Marks And Spencer Share Discussion Threads

[philanderer] 11/3/2016 23:39

Marks and Spencer hit by guidance worries

Marks and Spencer hit its lowest price in more than a year on Friday with investors worrying that weak non-food sales might force a reset of earnings guidance.

[philanderer] 11/3/2016 23:32

Market report: M&S loses out as FTSE rallies

British retailer Marks & Spencer missed out on the FTSE 100 resurgence, becoming one of just five fallers, after it suffered a rating downgrade.

Bank of America Merrill Lynch slashed its rating from ‘neutral’ to ‘underperform’ amid concerns about continued declines in like-for-like growth in its general merchandise division.

The investment bank believes the retailer’s market share and revenue forecasts will be at risk as a result of the continued shift towards online shopping.

Paul Steegers, of BoAML, said: “We see risks that new chief executive Steve Rowe may change strategic direction and look to try dive better sales growth through reinvesting in price in the general merchandise division.”

Mr Rowe will take over as chief executive on April 2 from Marc Boland, who announced his departure in January following his failed attempts to revive the clothing business

The bank also expects the group’s food unit, its main driver of revenue growth, could come under duress due to a weaker consumer backdrop. Competition, which is already fierce in the industry, could also increase, the bank said, due to the deflationary food retail environment.

Mr Steegers also highlighted the introduction of the national living wage in April, which it believes will hamper the group’s ability to manage operational expenditure “more aggressively” next year.

The FTSE 100 stock dropped 8.6p, or 2.1pc, to 398.1p.

[philanderer] 11/3/2016 23:29

MARKET REPORT: Marks & Spencer slumps to become session's biggest loser in the FTSE 100 as City loses faith

Read more:

[philanderer] 11/3/2016 17:10

-6.25% on the week . This new fella`s got his work cut out.

and top faller today


FTSE 100 - Fallers

Marks & Spencer Group (MKS) 397.50p -2.26%
Old Mutual (OML) 181.90p -1.83%
Randgold Resources Ltd. (RRS) 6,310.00p -0.79%
Schroders (SDR) 2,689.00p -0.37%
Shire Plc (SHP) 3,781.00p -0.11%
Ashtead Group (AHT) 785.00p 0.00%
SABMiller (SAB) 4,220.50p 0.04%
United Utilities Group (UU.) 894.00p 0.28%
Rexam (REX) 612.00p 0.41%
Unilever (ULVR) 3,095.50p 0.45%

edit:

Chairman splashing out :-)

LONDON (Alliance News) - Food and clothing retailer Marks & Spencer Group PLC said Chairman Robert Swannell bought 3,000 shares at a price of GBP3.96197 on Friday.

[philanderer] 11/3/2016 13:39

Spot on miikke

[miikke] 11/3/2016 12:10

As I said some time ago- they should get on with the job of increasing sales and improving service- leave political views about involvement in the EU to people granted the vote on this.They need to get back to basics.

[death by donut] 11/3/2016 11:56

If only they could sort the blokes range of cacks ,I think all would be well , they just fall apart these days!

DbD :0)

[philanderer] 11/3/2016 11:13

Hopefully chart support shows 387p ..... I`ve had a small top up for the income portfolio too... 250 @ 396.2p

[cwa1] 11/3/2016 10:00

£3.60 obviously a possibility. If it gets there, and there's no other bad news, I might well be tempted to another small nibble to take the holding to full nibble status. Clearly not one to bet the crown jewels on though! Hoping they maintain the 4.7% yield and at least that way I'll be able to afford some out of date bread and butter from Marks!

[philanderer] 11/3/2016 09:50

Ah , here`s today`s news..


Marks and Spencer : *TRADERS: MERRILL LYNCH CUTS MARKS & SPENCER TO 'UNDERPERFORM' ('NEUTRAL')

[bookbroker] 11/3/2016 09:29

£3.60 or lower!

[cwa1] 11/3/2016 09:27

OK. Everyone hates it. Dog with fleas. Analysts downgrades. Horrible chart. Perfect, I'll have a small nibble at just under £4 and cross my fingers tightly :-)

[philanderer] 11/3/2016 09:25

Yep, it`s a dog, retail as a whole is poor but MKS taking the biscuit ;-)

[bookbroker] 11/3/2016 08:56

This co. appears in total disarray at the current time, another profits warning coming!

[philanderer] 10/3/2016 20:07

They`ve hit that tonight...

"... In an analyst report sent to investors on Thursday morning, AlphaValue reconfirmed their Reduce rating on shares of Marks & Spencer Group (LON:MKS). They currently have a GBX 408 target price on the company."

[philanderer] 09/3/2016 23:55

Marks & Spencer reveals Michael van der Ham collaboration

[philanderer] 09/3/2016 12:29

9th march HSBC buy tp 680p

reiterates

[philanderer] 09/3/2016 09:53

Marks Spencer Group PLC (LON:MKS) had its stock rating noted as “Buy” by research analysts at Deutsche Bank. This was released in analysts note on Wednesday, 9 March.

[philanderer] 08/3/2016 13:59

Ah , yep agree with that stewart :-)

[84stewart] 08/3/2016 09:26

I am sorry my fault I was referring to previous post about BHS ,MKS is a solid company ,got a reasonably good quality food&clothing range it is just mark bollands stupid ideas as I said he messed up Morrisons ,I don't know this new guy but ,he should have a good handle on things ,plus MKS has a good range of financial products and this SPARKS loyalty scheme seems to be paying off ,not bollands idea,they dropped the marks and used the Sparks so he did not get any credit I believe.

[philanderer] 08/3/2016 09:13

They`d be better going back to the quality they used to be recognised for and charge accordingly with just a few ranges instead of the massed jumble it is now .

It was a loyal customer base.

It`s now one confused company and this new fella should realise this having worked there all his life. Not holding my breath.

[84stewart] 08/3/2016 07:58

they would have been better cutting price,s as it is not top quality they sell but charge a lot compared to it peers ,barclay,s might buy them out as they do a lot of business CC wise