Marks And Spencer Share Discussion Threads

[philanderer] 07/3/2024 09:55

That news didn't go down to well early on , hopefully picking up now.

[darrin1471] 06/3/2024 19:08

Sky

M&S joint chief executive Bickerstaffe to step down

[darrin1471] 06/3/2024 19:07

Sky

M&S joint chief executive Bickerstaffe to step down

[philanderer] 06/3/2024 00:34

M&S food sales surge ahead of Aldi and Lidl as recovery gathers pace



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[eeza] 05/3/2024 17:24

M&S and Ocado lead the pack on growth.

[philanderer] 05/3/2024 14:15

M&S boss takes pre-budget swipe at tax burden

Stuart Machin writes planned tax increases risk forcing retailers to pass them on through higher prices at the tills at a time when the government wants low inflation and sustainable economic growth

[debsdowner] 05/3/2024 11:37

Retail sales fell in one of the wettest Feb on record was not a surprise...



Good to see a broker upgrade on a retail down day with poor retail sales.

[johnwise] 05/3/2024 09:57

Looks like the market maker wants the shares

UP 8 pence
M&S
buy 633,000

Sell 941,000

[gswredland] 05/3/2024 09:11

Thanks Dave wondered what was causing this rise

[bigbigdave] 05/3/2024 08:30

MARKS & SPENCER (MKS) +0.5% * Raised to Buy at Redburn; PT 305p

[johnwise] 05/3/2024 08:29

M&S boss Stuart Machin blasts the government as he says leading a business in the UK is 'like running up a downwards escalator with a rucksack on your back'

Chancellor Jeremy Hunt adds the finishing touches to tomorrow's Budget, Stuart Machin has blasted some of the Government's business policies as 'economically illiterate' and said they were 'stymying growth'.

The supermarket chief called for three main changes in the Budget, including fixing a 'broken' business rate system, reshaping funding to train young people, and restoring tax-free shopping for tourists.

[darrin1471] 04/3/2024 20:04

Has the M&S story changed since the share price was £2.90. I would say not. I do not currently hold but I may be a buyer at 220/225p which would be a 30% upside to the YTD high.

[philanderer] 04/3/2024 17:36

Barely 2.5% of the portfolio now after gradually selling my stake down. Thinking about selling off the rest. They've done well but look to be out of steam.

[xxxxxy] 04/3/2024 13:54

Retailers are suffering from the longest slump in sales since the pandemic, as shoppers cut back for the fifth successive month. New figures from BDO show that sales across fashion, homewares and lifestyle dipped by 1.3pc in February, as the consultancy firm warned of an "almost unprecedented" downturn. ...Daily Telegraph ....Nor invested here.

[johnwise] 04/3/2024 08:37

What does the High Court’s ruling mean for M&S’s Oxford Street plans? Lawyers give their views

[darrin1471] 03/3/2024 10:13

The Ocado dispute with M&S should be seen in the larger negotiation. I would of thought neither side wants to be 50/50 partners in the long term.
Ocado wants the best price and M&S wants to pay as little as possible.
The original price was £750m for 50%. £156.3m of that was a final payment dependant upon performance. If not paid then the price for 50% would be £593.7m. The price paid for the first 50% is going to dictate the price of the second 50%. Are M&S shareholders going to be happy paying more for the other 50% if Ocado retail is only at breakeven.
Another factor is that Ocado are going to redefine Ocado retail as an investment from April 2025

[qantas] 02/3/2024 22:47

BBC News - Ocado warns M&S of legal action over food deal



Please do your own research as always and always follow FCA guidelines.

[debsdowner] 02/3/2024 08:57

Daily Mail readers in the comments section say although they dislike Gove they think he was rightr to object to the demolition.

The new bullding is awful compared to the Art Deco building and I think it coulld be converted adequately rathr than demolition.

I alos happen to think it is an idle threat to close down the building if Marks cannot get planning permission to demolish and rebuild.

[debsdowner] 01/3/2024 17:36

Wonder whether there will be an appeal?

[johnwise] 01/3/2024 11:55

M&S wins Marble Arch legal battle as Gove’s decision branded ‘unlawful’


The High Court has ruled that Michael Gove’s decision to block M&S’ redevelopment plans of its Marble Arch flagship branch was “unlawful”.

M&S launched a planning appeal last month, following the secretary of state’s decision to reject plans that would see the Art Deco building on London’s Oxford Street demolished and replaced with a newly-built 10-storey complex.

The High Court judge agreed with the retailer that Gove had “misinterpreted and wrongly applied planning policy” by blocking its proposals and as such, he will have to make a decision again on whether to approve the plans or not.