Marks And Spencer Share Discussion Threads

[johnwise] 15/1/2021 08:47

Communist China, Germ Warfare Update:

UK set for double-dip recession as GDP plummets 2.6 per cent

The UK economy shrank by 2.6 per cent in November as the Covid-19 pandemic took hold of sectors across the country, according to new figures published this morning.

[xxxxxy] 15/1/2021 08:47

Around 30,000 Tesco (TSCO.L) staff are currently off work, with absences on the rise as staff fall ill, self-isolate or shield at home.Britain's biggest supermarket's chief executive Ken Murphy said on Thursday it had "clearly seen a spike" in absences in recent weeks.Approximately one in 10 staff is now off, according to Murphy, with absence rates "materially higher" than during its second and third quarters.The details, confirmed on a call with analysts and journalists, come after Tesco published a trading update for Christmas as well as its third quarter, which ended on 28 November.The update said around 35,000 more temporary workers had been taken on, helping Tesco deal with both absences and what Murphy called "abnormally high demand" fuelled by COVID-19 and government restrictions.READ MORE: Tesco COVID-19 costs hit £810m but firm enjoys record ChristmasAround 7,000 of Tesco's most vulnerable colleagues are shielding at home on paid leave, Murphy added. The increased severity of the pandemic in recent months is expected to push up its COVID-19 costs, from covering absences to PPE, sanitisation and extra bonuses.It estimates full-year costs of £810m ($1,106m), up from its previous estimate of £725m.But absence rates remain significantly lower than during the first nationwide lockdown in the first half of 2020. Murphy said at one stage 50,000 workers had been off, before absences dropped in the second half of the year as infection rates and restrictions eased.He also highlighted the company's new policy to not let customers in stores without masks, though said he was "grateful" most customers were following the rules.Online shopping 'institutionalised'Murphy, who only took over from Dave Lewis in October, also said a "reasonable proportion" of the increase in consumers shopping online seen during the pandemic was "here to stay.""It's just become an institutional part of their shopping habits," he said. He said the "cannibalisation rate," meaning the share of online sales diverted from previous Tesco in-store sales, was around 30%.But he acknowledged Tesco's leaders "don't have a feel" for exactly how far shoppers will revert to in-store purchases and to eating out as the pandemic eases.Online sales tax and rates reformHe also said Tesco continues to back calls for a tax on digital sales, saying store-based business rates had risen "dramatically" despite "no extra sales coming from stores."He said the country needed a "fundamental reformation" of the rates system, offset by the new digital tax.The large sums repaid by Tesco and other supermarkets in business rate relief last month had "put into stark relief just how big the burden of rates is on the retail business," he added.Tesco was the first of a string of supermarkets last month to pay the government back the funds saved under the relief, which had been introduced primarily to support closed 'non-essential' retailers.Brexit impact on prices 'minimal'Murphy is one of five supermarket chiefs who recently wrote to the UK government warning looming Brexit changes to trade between Britain and Northern Ireland were "unworkable."He was asked by an analyst about the impact of any Brexit upheaval already felt since the UK left the EU's single market and customs union at the start of the year. Firms face new requirements and administration to move goods between the UK, Northern Ireland and EU, affecting supermarket supply chains.... Yahoo Finance

[netcurtains] 15/1/2021 07:54

I think the Jaegar deal is a good move by Marks.
M&S have been too down market for too long.
Its time to make good money per unit of clothing!

[xxxxxy] 15/1/2021 07:48

Marks and Spencer has bought upmarket fashion brand Jaeger out of administration in a £5m deal. The High Street giant is taking on the Jaeger brand and stock which it will sell in M&S stores and online. But none of the remaining 67 Jaeger stores will be saved – putting hundreds of jobs at risk. The deal is M&S's first fashion acquisition since it bought Per Una from designer George Davies for £125m in 2004. 

[johnwise] 14/1/2021 16:20

Lift lockdown or lose your job! Boris warned he's facing leadership coup - MPs turn on PM

BORIS JOHNSON has been warned he could be turfed out of Downing Street by Tory backbenchers unless he signals his plan to end the coronavirus lockdown.

[xxxxxy] 14/1/2021 16:03

The high street is dead, long live the high streetWe need to call time on the polarising debate between online and offline retailROB HATTRELL14 January 2021 • 6:00amThe past year has been beset with chaos and confusion. That also applies to many headlines. Over the last 12 months, we've seen everything from the wild to the wonderful. And this week again people are predicting the "death of the high street".Let's start with the indisputable. It's obvious that many high street institutions have suffered. Footfall across retail has fallen off a cliff, down almost two-thirds, year-on-year, according to this week's data from Springboard. And this will no doubt worsen as the UK endures its third national lockdown.The temporary closure and reopening of shops throughout the pandemic, leading to permanent closure for many, has had a huge impact on thousands of retail workers. Just last week, we heard that 1,500 workers at high street stationery retailer Paperchase would be facing an uncertain future. We cannot make light of that.But at the same time, we seem to miss the bigger picture. The reality is this transition has been happening for years. All we are seeing is a trend that started in the Eighties and sped up as we went into lockdown.... Daily Telegraph

[xxxxxy] 14/1/2021 14:07

Carbon footprint of imported goods could be included in emissions target, minister says George Eustice says there is a "growing recognition" that tackling territorial emissions is insufficientByEmma Gatten, ENVIRONMENT EDITOR13 January 2021 • 6:10pm?The UK could set targets to reduce emissions that include the carbon footprint of consumer products and imports, the environment secretary has said, in a move that would be a world first. Britain has a target to reduce its territorial emissions 68 per cent from a 1990 baseline by 2030, and to become net zero in emissions by 2050. But while that covers British industry, agriculture, energy and road transport, it does not include emissions created outside the country from products that are imported into the UK. ... Daily Telegraph

[xxxxxy] 14/1/2021 12:45

Derbyshire Live....Hundreds of jobs on offer at Marks & Spencer distribution centre in Castle DoningtonRecruitment firm Staffline is trying to fill the roles

[xxxxxy] 14/1/2021 12:43

Northern Ireland... M&S...My question during the Urgent Question on the Northern Ireland Protocol: Disruption to Trade, 13 January 2021By JOHNREDWOOD | Published: JANUARY 14, 2021Sir John Redwood (Wokingham) (Con): Will my right hon. Friend introduce urgent legislation to ensure the smooth flow of goods between Northern Ireland and GB? Is it not crucial to our Union, in respect of both Northern Ireland and Scotland, that the Government keep their promise to take control of our laws and borders and to demonstrate a more prosperous internal market for the whole UK?The Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office (Mr Michael Gove): My right hon. Friend is absolutely right. We want, first of all, to make sure that we are doing everything technically and administratively in order to ensure the smooth flow of goods but, as the Prime Minister confirmed to the House earlier, if we need to take further legal steps, then of course we will.

[onehanded] 14/1/2021 11:17

tesco looking good for the special divi lol

We completed the GBP8.2bn sale of our businesses in Thailand and Malaysia on 18 December 2020. We have already made a one-off contribution of GBP2.5bn to the Tesco PLC Pension Scheme and, conditional on obtaining shareholder approval at the General Meeting, we will return c.GBP5bn to shareholders via a special dividend followed by a share consolidation on or around 26 February 2021.

A circular containing further details of the special dividend and the share consolidation ratio will be sent to Tesco shareholders on or around 25 January 2021.

[careful] 14/1/2021 10:16

Burials not much different from normal times.
the usual 500,000 to 600,000 deaths occur each year always.

Over a ten year period that is over 5m people.

Overopulation is the Worlds big problem.
Cemetery's are getting fuller and new land will need to be released.

[robot ic1] 14/1/2021 09:36

Good morning Qantas and Debsdowner .

Debsdowner,

The uk got this Covid wrong it is plain to see.
The numpties do not care and carry on as if there is no issues with Covid .

Someone I know died in 2 days from getting symptoms.how sad , that quick .the family think it was covid from a parcel that had been delivered, due to no contact to the outside apart from a parcel delivery.

The New Mexican variant has been found in the uk now and this will be a big worry .

As you say the amount of ground for burials is diminishing so that will be a challenge for the near future dealing with ground that is full of covid rotting corpses .

As for the UK I can see things getting the squeeze here social benefits being squeezed tighter ,tax rises ,vat increases.

One thought of the day is the world has too many people and the thinning out of population is addressing the issue .

[onehanded] 14/1/2021 09:36

Could see a few getting in for this 5 billion hand out from TESCO lol

Sale of our businesses in Thailand and Malaysia

We completed the GBP8.2bn sale of our businesses in Thailand and Malaysia on 18 December 2020. We have already made a one-off contribution of GBP2.5bn to the Tesco PLC Pension Scheme and, conditional on obtaining shareholder approval at the General Meeting, we will return c.GBP5bn to shareholders via a special dividend followed by a share consolidation on or around 26 February 2021.

A circular containing further details of the special dividend and the share consolidation ratio will be sent to Tesco shareholders on or around 25 January 2021.

[debsdowner] 14/1/2021 09:22

TESCO Christmas sales up 8.1% which is similar to other larger players but not as good as ALDI & LIDL.

Seems Brits didn't deprive themselves over Christmas as they saved money while at home but all those on furlough have a difficult year ahead many will lose their jobs and that will have an impact on retailers.

[debsdowner] 13/1/2021 20:10

robot,

With so many dying burial grounds are getting very full with your vast lands worldwide this could be the next money spinner.

[careful] 13/1/2021 16:37

We need to know how many are being tested and how many of those testing positive get tested more than once.
Number tested seem to be 3m+ right now.
And are they mostly those with symptoms?

Also what is the average length of stay in hospital.
How many nurses are off sick?

And how many so called Covid deaths are primarily from other causes?

They tease us with these partial facts.

[debsdowner] 13/1/2021 16:10

latest covid data out:

47,525 infections which is up on yesterday after falls for a few days.

1,524 deaths

4,253 admissions

36,489 now in hospital which is the highest ever



Record deaths:



Over 100,000 deaths related now to covid

[johnwise] 13/1/2021 15:34

How to beat the queues at Marks and Spencer - foodhall shopping reservation service is extended

It aims to make shopping quicker, easier and safer for everyone

"It will be extended until the beginning of February at least.

"Our shelves are stocked with the highest quality, great value ingredients and dishes, including hundreds of our exclusive Eat Well products, making it easy and delicious to make healthy choices on your weekly shop this January."

Customers popping in for a smaller shop of essentials can also skip any queues at the till by paying for their shopping on their smartphone.


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[johnwise] 13/1/2021 15:33

How to beat the queues at Marks and Spencer - foodhall shopping reservation service is extended

It aims to make shopping quicker, easier and safer for everyone

"It will be extended until the beginning of February at least.

"Our shelves are stocked with the highest quality, great value ingredients and dishes, including hundreds of our exclusive Eat Well products, making it easy and delicious to make healthy choices on your weekly shop this January."

Customers popping in for a smaller shop of essentials can also skip any queues at the till by paying for their shopping on their smartphone.

[qantas] 13/1/2021 14:19

debsdowner they may be escapes from robots moat????

[debsdowner] 13/1/2021 13:44

Hi robot

I don't know where these idiots come from ADVFN needs to do a literacy test before users can post.

In the meantime EWM saved but not all shops will reopen



LIDL premium range increased by 22% over Christmas speaks for itself as middle to upper class customers switch shop.