Marks And Spencer Share Discussion Threads

[xxxxxy] 22/10/2020 08:24

Not sure where things heading, incompetent politicians, vaccine probably a delusion, a left wing MSM, an Evil Left, woke to broke etc. Who knows. Will add to MKS if goes sub 75p. Otherwise Cash is King.

[xxxxxy] 22/10/2020 08:19

John Davies22 Oct 2020 7:53AMLooking for a new kettle yesterday. Every one regardless of make was made in China. Until our shops stop fronting for the CCP we have no chance.Lynn Whitworth22 Oct 2020 7:58AM@John Davies Thank goodness someone else has noticed.  Even Swan, which has a Union Jack prominently displayed on the carton is only 'designed' in the UK - but manufactured, you guessed, in China. In fact, I struggle to find anything that isn't. However, I'm up for the challenge - it just underlines how completely Western companies have outsourced their entire manufacturing capability to China. A Allan22 Oct 2020 8:07AM@John DaviesI now check labels.Colgate toothpaste is made in China, so i have to settle for Oral-B - made in Germany.... Daily Telegraph

[johnwise] 22/10/2020 08:18

China warned of "consequences" when the UK and US rightly made their views known in regards to the riots in Hong Kong, with China deeming it as "interference" there was always going to be payback. Hey presto! 'Covid 19'. China may not be able to compete 'militarily' with the US (not far away though) but they are No1 'Top Dogs' in the 'Trade department' and again China has played a blinder! Now we are saddled with a 'Covid debt' which will take decades to repay!.

[johnwise] 22/10/2020 08:05

UK government borrowing balloons to £1bn a DAY


You couldn't make it up. China caused all this misery and they are carrying on as if nothing has happened. And we are making them rich by buying all their junk, and more so as we get poorer.


Job rescue scheme 'to be extended to London and other Tier 2 lockdown areas' TODAY: Rishi Sunak will unveil new subsidies as government borrowing balloons to £1bn a DAY



Donald Trump:
VIDEO

[debsdowner] 21/10/2020 20:04

Disgusting behaviour by Labour MP Angela Raynor calling a conservative MP "scum".
The disgusting woman has since apologised but the public expects better conduct from an MP:

[debsdowner] 21/10/2020 19:17

atest rise in Corona cases released 19th October (day before in brackets):

Positive cases 26,668 (21,331)

Patients in hospital 6,479 (6,431)

On ventilator 629

Admissions 996 (860)

Deaths191



Comment:

Another significant increase in positive infections again today.

[debsdowner] 21/10/2020 19:13

Boris outflanked Andy Bumham today, Bunham turned down the GOV offer of £60 million so Boris said the GOV would give the £60 million but not give it to Bunham to distribute LOL

[qantas] 21/10/2020 14:01

Good afternoon Robot how is your moat? many pond life,?

[porsche1945] 21/10/2020 11:26

The only value left in this is its 50pc of Ocado retail, share price seems to have nothing else in it, management have been so poor for so long, should have sold off store estate whilst still worth something and shunted the spend to online. Altho are a lot of MKS buyers that internet to savvy to be ordering online? The homeware a waste of time, the store estate and number of employees plus debt, looks terminal, I have dumped all my retailers, they are toast, nobody goes to shops anymore and grocery shopping in the U.K. drizzle with the great unwashed pretty dismal so home delivery is great anyway. Really do fear for U.K. in general, seems to be heading back to imf bailout a la 1970’s. Brexit has destroyed the U.K. over the last few years, pointless mess which trashed the currency, made stock more expensive to buy, another hit for retailers.

[xxxxxy] 21/10/2020 10:29

Grocery prices have returned to pre-pandemic levels, after a 2.5% rise at the beginning of COVID-19 lockdowns.There has been a gradual deflation through the summer as price promotions returned to normal levels, according to the research by the Institute for Fiscal Studies, funded by the Nuffield Foundation and the Economic and Social Research Council.Using real-time data on millions of grocery transactions (covering food, drink, toiletries, cleaning products and pet food) up until 9 August, the analysis shows that by the first week of August, the price level for groceries was about 0.5% higher than it was at the beginning of the year.An initial 8% reduction in the range of grocery products bought, which occurred in March, has persisted, suggesting an ongoing reduction in consumer choice.Martin O'Connell, deputy research director at the IFS and an author of the research, said the initial price inflation was driven by retailers cutting back on promotions at the onset of lockdown."As cases of COVID-19 are now rising and restrictions reintroduced, it remains to be seen whether another bout of grocery inflation will follow," he said.The initial surge occurred much more in full-line supermarkets such as Tesco (TSCO.L) and Sainsbury's (SBRY.L), than in discounter supermarkets such as Lidl and Aldi.READ MORE: Coronavirus: Christmas affordability worry for 'more than half' of UK consumersThe research showed that there was a 15% fall in the frequency of promotions at the beginning of lockdowns, accounting for more than half of the price spike.What's more, by the beginning of August, promotions that entail price discounts (for example, '20% off') had returned to pre-pandemic levels. In contrast, quantity promotions (for example, 'buy two for £2') remain depressed.The IFS research also demonstrated a pronounced move to grocery shopping online. In the first month of lockdown, the share of grocery spending online was 20% higher than for the same period in 2019. By the beginning of August, the increase compared with 2019 was nearly 70%.It also found that the inflationary spike during the first month of lockdown was experienced by households across the income distribution, but was bigger for better-off households. However, the gap in inflation experience across different income levels has since closed... Yahoo Finance

[debsdowner] 21/10/2020 09:18

South Yorkshire the next to go into stage 3 lockdown

[debsdowner] 21/10/2020 09:14

Waitrose and COOP reduce prices to try and grab a bigger increase share in customers prior to the main Christmas spending:

"Waitrose and the Co-op are reportedly slashing prices on hundreds of essentials this week in an effort to square up to supermarkets and lure customers ahead of the crucial Christmas trading period.

Upmarket grocer Waitrose is lowering the prices on over 200 of its basic own-label products from Wednesday, including beef mince, tea and washing-up-liquid, by an average of more than 15 per cent, The Guardian reported."

Meanwhile, the Co-op is investing £50 million in lowering the prices on more than 300 branded and own-label products, including rice, pasta and coffee, by nearly 15 per cent on average. Its “Honest Value” will include 50 items, including meat, soft drinks, fruit and vegetables.



Its is going to be a mean Christmas this year, there will be less family gatherings which reduce the amount of food needed, less treats.

No Christmas crackers this year the only crackpots around will be people who buy or hold onto retail shares.

[xxxxxy] 21/10/2020 09:08

Supermarket price war wipes out higher grocery costs from lockdownBut experts warn that another wave of Covid-19 restrictions could see prices rise againByLaura Onita21 October 2020 • 6:00am... Daily Telegraph

[debsdowner] 20/10/2020 19:16

Andy Burnham was offered £6o million to assist Manchester business AB refused the order wanting £65 million so he gets £`20 million instead.

Burnham is an idiot xhd has thrown away £40 million.

[debsdowner] 20/10/2020 18:00

QANTAS

Thanks for that.


NEXT is extremely well run by Lord Wolfson but the share price already risen 80% since the Coronavirus virus need the shares, I am not so sure it's worth buying now with the pandemic spreading again.


It's all about consumer spend and with more lockdowns in place,the public cannot go out to pubs and clubs there will be less money spent on clothes.

[qantas] 20/10/2020 16:51

(Sharecast News) - Barclays initiated coverage on shares of retailer Next at 'overweight' on Tuesday, with a 7,200.0p price target.
The bank said Next is transitioning from a UK store-based retailer into a multi-channel, multi-geography platform.

"Indeed, Next has made more progress in this direction than some may appreciate - we expect UK stores to contribute just 31% of sales and 14% of EBIT by calendar 2022.

"With its online business generating mid-teens percentage sales growth and margins, Next offers an interesting mix of growth and cash returns."

Barclays estimates that Next can return around 8.4% of its market cap over the next five years.

"The share price has admittedly risen by more than 80% since April, but for investors with a longer-term horizon we think the shares still offer attractive upside."

[debsdowner] 20/10/2020 16:51

Latest rise in Corona cases released 19th October (day before in brackets):

Positive cases 21,331 (16,982)

Patients in hospital 6,431 (5,608)

On ventilator 629 (592)

Admissions 860 (924)

Deaths



Comment

Huge spike in infections rate and also people in hospital.

[debsdowner] 20/10/2020 12:54

UK households remain downbeat about their finances - survey


Household finances remain under severe pressure, research published on Monday showed, as concerns about job security and the long-term health of the economy persist.

The IHS Markit UK Household Finance Index for October, which measures households’ overall perception of financial wellbeing, was 40.8. That was unchanged on September’s reading, and well below the neutral mark of 50.0.

Perceptions of job security recovered from April’s low, with its index rising to a seven-month high. However, IHS Markit said it remained below both 50.0 and the long-run average.

Looking ahead, households expect their situation in 12 months’ time to still be relatively gloomy, with the financial wellbeing expectations index the least pessimistic for four months but still in negative territory.

Lewis Cooper, economist at IHS Markit, said: “Households reported a fall in the availability of cash, a quicker reduction in their spending, further use of savings and increased demand for unsecured credit, all of which highlights the hardship facing some UK households at present.

“With new Covid-19 related restrictions introduced, job security perceptions remained negative and incomes from employment fell again in October. Moreover the measures are likely to have a severely negative impact on household finances, and as such, hope of a recovery will be on hold until the pandemic is under control and restrictions are loosened.”

A total of 1,500 adults aged between 18 and 64 were interview between 8 and 13 October for the survey.

[qantas] 20/10/2020 09:46

UBS Profits up 99%

Please do your own research as always.

[qantas] 20/10/2020 09:46

UBS Profits up 99%

Please do your own research as always.

[qantas] 20/10/2020 09:20

Shorts are low at 3.1%