Marks And Spencer Share Discussion Threads

[robot ic1] 02/10/2020 08:30

numpty numpty

[johnwise] 02/10/2020 08:12

China, Russia and Iran must be laughing their socks off. They could be on track to get a lame duck Biden who wouldn't say boo to anyone.." China will eat your lunch"

[debsdowner] 02/10/2020 08:11

Qantas

Maybe this was the reason for selling in OCADO lately.

[xxxxxy] 02/10/2020 07:30

Good morning. The FTSE 100 is set to fall and US stock futures have slumped after President Donald Trump said he and his wife had tested positive for the coronavirus, weeks ahead of the US elections.... Daily Telegraph

[johnwise] 02/10/2020 07:14

A Virus Exported from COMMUNIST CHINA

Dow futures plunge 500 points as Trump says he tested positive for Covid

Futures tied to the Dow Jones Industrial Average plummeted 500 points. S&P 500 futures and Nasdaq 100 futures were also in negative territory.

[qantas] 01/10/2020 22:51

Https://news.sky.com/story/ocado-sued-by-norway-rival-in-warehouse-technology-patent-row-12086811

[xxxxxy] 01/10/2020 19:54

Customer Warning: Food prices may go down as well as upOctober 01, 2020By Catherine McBride LAST FRIDAY the BBC headline news included an item entitled: Shoppers could pay more after no-deal Brexit. The story was planted by the British Retail Consortium (BRC) who said that tariffs would add £3.1bn a year to the cost of importing food and drink unless the UK and the EU can strike a free trade agreement.  In order to illustrate how dire these price rises would be without a trade deal, the BRC warned us that tariffs of 48% would be added to beef mince, 16% to [preserved] cucumbers1 and 57% to cheddar cheese. The British Retail Consortium also tried to convince the BBC audience that consumers on lower incomes were their 'main concern' however if retailers were really concerned about people on lower incomes shouldn't they be looking for alternative suppliers? Towards the end of the article the BBC admitted that the price rises would only amount to an annual increase of £112 per household, or just over £2 per week. For most people in the UK this is well within the regular discounts and BOGOF deals available in most supermarkets. While for people on lower incomes they are more likely to alter their purchasing habits rather than pay the higher price. The UK's new tariff schedule has been published and can be found here. The Tariffs on imported commodities will vary by commodity: some will be a percentage of their import value (cucumbers); others will be a fixed tariff per kilo (cheddar) while commodities such as beef will have both a fixed price per kilo as well as a percentage of the import value. Although the prices of imported EU foods would go up if the tariffs are passed on to consumers, the examples that the BBC decided to use are unlikely to eventuate.  It cannot be said often or simply enough: it makes no sense for a supermarket to import a cheap product like minced beef, if the tariff added to it would put it in the same price bracket as a British steak. Supermarket buyers are not stupid. No one would buy the imported mince, especially as locally produced mince would be available at an un-tariffed price, so importers will stop importing it. The price differential between Irish and British beef is not large enough to negate this sized tariff. This won't be great news for Irish farmers who rely on the UK's much larger market – but it could be a real boost to UK beef farmers if they have spare capacity. If not, then there are plenty of beef producing non-EU countries lining up to do trade deals with the UK. The BBC's cheddar example is even more unlikely to eventuate. Imported Cheddar will have a fixed tariff of £1.39 per kilo added to its price. The BBC claimed this would increase the retail price of Cheddar by 57% implying that the underlying cheese must be priced at only £2.44 per kilo. I am guessing that this is another mistake. Because try as I might, I have not found a cheddar that retails at £2.44 a kilo. Most 300g blocks cost more than that. There is an alternative explanation: that retailers are planning to add to the tariffs. This may be justified to cover their administration costs but pushing a cheap mass-produced cheese into a price bracket where it would be in competition with higher quality cheeses, would only lower sales.  Tariffs of this size would even hurt the market leaders: Irish made Pilgrims Choice is the UK's 2nd largest selling cheddar brand and its Extra Mature Cheddar retails for £6.83 per kilo2,slightly cheaper than the UK's largest selling brand, British made Cathedral City, whose Extra Mature Cheddar retails for £7.28 per kilo. If Pilgrims Choice has tariffs of £1.39 per kilo added to its import price, it would retail for at least £8.22 per kilo, almost a pound per kilo more expensive than its rival. This will be a major problem for Pilgrims Choice but not for UK shoppers. UK shoppers will be able to switch to a UK made cheddar very easily. Most cheddars available in UK shops are made in the UK, using UK milk, so their prices will be unaffected by the new tariffs. That is probably why the owners of Pilgrims Choice, Ornua, reportedly stockpiled 40,000 tonnes of cheese in the UK in 2019 in preparation for the March 2019 Brexit deadline. No doubt they will be doing the same now. If so, shoppers should be even more suspicious of any January retail price rises. Advocates for remaining in the EU, or making the UK into an EU colony, like to imply that the UK relies on imported EU food but these figures are heavily inflated by the use of the values of food rather than volumes. Much of what is imported from the EU consists of high value, branded products – products that are generally not bought by consumers on the lowest incomes. So the imposition of tariffs on these products will not affect low income consumers. If the concern is really whether there will be food shortages in the UK in January if there is no UK EU trade deal, then we should be looking at the volume statistics of how much food the UK produces, how much is imported from the EU and how much could be sourced from outside the EU in the future.  Some potential Non-EU suppliers have already rolled over existing trade deals with the UK, so will be competing with EU farmers for UK business. As a rule of thumb, the EU is a high cost producer of most agricultural goods – even though EU farmers are subsidised by the Common Agricultural Policy payments. And this has nothing to do with higher standards: the EU simply has higher costs of labour and land and a higher currency than most alternative suppliers. Defra surveys UK agriculture each year and calculates the net amounts of produce supplied by UK farmers. A table of the results for the past 3 years is below. ?In general, the proportions supplied by UK farmers are higher than we have been led to believe by the BBC and other groups promoting stories of empty shelves. Although for most commodities the EU provided the additional 10 or 20% of UK consumption, this was caused by EU rules rather than UK consumer choices. The additional tariffs and non-tariff regulatory barriers of the EU's Customs Union either prevented or made it uneconomic for UK importers to source agricultural commodities from many countries outside the EU. It is therefore disingenuous for anyone to claim that the UK relies of the EU for food, as the EU barriers to trade make this a forgone conclusion. Leaving the EU without a trade deal could lower the price and increase the variety of most imported food in the UK.  Even classical European products such as Olive Oil can be sourced from countries outside the EU. Not only do the eastern Mediterranean countries and the North African countries grow olives and produce olive oil, they generally do so for a much lower cost than the EU. And some of them have already rolled over trade agreements with the UK: South Africa makes fantastic olive oil, as does Morocco, the world's second largest exporter of table olives. The British Retail Consortium should possibly have a look for alternative suppliers before putting up the prices of EU imports.3 Similarly, fruit requires heat units to ripen and picking fruit is labour intensive so many countries with lower costs of living and warmer climates will be able to supply the UK with better quality fruit for a lower price than the EU. So, although the UK imported all but 16% of its fruit consumption in 2019, 2.3 million tonnes of the UK's net fruit imports came from outside the EU while only 1.2 million tonnes come from within the EU. Bananas, pineapples, and mangoes are imported from tropical countries while apples, pears and berries are imported from the southern hemisphere with low tariffs only when they are out of season in the UK. So, if tariffs are added to EU fruit and vegetables, often produced in heated greenhouses – as the BBC says about everything except the EU: 'other suppliers are available.'  But besides the potential for import substitution from less expensive non-EU suppliers, the UK should also look at areas where it could increase its own food production. The most obvious area is dairy products. The UK is a net exporter of milk by volume but a net importer of dairy products by value, importing higher value products such as butter, yoghurt, and cheese.  Even though the best butter available in the UK is also made in the UK, using UK milk: incredibly the UK still imports a large amount of butter. I accept that companies based in countries with small populations, such as Ireland and Denmark, need to export if they want to grow their revenues: but Danish Lurpak is the UK's largest selling butter or spread, while Ireland's Kerrygold claims to be the UK's 3rd biggest selling block butter. Both of these brands are already more expensive than many UK produced butters. However the imposition of an additional £1.58 per kilo tariff would certainly disrupt their business model and may even force Arla, the owner of Lurpak, to move its production to the UK as happened with Anchor Butter, originally made in New Zealand. The more I think about this, I am sure that there will be many UK dairy farmers who are secretly hoping that the UK and the EU don't sign that trade agreement. Meanwhile the BBC should stop trying to scare British shoppers. The UK food supply is much more resilient than the BBC thinks.  

[qantas] 01/10/2020 16:58

Robot you are 100% correct as usual.

[debsdowner] 01/10/2020 16:31

Latest Corona cases last 24 hours:

Positive cases 6,914 (7108)

Patients in hospital 2,276 (2,252)

On ventilator 3³2 (312)

Admissions 323 (266)

Deaths 59 (72)

[xxxxxy] 01/10/2020 13:46

12:46pmOcado hit by lawsuitEh-up. Trouble at robot warehouse. Ocado is being sued by Norwegian rival AutoStore over claims that the online grocery business breached patents for its warehouse technology.The FTSE 100 firm must stop selling its technology and may damages, according to court documents filed in the US and UK, PA reports.Karl Johan Lier, chief executive and president of AutoStore, on his decision to sue Ocado, said: "Since 1996, AutoStore has developed and pioneered technology that has revolutionised retail storage and order fulfilment, and is driving the growth of online retail.Ocado Group PLC"Our ownership of the technology at the heart of Ocado's warehousing system is clear. We will not tolerate Ocado's continued infringement of our intellectual property rights in its effort to boost its growth and attempt to transform itself into a global technology company."Ocado shares are down 3pc, having initially fallen more than 6pc. More on this as we get it. ... Daily Telegraph

[debsdowner] 01/10/2020 12:31

900 jobs to be cut at TSB.

[debsdowner] 01/10/2020 12:25

OCADO seem some selling lately.

[robot ic1] 01/10/2020 10:16

Qantas ,they will be bargain 0.99pence shares ie, penny shares shortly.

[robot ic1] 01/10/2020 10:15

numpty numpty not so wise

[johnwise] 01/10/2020 09:37

WATCH LIVE: Trump holds campaign rally in Duluth, Minnesota

[qantas] 01/10/2020 09:34

Robot Jet Engines.

Rolls-Royce was under intense pressure to nail down its equity capital-raising last night amid growing shareholder concern that the board has failed to move quickly enough and has opened itself up to short-sellers. Shares in the aero-engine maker have been falling for days and dropped by another 7 per cent to a 17-year low of 130p yesterday. - The Times

[robot ic1] 01/10/2020 08:58

Debdsowner and Qantas ,good morning to uyou , them jet packs are great .

The criminals will use them obviously .

down here today .

virus getting bad .

lock down nearing .

tesco says stay your car we will bring the shopping to you .

deaths same on 2 days running , cannot be correct . manipulation of the figs like always .

[xxxxxy] 01/10/2020 07:58

This isn't just any old share. It is a Marks and Spencer share.

[xxxxxy] 01/10/2020 07:56

FTSE to edge higher as markets rise – live updates... says The Daily Telegraph... not always right.

[debsdowner] 30/9/2020 16:27

Corona positive cases in last 24 hours 7,108

Patients in hospital 2,252 (2,049)

Patients on ventilator 312 (297)

Admissions 266

Deaths 71


Positive cases down on yesterday but they were the highest ever, other data up apart from deaths which is surprising they are the same as yesterday !

[philanderer] 30/9/2020 13:57

M&S cuts soya from production of milk to curb deforestation

UK retailer worked with dairy farms to end use of destructive cattle feed, but critics say move could ‘shift problem elsewhere’