We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Marks And Spencer Group Plc | LSE:MKS | London | Ordinary Share | GB0031274896 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.90 | 0.70% | 274.50 | 274.50 | 274.60 | 275.30 | 271.90 | 272.40 | 8,797,782 | 14:58:54 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc General Mdse Stores | 11.93B | 363.4M | 0.1842 | 14.90 | 5.41B |
Date | Subject | Author | Discuss |
---|---|---|---|
10/2/2021 11:33 | Tesco today, Marks tomorrow. To be fair Obesity is a massive problem.....A coalition of institutional and retail investors have filed the first ever health-based shareholder resolution at a FTSE 100 company (^FTSE), calling on the UK's largest food retailer to set targets to increase the amount of healthy food and drink it sells.Tesco (TSCO.L) is in the spotlight after responsible investment NGO ShareAction co-ordinated a resolution urging the company to reduce its reliance on unhealthy products for sales growth. The proposal is being co-filed by seven institutional investors managing over £140bn ($193bn) in assets, along with 101 retail investors.READ MORE: UK minister: Vaccine rollout means pubs and restaurants will reopen 'soon'The push reflects rapidly rising investor concern about companies' health impacts, an issue that was seen as fringe even by many advocates of responsible investing until recently.The COVID-19 pandemic has highlighted the urgency of tackling mounting obesity levels. Severely obese people are three times more likely to be admitted to intensive care with COVID-19.The investors filing the Tesco resolution argue that, as the leader in Britain's grocery market, the supermarket plays a central role in shaping the nation's diets."Supermarkets, and in particular their key worker staff, deserve credit for working tirelessly throughout the pandemic to keep food on the shelves," said Ignacio Vazquez, a senior manager at ShareAction."However the companies also have a responsibility for the health impacts of their product ranges and marketing efforts."The resolution says Tesco's health performance lags behind some of its peers and argues that new health regulations and consumer trends pose a risk to the business.The resolution will be put to a vote at Tesco's AGM. If passed, it will require the company to:Disclose the share of total food and non-alcoholic drink sales made up of healthier products (as defined by the UK Department of Health) and develop a strategy to significantly increase that share by 2030;Publish a review of its progress each year in its annual report from 2022 onwards.Investors co-ordinated by ShareAction made similar requests at Tesco's 2020 AGM, but ShareAction said the company has not made any significant progress to date.The resolution represents a marked escalation in the investors' engagement with Tesco on this issue. It is the first time a UK-listed company has been challenged with a shareholder resolution on health grounds."As the UK's largest food retailer, Tesco's actions are of systemic importance in tackling obesity," Vazquez said. "But its prime market position has not yet translated into leadership on this critical issue."We hope that Tesco's board will endorse the resolution and grasp the opportunity to help build a healthier UK post-Covid, while also improving its financial sustainability in the long-term."A spokesperson for Tesco said: "We are working hard to make it easy for our customers to make healthy choices, and we have set very clear targets on health and sustainability."The supermarket said it had removed 50bn calories from its products since 2018 and has announced a target to increase sales of plant-based meat by 300% by 2025.READ MORE: Central London facing 'cultural catastrophe' due to COVID-19"We keep our targets under review to ensure they are sufficiently stretching, reflecting feedback from a wide range of stakeholders, and will share our latest health ambitions ahead of publishing our next Little Helps Plan update," the spokesperson said.Tesco monitors the health profile of its sales via its 'Healthy Little Differences' tracker, but does not disclose this information publicly or set targets to increase the share of healthy products.By contrast, since 2017 Marks & Spencer (MKS.L) has published annual progress updates towards its target of 50% of own-brand sales coming from healthier products by 2022. It reached 40% in 2019.Sainsbury's (SBRY.L) had a target to increase the percentage of healthier products it sold from 41% to 45% by 2020 and reached 43% last year. The supermarket has committed to setting 2040 targets and will report biannually from this year onwards.A recent review by the Access to Nutrition Initiative found that Tesco reported on just 30% of indicators of good health practice. An October 2020 report from The Food Foundation said that "encouraging healthy diets" was Tesco's weakest area of performance across 10 environmental and social topics.The UK government estimates that at least half of all grocery sales come from products that are high in fat, sugar or salt. This is a key factor in rising levels of obesity in the UK, which accounts for almost 10% of national health expenditure.... Yahoo Finance... | xxxxxy | |
10/2/2021 11:18 | DUNELM sees a surge in interim profits it has no net debt and cash in the bank Its incredible that its sales are a small fraction of MARKS yet making far more profit and is also in bricks and mortar stores. MARKS has clearly lost its focus over the years and failed to understand customer loyalty and behaviour and although its now taken some new brands like Jaeger under its umbrella there is a long haul ahead. The retail market is moving very fast now and I cannot see MARKS moving fast enough to keep ahead of change. | debsdowner | |
10/2/2021 10:52 | Sainsburys has started a price match against ALDI after TESCO did the same. The competition in grocery gettint tougher. I dont expect it will worry either ALDI or LIDL as the price match tends to be short lived and both ALDI and LIDL have a loyal custpomer following. | 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. | debsdowner | |
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. | jsforum | |
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. | debsdowner | |
09/2/2021 14:09 | Ocado UK joint venture 35% increase in sales. Investing in new technology and additional capacity- very encouraging | jsforum | |
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 | xxxxxy | |
09/2/2021 12:49 | Grocery shopping has changed for good, says Ocado | philanderer | |
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. | debsdowner | |
09/2/2021 12:16 | A 'short term' transaction tax would kill off high frequency trading but doubt it would ever happen. | smurfy2001 | |
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. | careful | |
09/2/2021 08:48 | Grocery shopping has changed for good, says Ocado | qantas | |
09/2/2021 08:47 | Retail slaes fall says BRC OCADO sales up but still making a loss which has narowed | debsdowner | |
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 | xxxxxy | |
09/2/2021 00:27 | M&S recruits two female executives to bolster its top team following Jaeger takeover | philanderer | |
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. | debsdowner | |
08/2/2021 15:24 | CHANCELLOR WANTS TO LEVEL UP THE PLAYING FIELD IN RETAILING -------------------- | xxxxxy | |
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. | johnwise |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions