Marks And Spencer Share Discussion Threads

[debsdowner] 10/2/2021 09:18

Price breakout on the downside, the brokers downgrade has spooked investors, I warned the share price was looking too heady with so much competitin and poor clothes sector combined with high costs in bricks and mortar.

JD Sports warning of BREXIT costs has added to the gloom. It was far too early for the jump in share price.

[jsforum] 09/2/2021 17:10

Underlying profits for the JV was 140 million for the quarter, well ahead of the same period last year ( £40 million Waitrose)

[jsforum] 09/2/2021 17:00

Think youre confusing Ocado and Ocado UK retail business.Ocado aa a platform is loss making due to the international partnerships but I doubt they are losing sleep over it. The UK joint venture is lower margin due to expansion of capacity and investment in technology - both bode very well for Marks & Spencer.

[debsdowner] 09/2/2021 14:17

jsforum

OCADO is still loss makimng!

JD Sport warns of increased costs due to extra paperwork after BREXIT and more having to pay tariffs.



MARKS will have the same cost increases, most or all of its fashions/clothes imported.

[jsforum] 09/2/2021 14:09

Ocado UK joint venture 35% increase in sales. Investing in new technology and additional capacity- very encouraging

[xxxxxy] 09/2/2021 13:02

At a glance | online sales taxOnline retailers thrived during the coronavirus lockdown with people unable to visit non-essential shops for three months.Even with the easing of restrictions, footfall on the high street is expected to be significantly lower than it would usually be, with many people too fearful to shop in crowded spaces.Because of this advantage over physical stores, the Treasury has announced a review of business rates to reduce its burden, suggesting that a new online sales tax could provide a "sustainable and meaningful revenue source for the government".The online tax might involve two new taxes: a levy on all goods bought online and a tax on consumer deliveries.... Daily Telegraph

[xxxxxy] 09/2/2021 12:58

Old Wirralian9 Feb 2021 9:52AM@N Hamilton  Really? All I can say is that they've been a Godsend to us during the pandemic, as I'm a 75 year old diabetic who's been advised to stay away from shops. ... Daily Telegraph

[xxxxxy] 09/2/2021 12:57

Losses narrow at Ocado after bumper yearOnline grocer pledges to invest an extra £30m in technology to meet surging demand for online shoppingBySimon Foy9 February 2021 • 9:15amOcado posted narrowing full-year losses after a "rapid acceleration" in online orders due to the pandemic delivered a bumper year for the retailer. The company reported a £44m pre-tax loss compared to a £215m loss last year, while total revenues soared by a third to £2.33bn.The strong retail performance was offset by increased investment in global growth, including hiring more staff, and improving its technology to help grow and improve the platform.The online grocer pledged to invest an extra £30m in technology to meet surging demand for online shopping during the pandemic. It also plans to pour a further £700m into capital expenditure this year as it rolls out another three automated fulfilment centres. ... Daily Telegraph

[philanderer] 09/2/2021 12:49

Grocery shopping has changed for good, says Ocado

[debsdowner] 09/2/2021 12:38

careful,

Youar evidently wise and well read thanks for your contribution to this thrad. I agree with all your comments.

[smurfy2001] 09/2/2021 12:16

A 'short term' transaction tax would kill off high frequency trading but doubt it would ever happen.

[careful] 09/2/2021 11:53

MKS made £1bn profit many years ago.
At its peak it was an iconic brand where everyone shopped for clothes and food from all social classes.
But never was it valued at over £10bn.

The Tesla, Gamestop, Bitcoin, and the rest prove that modern markets, with derivatives, coordinated shorting, and high frequency trading create crazy valuations.
Disconnected from fundamentals.

If the 'Hounslow Hound' could crash the Dow a few years ago operating from his bedroom there is something wrong with the system.
He made 7 million trades in a single day on the Dow, then immediately cancelled them 7 million times.It caused a flash crash of 1000 points in a few minutes.

Why do they allow anyone to buy and sell a share within a milli seconds.
Make a minimum holding period of 2 days.
If the little guys can do it, think what the big guys are up to.

[careful] 09/2/2021 09:52

OCDO valued at £20bn.
These are crazy markets.

Bitcoin Tesla Ocdo

When with it all collapse?
They could and almost certainly will crash massively at some time in the future.

[qantas] 09/2/2021 08:48

Grocery shopping has changed for good, says Ocado

[debsdowner] 09/2/2021 08:47

Retail slaes fall says BRC



OCADO sales up but still making a loss which has narowed

[xxxxxy] 09/2/2021 08:22

More home food productionFEBRUARY 9, 2021 22 COMMENTSYesterday there was an Urgent Question on the EU ban on exports of bi valve molluscs from the UK to the EU.  The Defra Secretary told us he had prior assurance  from the EU confirming the legality of this trade post Brexit, but the EU have now changed their mind. The UK has been supplying continental restaurants and food shops with some shellfish. The English fishermen supply them straight from the sea, with continental processors  cleansing  them for sale with their own depuration facilities. He promised to seek urgent reversal of the decision, understanding  the damage it is doing to small fishing businesses. It affects oysters, muscles and clams, not  the larger  trade in lobsters and crabs. Demand on the continent is down anyway given the widespread closure of restaurants.I urged him to make help available to the UK industry so we can process the shellfish here. Then they could be exported as food products. It would also mean we could sell them through our own fishmongers and food stores. The EU is being unreasonable over various food trade issues. It is high time the UK government took tougher action to enforce our UK internal market and ensure the smooth passage of food into and out of Northern Ireland, and time to be firm over fish. I did get a more encouraging reply to a recent written question on growing more of our own food. The Department for Environment, Food and Rural Affairs has provided the following answer to your written parliamentary question (144914):Question:To ask the Secretary of State for Environment, Food and Rural Affairs, what steps he is taking to promote and support more protected growing of vegetables and salad crops to extend the UK growing season. (144914)Tabled on: 28 January 2021This question was grouped with the following question(s) for answer:To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment he has made of the potential to extend the UK fruit growing season; and what support his Department provides to growers to extend their season. (144915)Tabled on: 28 January 2021Answer:Victoria Prentis:We have the ideal climate and landscape to enable us to produce a wide range of fruit, vegetables and salad crops throughout the year. Innovation such as the development of new plant varieties and growing systems has already allowed growers to extend the domestic growing season for products such as strawberries.We will continue to encourage and support our growers to produce more high-quality home-grown fruits and vegetables, ensuring a reliable and sustainable supply of top quality and healthy home-grown fresh fruit and vegetables throughout the year, all produced to high environmental standards.Growers of protected and salad crops are currently able to apply for financial support to help them improve their productivity via the Fruit and Vegetable Aid Scheme, and looking ahead the Agriculture Act will provide powers to offer financial support to anyone starting, or improving the productivity, of an agricultural or horticultural activity.Later this year, growers will have the opportunity to apply for support to invest in equipment, technology and infrastructure via the new Farming Investment Fund. This will help them to boost their productivity whilst also reducing impact on the environment.The answer was submitted on 08 Feb 2021 at 14:57.... John Redwood

[philanderer] 09/2/2021 00:27

M&S recruits two female executives to bolster its top team following Jaeger takeover

[debsdowner] 08/2/2021 15:44

diku

Tesco is calling for online tax and you may be right it could make a difference to bricks and mortar shops.

[xxxxxy] 08/2/2021 15:24

CHANCELLOR WANTS TO LEVEL UP THE PLAYING FIELD IN RETAILING --------------------------------------------------------------------------- Interesting comments in the Weekend Sunday newspapers about the possible introduction of an ONLINE SALES TAX, primarily aimed at all UK ONLINE retailers including Amazon, ASOS, Boohoo, Next, etc The broadsheet newspapers seem to be implying that Chancellor, Rishi Sunak is reportedly considering plans to levy a surcharge on ALL INTERNET RETAILERS, to help offset the loss of income received from Business Rates, following the closure of empty, vacant high street shops.... From Chainsaws... Next thread.....

[johnwise] 08/2/2021 13:35

China leaves Britain a financial Basket Case and the Torys will make you pay for the cost of the Communist China Plague and the Torys continue to rebuild China with import tax free goods from Genocide China ? The Torys never have put Britain first..


Rishi Sunak could be planning 'direct attack' on pensioners in huge tax raid

RISHI SUNAK is said to be planning a "direct attack" on pensioners' savings as speculation mounts tax hikes could be on the way.

[xxxxxy] 08/2/2021 13:24

Luke Sales 8 Feb 2021 1:06PM@maria - I'm afraid I'm going to upset you by saying that children's lives matter more. They are the future and they are being incredibly disadvantaged by the lockdowns. Old people have lived their lives and it is time for them to move aside. What on Earth is the point of destroying everyone else's lives for the sake of the elderly? It's immoral.... Daily Telegraph

[netcurtains] 08/2/2021 13:22

Anyone who thinks shops is dead should remember that once retired you spend quite a lot of time down the shops. Nearly all boomers are near or at retirement. There is going to be a massive demand down the shops to cater for quite well to do and growing retired boomer market. Shops is back!

Read the PDF for projected growth rates of people with time to shop:

[diku] 08/2/2021 12:59

If these online retailers get taxed to bring them to a same level palying field then would that rejuvenate demand for more bricks and mortar retailers?...in other words if the punch ball of making money is taken away from online retailers then they are forced back to bricks and mortar model...and give more financial incentives to current bricks and mortar retailers...it also entices customers to come out and shop rather than couch potato online shopping...