Marks And Spencer Share Discussion Threads

[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.

[philanderer] 01/3/2024 10:59

M&S wins Marble Arch legal battle in blow for Michael Gove

Court rules Housing Secretary wrong to reject retailer’s plans for flagship store

[debsdowner] 01/3/2024 10:30

UK footfall the lowest since the pandemic, this is mainly down to the wettest February since records began. The other problem with the wet and gloomy weather is consumers are also less inclined to buy online as they wont need new stuff as they arent going out.

I suspect the wet weather and cautious outlook the reason why MARKS share price has weakened since results.



It will now take further outlook statement for a rapid rebound imo. I think the share is a hold from here rather than a sell.

[blackhorse23] 01/3/2024 07:55

https://www.ft.com/content/70ef625d-ef64-49e6-82dc-41a4b0789794

[xxxxxy] 01/3/2024 07:51

Tough love

[xxxxxy] 01/3/2024 07:50

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

[xxxxxy] 01/3/2024 07:48

Something is brewing here.Not invested iMKS....at moment .

[xxxxxy] 01/3/2024 07:47

Ocado has failed to deliver for M&S customersThe repeated dismissal of old-fashioned values has come back to bite the online apostlesBEN MARLOWASSOCIATE EDITOR...good read...daily Telegraph

[debsdowner] 29/2/2024 16:20

OCADO fires back as MARKS refuses final payment spat..

[philanderer] 29/2/2024 13:51

Ocado could take Marks & Spencer to court amid performance row

[xxxxxy] 29/2/2024 09:43

That's a bit sour ....No longer invested in MKS