Marks And Spencer Share Discussion Threads

[qantas] 19/8/2020 09:06

Good morning Robot

The deputy chairman of Frasers Group bought £11,110 of shares "in error" three days before the company is due to report its annual results. The FTSE 250 business was forced to put out a statement after it emerged that David Daly, 61, had bought 3,912 shares on Monday despite the company being in a closed period. - The Times

[robot ic1] 19/8/2020 08:56

Debsdowner .

We are now looking for white collar workers to tend to our crops on floating farms in the waters around the world .

It is a new project that has come to fruition.

We set this up off shore from southern Ireland .

We follow the weather on our floating ship farms , each has a desalination plant on board to desalt the sea water for watering purposes for growing our crops.

We are able to grow any crops we want and not rely on the rest of the world .

[ignoble] 19/8/2020 08:45

Maybe the Board should show willing and take voluntary pay cuts...

[robot ic1] 19/8/2020 08:40

If Marks cannot do head working numbers correctly , they have no chance dealing with £ numbers .

Maybe Gavin Willnot can help them .or maybe not.

[johnwise] 19/8/2020 08:21

Bomb-Making Session at a Mosque Ends Badly…

[johnwise] 19/8/2020 08:18

VIDEO

MINI RALLY: President Trump EXPLOSIVE Speech to Supporters in Yuma Arizona

[debsdowner] 19/8/2020 07:58

Yesterday the press suggested MARKS job cuts represented 1 in 11 jobs this morning the Retail Gazette suggests its 1 in 9 jobs



It shouldn't be difficult to know how many people are employed at MARKS and how many are being cut in total and whether its near 8,000 cuts taking into account the 950 mentioned a few weeks ago and the latest announcement yesterday at near 7,000.

Someone needs to approach the company for clarification

[debsdowner] 19/8/2020 07:44

Breaking: UK annualized CPI beats estimates with +1.0% in July, GBP/USD jumps

NEWS | 37 minutes ago | By FXStreet Team

UK CPI rises 1.0% YoY in July vs. +0.6% expected.
Monthly UK CPI arrives at +0.4% in July vs. -0.1% expected.
GBP/USD heads back towards 1.3264 on the data release.
The UK Consumer Prices Index (CPI) 12-month rate came in at +1.0% in July when compared to +0.6% booked in June while beating expectations of a +0.6% print, the UK Office for National Statistics (ONS) reported on Wednesday.

Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at +1.8% YoY last month versus +1.4% booked in June while beating the consensus forecast of +1.3%.


The monthly figures showed that the UK consumer prices arrived at +0.4% in July vs. -0.1% expectations and +0.1% last.

Main points (via ONS):

“The largest contribution to the CPIH 12-month inflation rate in July 2020 came from recreation and culture (0.33 percentage points).

Clothing, rising prices at the petrol pump, and furniture and household goods made large upward contributions to the change in the CPIH 12-month inflation rate between June and July 2020.

Falling food prices resulted in a partially offsetting small downward contribution to the change.”

Separately, the UK Producer Price Index (PPI) – Input for July arrived at -5.7% YoY vs. -6.1% expected and -6.4% previous. The PPI Core Output came in at +0.1% YoY in July vs. +0.3% expected and +0.5% prior.

July ’s Retail Price Index stood at +0.5% MoM vs. +0.1% expected and +0.2% prior. On an annualized basis, the index came in at +1.6% in July vs. +1.2% forecasts and +1.1% seen in June.

FX implications:
Following the upbeat UK CPI numbers, the GBP/USD jumped back towards the multi-month highs of 1.3264, having found support near 1.3230 region.

The spot trades +0.19% at 1.3259, at the time of writing.

[debsdowner] 19/8/2020 07:30

UK inflation rebounds beating all estimates mainly down to easing of lockdown and rise in petrol prices



The problem with rising inflation is real wages get eroded further, and this is pushing the £ up now to its highest for more than 6 months meaning exports get dearer.


The £/$ now at 1.3261 which is about an 8 month high.

Imports will be cheaper however.

[debsdowner] 19/8/2020 07:22

On other news the rishi dishi meals in uproar and venues pulling out due to rude customers, packed out tables and customers wanting big meals but not wanting to wait.

The venues are pulling out of the scheme.



Well the venues shouldn't book up the tables then if they chef cannot cope its 6 of one and half a dozen of the other.

[debsdowner] 19/8/2020 07:19

ADVFN monitor going off its head this morning at 7 am and chart moving its up the creek when market UK market isn't open, MARKS like other shares going into auction.

[debsdowner] 18/8/2020 23:13

White Collar staff being hit hard and end decades of security says the FT



One of the largest global companies in the world "robot global" said today :

" our multinational companies in derivative trading, gold, silver and platinum along with our residential care homes and farms in Ireland are still growing at a rapid pace despite the global pandemic.

We can provide work for white collar employees on our extensive farms picking fruit. We also have factories knocking out our "bill and ben" face masks which are made out of clay.

Our companies are highly cash generative, we have no debts, all our properties in the UK and Ireland including our properties abroad are all freehold.

With no debts and mountains of cash we are always looking for companies in distress and we look to the future with confidence.

We are also looking into new initiatives in the rental sector and will be updating our new plans shortly"

Its nice to hear some people doing very well in the world with so much grim news about.

[debsdowner] 18/8/2020 22:17

robot,

BBC news article on TV showed the MARKS store in Marble Arch in London at lunchtime and the store showed no one in the clothes department and actually not that many on the High Street.

They cannot be paying rates on empty stores its not worthwhile.

The empty space should be utilized for other purposes like our idea of renting people out and their pets and be the first to do this so they are ahead of the rest !

As for organic cucumber yes that is a really good idea to have them on show just as you walk into the store and look to rent a person and buy an organic cucumber at the same time to well erm use later

I don't known whether any cucumber will be big enough for Louise Redknapp nor her exes new model.

[robot ic1] 18/8/2020 22:10

organic cucumber ,will a full one fit in .

with scoop ice cream as a lube .

or double cream .

[debsdowner] 18/8/2020 21:39

Steven Rowe told management to ensure the staff were provided with paper handkerchiefs during the day and if any staff member felt like bursting in tears, they must immediately isolate themselves to prevent the spread of coronavirus.

[debsdowner] 18/8/2020 21:35

The Independent

Chief executive Steve Rowe said: “In May we outlined our plans to learn from the crisis, accelerate our transformation and deliver a stronger, more agile business in a world in which some customer habits were changed forever. Three months on and our ‘never the same again’ programme is progressing, albeit the outlook is uncertain and we remain cautious.

“As part of our programme to embed the positive changes in ways of working through the crisis, we are today announcing proposals to further streamline store operations and management structures. These proposals are an important step in becoming a leaner, faster business, set up to serve changing customer needs, and we are committed to supporting colleagues through this time.”



Well the "never the same again" policy will really go down with the near 8,000 staff who choked on their breakfast cereal this morning while watching BBC breakfast TV and before they set off to work.

I wonder how many of them took home MARKS overpriced food before departing from the store this evening ?

Bet a lot of them called in ALDI and LIDL beside picking a pack of cheaper tissues as well.

Congratulations to pasty for beating the market on the breaking news albeit the numbers were way out as I predicted weeks ago.

For all those posters who criticize my postings I have a good angle on retail following Debtenhams collapse and knew MARKS would have to make massive job cuts far above the 950 announced a few weeks ago. The true figure is now nearer 8,000.

Less fat on MARKS meat its bred different and lean LOL !

The video in the Independent showing a couple of elderly ladies trundling in MARKS says it all the young going elsewhere.

The analysts will now be getting out the red ink as to how much this will all cost.

[debsdowner] 18/8/2020 21:15

robot

"These are M&S Lean cuts" .

"Nobody does it like us".

Yes MARKS are setting a new trend, I bet the stickers are flying off the printing press non stop 24 7.

It seems a race to the top now which retailer to make the most chops and so far MARKS is ahead of the field.

Notice the man at the top must stay though, despite everyone and his dog saying MARKS fashion isn't appealing and dated-well the shop-workers not responsible for that but they get the sack.

End of the summer holidays when some have gone back to work and they know the next three months just before Christmas when people need to be saving money they lose their jobs.