MA6.F - Marks and Spencer Group plc

Frankfurt - Frankfurt Delayed price. Currency in EUR
2.1370
+0.0060 (+0.28%)
As of 8:02AM CET. Market open.
Stock chart is not supported by your current browser
Previous close2.1310
Open2.1370
Bid2.1460 x 200000
Ask2.2100 x 200000
Day's range2.1370 - 2.1370
52-week range1.8020 - 3.3351
Volume1,104
Avg. volume488
Market cap4.288B
Beta (3Y monthly)0.81
PE ratio (TTM)89.04
EPS (TTM)0.0240
Earnings dateN/A
Forward dividend & yield0.12 (6.18%)
Ex-dividend date2019-11-14
1y target estN/A
  • Even DIY Cocktails Can't Help Brexit Blues
    Bloomberg

    Even DIY Cocktails Can't Help Brexit Blues

    (Bloomberg Opinion) -- In the malaise of Brexit, Brits have been drowning their sorrows in gin and tonic. And rather than do it themselves, they’ve continued to call on the local handyman, fondly referred to as the white van man, to fix their bathroom taps.There were signs on Wednesday that that’s beginning to change.Fevertree Drinks Plc, maker of what Tatler magazine dubbed the ultimate mixers, said sales would be lower than expected this year while British home-improvement retailer Kingfisher Plc, owner of B&Q chain, said its third quarter was disappointing. Sales are even slowing at the previously fast-growing Screwfix, which primarily serves building professionals such as plumbers.They are not the only ones to bemoan the state of the British consumer.Both online appliance and electronics retailer AO World Plc and clothing and food stalwart Marks & Spencer Group Plc have cautioned that shoppers are behaving as if they are in a recession, despite wage growth running ahead of inflation and strong employment.For Fevertree, which rode the cocktail craze, the about turn has been particularly abrupt. Its shares reached an all-time high of almost 40 pounds in October last year on back of the gin boom. Up until this year, this had prompted the group to repeatedly increase its sales and profit forecasts.But fears have been mounting that we have reached “peak gin” with the shares almost halving from their high to about 21 pounds.Brits are still drinking when they go out to bars and clubs, but they’re not filling their shopping carts with the making for DIY cocktails. Part of the weakness is due to the comparison with summer 2018, when Britain was basking in a heatwave and enjoying a boost from England’s ride to the semi-finals of the World Cup soccer tournament.But it also reflects a more cautious consumer. With fewer reasons this year for a drink at home, more careful Brits don’t need as many mixers. And when they do have a tipple, they may choose a cheaper option than a pricey one made by Fevertree. That is not helped by increased competition such as a new premium mixer range from Schweppes, nor a general tendency by grocers to offer more promotions and discounts.Trading at Britain’s supermarkets has been subdued. While clothing retailers may have seen some revival in demand thanks to much colder weather than a year ago, that hasn’t been the case at the grocers. Supermarket sales were sluggish in October, according to data provider Kantar.Much will now depend on the crucial Christmas trading period. This year looks particularly challenging, given the uncertainty surrounding Brexit and the forthcoming general election, scheduled smack dab at the height of the holiday shopping season.As for Fevertree, with the slowdown in the U.K., it is under more pressure to develop its business in the U.S. The company forecasts that sales there will rise 34% this year. With the U.K. still accounting for about half of group revenue, clearly this is not enough to offset the domestic weakness.Even with the sell-off over the past 12 months, the shares still trade on a forward price-earnings ratio of over 30, an about 50% premium to the Bloomberg Intelligence global valuation peer group. Fevertree sees the slow-down in its home market as a short-term blip. But with such a fizzy valuation, there’s not much scope for further disappointment.It could be a dry January in more ways than one.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Why I believe Marks & Spencer shares could halve
    Fool.co.uk

    Why I believe Marks & Spencer shares could halve

    Marks & Spencer stock has already tumbled nearly 70%, but Michael Taylor believes they will fall a lot more.

  • Calling ISA investors! Is this 6% dividend yield a better buy than a Cash ISA?
    Fool.co.uk

    Calling ISA investors! Is this 6% dividend yield a better buy than a Cash ISA?

    Should you plump for a Cash ISA or use your money to buy this FTSE 250 dividend stock instead? Royston Wild gives the lowdown.

  • Will penny stocks or Bitcoin make you rich? I think you need to look at this!
    Fool.co.uk

    Will penny stocks or Bitcoin make you rich? I think you need to look at this!

    Don't be dazzled by the promise of spectacular short-term returns of Bitcoin or penny stocks, says Jonathan Smith.

  • Reuters - UK Focus

    UPDATE 1-Britain's B&M puts loss-making German business under review

    B&M European Value Retail wrote down the value of its loss-making German unit Jawoll and put it under review on Tuesday, sending shares in the British discounter sharply lower. Shares in B&M were down 7.4% at 0916 GMT, paring gains for 2019 to 24.3% as the performance in Germany overshadowed a solid first half from its main UK business. B&M, a general goods retailer selling everything from furniture to electricals to food, has grown rapidly.

  • Marks & Spencers share price drops 2%! Is now the time to buy?
    Fool.co.uk

    Marks & Spencers share price drops 2%! Is now the time to buy?

    After another set of disappointing results, is now the time to add some M&S shares to your trolley?

  • It Might Be Better To Avoid Marks and Spencer Group plc's (LON:MKS) Upcoming 2.1% Dividend
    Simply Wall St.

    It Might Be Better To Avoid Marks and Spencer Group plc's (LON:MKS) Upcoming 2.1% Dividend

    It looks like Marks and Spencer Group plc (LON:MKS) is about to go ex-dividend in the next 3 days. This means that...

  • At UK£1.91, Is Marks and Spencer Group plc (LON:MKS) Worth Looking At Closely?
    Simply Wall St.

    At UK£1.91, Is Marks and Spencer Group plc (LON:MKS) Worth Looking At Closely?

    Marks and Spencer Group plc (LON:MKS), which is in the multiline retail business, and is based in United Kingdom, saw...

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: Not a bad day

    * Earnings drive top movers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. European stocks edged higher today as investors found some comfort on a scaling-back of recession bets amid optimism about a China-U.S. trade deal. With this string of not-great but good-enough news, the Euro stocks index hit its highest since February 2018, while European blue chips had their best day in two years with the banking sector enjoying its best session in six months.

  • Breaking up is too hard to do, says M&S chairman
    Reuters

    Breaking up is too hard to do, says M&S chairman

    The idea of splitting British retailer Marks & Spencer into two companies - one for clothing and the home, and one for food - is "completely impractical" and not in the board's current thinking, Chairman Archie Norman said on Wednesday. The 135-year-old M&S set out on its latest transformation plan, after over a decade of false dawns, shortly after retail veteran Norman became chairman in 2017 to work alongside Chief Executive Steve Rowe, who has been with the company for 30 years and became its boss in 2016. In May last year, Norman targeted sustainable, profitable growth in three to five years and has been instrumental in speeding up the pace of change, separating the internal reporting of the clothing and home division and food business.

  • Reuters - UK Focus

    LIVE MARKETS-Italy, the contrarian 2020 bet?

    * Earnings drive top movers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Germany has long been dragging its feet on such a project that included a common deposit insurance scheme and clearly its new stance is a welcome development but, as always, there is a but and, of course, the devil is in the details.

  • Reuters - UK Focus

    LIVE MARKETS-Money for nothing in the age of rage

    * Earnings drive top movers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. A post by Ray Dalio's Linkedin (find it here: https://bit.ly/2qo3IdR ) is doing the rounds this morning, with the hedge fund billionaire putting his finger on the big debate raging around quantative easing and MMT amid growing global discontent. The theme, as it turns out, has emerged as a central topic in the Reuters Global Investment Outlook Summit.

  • Reuters - UK Focus

    LIVE MARKETS-Ray of hope for Europe: $1 trln flow into ESG funds by 2030

    * Earnings drive top movers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Yes, that massive amount of cash is likely to flow into ESG funds as the theme has become mainstream, especially in Europe.

  • £1,000 to invest? Here’s one turnaround stock I’d buy today, and one I’m still avoiding
    Fool.co.uk

    £1,000 to invest? Here’s one turnaround stock I’d buy today, and one I’m still avoiding

    Harvey Jones is on the turnaround trail with these two stocks, but only one meets his approval.

  • Reuters - UK Focus

    LIVE MARKETS-UK High Street: available at your local large, mid and small cap index

    * Earnings drive top movers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. It's a rare thing to witness: at one stage this morning, the UK high street theme was top of the FTSE 100, FTSE 250 and the British small cap index.

  • Reuters - UK Focus

    LIVE MARKETS-It's official: banks no longer Europe's worst

    * Earnings drive top movers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. It seems that all those brokers calling for investors to come back to the battered banking sector is having an effect! European banks have hit an early May peak this morning and are now up more than 6% year to date, leaving to Telecoms the trophy of worst sectoral performer.

  • Reuters - UK Focus

    LIVE MARKETS-Reading through Lagarde's poker-face Berlin speech

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reading through Lagarde's Monday speech in Berlin for policy clues was no easy task, not least because it officially wasn't about monetary policy. For her first official speech, the ex-IMF French chief chose to honour none other than Wolfgang Schaeuble, a monetary hawk who embodies, at least for a good chunk of the European left, Germany's hardcore orthodoxy on all things monetary and fiscal.

  • M&S Provides Glimmer of Hope as U.K.’s Retail Woes Deepen
    Bloomberg

    M&S Provides Glimmer of Hope as U.K.’s Retail Woes Deepen

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Marks & Spencer Group Plc’s efforts to turn around its troubled clothing business showed signs of life in the autumn, boosting the U.K. retailer after a weak first half of the year.The division’s full-price and planned promotional sales rose 2.7% in October, the company said Wednesday. The shares gained as much as 7.9% in early London trading, though they’re still down by about one-third over the past 12 months.The update follows a series of setbacks in M&S’s apparel business, where sales fell more than analysts expected in the first half even as the food unit beat estimates. The company has been trying for years to turn around the clothing arm, which has wrestled with problems ranging from an inadequate supply chain to a bloated real-estate portfolio that it’s pared back by closing dozens of stores.M&S’s report followed news late Tuesday that baby-products retailer Mothercare Plc is shutting its U.K. operations, threatening 2,500 jobs and adding to the toll on the country’s shopping streets. British retailers are in crisis as consumers defect to Amazon.com Inc. and political turmoil around Brexit undermines confidence.M&S’s October results provide a glimmer of hope, suggesting that recent supply-chain issues are under control and that customers liked the new ranges for autumn and winter, Morgan Stanley analysts including Geoff Ruddell said in a note.Product LineChief Executive Officer Steve Rowe said the October performance was driven by simplification of the product range and improved fit and style. But he cautioned that M&S is about 18 months behind schedule on its turnaround plan, and the clothing and home business remains a weak link.“There’s far-reaching change spanning every part of the business and the transformation is running at a speed and scale not seen before at M&S,” Rowe said on a call with reporters. “There’s a lot to do, and it will take some time.”M&S’s year has been marked by high-profile exits, with the head of clothing and chief financial officer leaving, while the shares dropped out of the benchmark FTSE 100 index. A tie-up with online food retailer Ocado Group Plc was unveiled as a key e-commerce driver, but questions remain over how transformative the deal will be.(Updates with CEO comments in sixth and seventh paragraphs)\--With assistance from Lisa Pham.To contact the reporters on this story: Eric Pfanner in London at epfanner1@bloomberg.net;Rebecca Smith in London at rsmith599@bloomberg.netTo contact the editors responsible for this story: Sunil Kesur at skesur@bloomberg.net, Anne PollakFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • M&S turnaround held back by falling clothing sales
    Reuters

    M&S turnaround held back by falling clothing sales

    Britain's Marks & Spencer reported a 17% drop in first-half profit, dragged down by falling clothing sales, but said it was confident it could fix its problems and return to growth, sending its battered shares higher. Shares in the 135-year-old M&S, one of the best known names in British retail, were up 3.2% at 1008 GMT, paring losses for the year to 35%, after it forecast improved second half trading and said its latest attempt at a turnaround was making progress. M&S set out on its "transformation" plan shortly after retail veteran Archie Norman became chairman in 2017 to work alongside CEO Steve Rowe, who has been with the company for 30 years and became its boss in 2016.

  • Reuters - UK Focus

    UPDATE 3-M&S turnaround held back by falling clothing sales

    Britain's Marks & Spencer reported a 17% drop in first-half profit, dragged down by falling clothing sales, but said it was confident it could fix its problems and return to growth, sending its battered shares higher. Shares in the 135-year-old M&S, one of the best known names in British retail, were up 3.2% at 1008 GMT, paring losses for the year to 35%, after it forecast improved second half trading and said its latest attempt at a turnaround was making progress. M&S set out on its "transformation" plan shortly after retail veteran Archie Norman became chairman in 2017 to work alongside CEO Steve Rowe, who has been with the company for 30 years and became its boss in 2016.

  • Reuters - UK Focus

    From beer to beauty, sales of vegan products surging with UK consumers fuelling the rise

    From vegan burgers to vegan boots, the market for products using no animal products is surging, with climate-conscious consumers in Britain fuelling the global dash to cash in on a fast- expanding range of ethical merchandise. With the 25th annual World Vegan Month starting on Nov. 1, Britain has overtaken Germany to become the nation with the highest number of new vegan food products launched in a year, according to market research firm Mintel. About 16% of food products launched in 2018 had a vegan claim, up from 8% in 2015, with the sector growing about 30 percent in the year to 740 million pounds ($955 million), the firm said.

  • Why I’d put Marks & Spencer shares in my shopping trolley
    Fool.co.uk

    Why I’d put Marks & Spencer shares in my shopping trolley

    Pam Spooner sees a buying opportunity in the Marks & Spencer share price currently.

  • Reuters - UK Focus

    Shipping companies, retailers look to develop cleaner marine biofuel

    Top shipping, retail and transport companies are looking to develop an alternative marine fuel which aims to reduce carbon emissions from ships, in another step to push the sector to go green. The IMO, a United Nations agency, has said it aims to halve greenhouse gas emissions from 2008 levels by 2050. Investor and activist pressure is prompting companies to look to speed up reducing the industry's carbon footprint.

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