proactiveinvestors.co.uk

[philanderer] 29/8/2023 09:57

RBC raises Marks & Spencer price target to 235 (205) pence - 'sector perform'

[xxxxxy] 29/8/2023 07:41

7:35AMFood prices grow at slowest rate in 10 monthsPrice rises in British shops have slowed to their lowest rate since October last year, but keep going up significantly, new data has shown.The British Retail Consortium (BRC) has reported that prices rose 6.9pc in the year to August, down from 8.4pc in July.... Daily Telegraph

[pdosullivan] 27/8/2023 12:03

Interesting to see Getir scaling back. I suspect that as PE backed fast grocery delivery firms retrench it will help to address the excess capacity problem at Ocado Retail https://www.retail-insight-network.com/news/getir-workforce-restructuring-cuts/#:~:text=Turkey%2Dbased%20rapid%20grocery%20delivery,the%20company's%20global%20restructuring%20initiative.

[philanderer] 27/8/2023 00:13

M&S on the verge of return to FTSE 100

[ariane] 24/8/2023 14:31

Cboe Europe - 09:30:12 2023-08-24 am EDT

Marks and Spencer Group plc



215.90 GBX +0.28%

[debsdowner] 23/8/2023 20:23

House of Fraser to close two more department stores :-

[xxxxxy] 23/8/2023 13:30

"With good Food sales, working capital is likely to be beneficial at the moment, whilst firmer Clothing & Home margins, we sense the key driver of the recent stronger profit growth, are likely to make for a healthy flow-through into free cash flow as well, with capital expenditure budgets well-set."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."... ShareCast

[florenceorbis] 23/8/2023 10:47

Written by:
Josh Lamb
proactive

Marks & Spencer to regain FTSE 100 spot

Published: 09:10 23 Aug 2023

M&S will return to the FTSE 100 index come September

Marks and Spencer Group PLC (LSE:MKS) is poised to regain its place on London’s blue-chip index after a four-year absence thanks to impressive share price gains this year.

Come September’s reshuffle, M&S will re-emerge on the index, alongside Dechra Pharmaceuticals PLC (LSE:DPH), Diploma PLC (LSE:DPLM) and Hikma Pharmaceuticals PLC (LSE:HIK, OTC:HKMPF), according to benchmark provider FTSE Russell.

They will replace Abrdn PLC (LSE:ABDN), Johnson Matthey PLC (LSE:JMAT), Persimmon PLC (LSE:PSN) and RS Group PLC (LSE:RS1), with confirmation of the changes coming after markets close on 30 August.

M&S has enjoyed a strong first half of this year, with a lift to interim guidance earlier this month only adding fuel to share price gains of 71% since December.

Having struggled in the wake of the pandemic, the retailer made new appointments last year in the form of co-chief executive Katie Bickerstaffe and chief financial officer Jeremy Townsend, which helped shift investor sentiment, according to analysts.

An unexpectedly large improvement in interim profit margins and overall strong performance in its clothing business then saw the stars align for M&S, which has found itself with a market cap of £4.3 billion heading into September.

[johnwise] 21/8/2023 08:27

VIDEO Barrister Challenges for nurse Lucy Letby

A very unsafe conviction. All the 'evidence' was circumstantial
Lucy Letby is GUILTY of murdering seven babies:

VIDEO
“You’re Saying She ISN'T Guilty” Dr David Bull Challenges Barrister on Lucy Letby

[darrin1471] 18/8/2023 15:13

Online retail sales appear to be on an upward trend again. Many UK online retailers are 90% down on post covid highs.

From the ONS retail sales July 2023:
"Online spending values rose by 4.1% in July 2023 because of strong growth in non-store retailing and other non-food stores.
The value of online spending rose, while the value of retail sales as a whole fell. Because of this the proportion of online sales rose to 27.4% in July 2023 from 26.0% in June 2023.
This is the highest proportion of retail sales taking place online since February 2022 (28.0%) and remains significantly above the pre-coronavirus (COVID-19) pandemic levels (19.6% in February 2020)."


Figure 5 in the above link shows online volume sales falling as stores reopened reaching a bottom in Dec 2022. Since then the volume of sales has been rising steadily

[dicktrade] 18/8/2023 14:55

Marks and Spencer to reinstate dividends from November

[dicktrade] 18/8/2023 14:53

Marks and Spencer to reinstate dividends in November.

[debsdowner] 18/8/2023 10:16

ONS "retail shares fall -1.4% in July"

But not in MARKS & SPENCER !

Most retailers well down today THG over 7%. Wet weather dampened demand in July so it was a surprise to hear MKS improve.

[xxxxxy] 18/8/2023 08:41

Retail sales plunged twice as much as expected in July as wet weather dampened demand and drove consumers away from the high street.Sale volumes fell by 1.2pc after a 0.6pc improvement in June as bad weather kept shoppers at home, the Office for National Statistics said, piling fresh concerns on struggling retailers. Economists had been forecasting a month-on-month decline in July of 0.6pc.Food store volumes dropped by 2.6pc, with supermarkets reporting grocery and clothing sales had fallen, suggesting the cost of living crisis has forced Brits to cut back on essential goods.  The weak figures come despite a recent recovery in shares of high street brands such as Marks and Spencer so far this year. The fall in grocery sales follow official figures on Wednesday that revealed a fresh surge in food price inflation, up 14.9pc. Earlier this month, struggling discount retail Wilko plunged into administration, threatening the future of hundreds of stores.... Daily Telegraph

[xxxxxy] 17/8/2023 12:18

Oxford Street...... sausage dog54 MIN AGOMessage ActionsFor all his intellect, Gove is an utter cretin. He's also now furiously backtracking on his anti-landlord measures, having single handedly killed off the buy to let sector. Whatever did we do to deserve floaters like Gove making decisions for us?REPLY2 REPLIES 14 0REPORTReply by Wazi Wright.WWWazi Wright48 MIN AGOReply to sausage dogMessage ActionsI have come to the conclusion that the current Conservative party have completely forgotten that they are Conservatives. They no longer believe in free markets and small government.They need to spend time in opposition in order to rediscover their Thatcherite pro business roots... Daily Telegraph

[johnwise] 17/8/2023 10:44

VIDEO
‘For a channel like ours to have gathered over a quarter of a million signatures, in short order, tells you it’s a real issue.’

Nigel Farage shows his support for GB News’ Don’t Kill Cash petition ahead of its delivery to Chancellor Jeremy Hunt today.


VIDEO
Don't Kill Cash | Liam Halligan on why cash petition matters ahead of its delivery to the Chancellor