MA6.F - Marks and Spencer Group plc
| Previous close | 2.3720 |
| Open | 2.3740 |
| Bid | 2.3630 x 200000 |
| Ask | 2.4330 x 200000 |
| Day's range | 2.3740 - 2.3740 |
| 52-week range | 2.3720 - 3.4490 |
| Volume | 1,000 |
| Avg. volume | 304 |
| Market cap | 4.915B |
| Beta (3Y monthly) | 1.29 |
| PE ratio (TTM) | 98.92 |
| EPS (TTM) | 0.0240 |
| Earnings date | N/A |
| Forward dividend & yield | 0.15 (5.91%) |
| Ex-dividend date | 2019-05-30 |
| 1y target est | N/A |
- Reuters - UK Focus•yesterday
BUZZ-Tesco's "Finest" store plan bites Marks & Spencer
- Bloomberg•10 days ago
Ocado Invests in Indoor Farming in Step Beyond Grocery Tech
The company said Monday it bought a 58% stake in Jones Foods Co., Europe’s largest operating vertical farm, based in Scunthorpe, England. Ocado will use its know-how in automation and distribution to make the herb grower more efficient and potentially integrate it with Ocado Zoom to deliver fresh products to customers within an hour. “Vertical farming has always been on our wish-list for a lot of strategic reasons, but we were really busy doing other core things,” Stewart McGuire, Ocado Group’s head of corporate development, said in an interview.
- Reuters•27 days ago
M&S pension scheme transfers 1.4 billion pounds to two insurers
British retailer Marks & Spencer's pension scheme has transferred a total of 1.4 billion pounds ($1.77 billion) in liabilities to two insurance groups Pension Insurance Corporation (PIC) and Phoenix, the insurers said on Thursday. British companies are increasingly offloading risks linked to their pension schemes to specialist insurance companies, partly because of increased life expectancy. PIC is insuring 900 million pounds in liabilities of the 10 billion pound Marks & Spencer Pension Scheme in its first transaction with the scheme, it said in a statement.
- Reuters - UK Focus•28 days ago
M&S pension scheme transfers 1.4 bln pounds to two insurers
British retailer Marks & Spencer's pension scheme has transferred a total of 1.4 billion pounds ($1.77 billion) in liabilities to two insurance groups Pension Insurance Corporation (PIC) and Phoenix, the insurers said on Thursday. British companies are increasingly offloading risks linked to their pension schemes to specialist insurance companies, partly because of increased life expectancy. A company's pensions obligations sit on its balance sheet and can limit its financial options, so often boards seek to pass on the burden.
- Reuters•29 days ago
Never mind the profit fall, M&S says, focus on the changes
By James Davey LONDON (Reuters) - Marks & Spencer asked to be judged on how fast it is changing as much as its financial results on Wednesday, as the British clothing and food retailer reported a third ...
Reuters•29 days agoBrexit worries hit domestic stocks but sterling slide lifts FTSE 100
The main index, whose companies earn more than two-thirds of their profit from abroad, ended 0.1% higher, while the more domestically-focused FTSE 250 slipped 0.7%. A slump in sterling lifted internationally-exposed companies GlaxoSmithKline, Unilever and AstraZeneca, the biggest boosts to the FTSE 100. Stocks most sensitive to the any increased risk of a hard Brexit stumbled after multiple media reported rumours May's ministers could oust her in a row over her latest deal to exit the European Union.
Sky News•29 days agoM&S plots food store growth as annual sales and profits fall
Marks & Spencer (M&S) has made a series of adjustments to its store closure programme as annual results show sales and profits falling. M&S updated investors on its transformation programme which aims to see M&S become a "digital first" retailer but maintaining a strong store presence. M&S faced a backlash from investors in February when it announced a £750m deal with Ocado to secure home deliveries of its food for the first time.
- Reuters - UK Focus•29 days ago
LIVE MARKETS-Closing snapshot: IG Group soars, Brexit-sensitive stocks bruised
* European shares down 0.1%; FTSE up 0.1% * Wall Street edges lower on fresh trade concerns * Marks & Spencer top loser in Europe after results * Brexit-sensitive stocks hit as political turmoil deepens ...
- Bloomberg•29 days ago
Marks & Spencer Challenges Supermarkets With Big Food Stores
Marks & Spencer Group Plc plans to open more large food stores, shifting away from a strategy of expanding smaller convenience outlets as it prepares for an alliance with online grocer Ocado Group Plc. The prospect of another costly store revamp as profit falls weighed on the U.K. retailer’s shares, which declined as much as 5.4% on Wednesday. Marks & Spencer said a 601 million-pound ($763 million) shareholder rights issue to finance the Ocado deal was fully underwritten.
- Reuters - UK Focus•29 days ago
Sterling slide boosts FTSE 100, discounted rights issue knocks M&S
The exporter-heavy FTSE 100 index gained on the back of a weaker pound on Wednesday as lawmakers signalled they would not back Prime Minister Theresa May's latest Brexit compromise, while Marks & Spencer slumped after a discounted rights issue. The main index, whose companies get more than two-thirds of their profit from abroad, advanced 0.6% by 0727 GMT while the more domestically-focussed FTSE 250 was up 0.1%. Internationally-exposed companies British American Tobacco , Unilever and Diageo were among the biggest support to the blue-chip index.
- Sky News•29 days ago
M&S sales and profits fall as store closure plan adjusted
Marks & Spencer (M&S) has made a series of adjustments to its store closure programme as annual results show sales and profits falling. It reported like-for-like sales at its food halls declining by 2.3% over the 12 months - by 1.5% when the timing of Easter was factored in. M&S updated investors on its transformation programme which aims to see M&S become a 'digital first' retailer but maintaining a strong store presence.
- Reuters•last month
M&S to feel transformation pain before profit recovery
Profit at Marks & Spencer is expected to fall for the third year in a row next week, with underlying sales poised to slip as the British retailer works through a painful "transformation plan". M&S set out on its latest turnaround, which follows a decade of failed reinventions, shortly after retail veteran Archie Norman joined as chairman in 2017 to work alongside Steve Rowe, who became chief executive in 2016 and has been with the company for almost three decades. M&S wants to make at least a third of its clothing and home sales online by 2022 and as part of its transition struck a 1.5 billion pound online food joint venture with Ocado in February, giving it a home delivery service from September 2020 at the latest.
- Reuters - UK Focus•last month
Britain's M&S to feel transformation pain before profit recovery
Profit at Marks & Spencer is expected to fall for the third year in a row next week, with underlying sales poised to slip as the British retailer works through a painful "transformation plan". M&S set out on its latest turnaround, which follows a decade of failed reinventions, shortly after retail veteran Archie Norman joined as chairman in 2017 to work alongside Steve Rowe, who became chief executive in 2016 and has been with the company for almost three decades. The 135-year-old mainstay of British shopping streets said in May last year it was targeting sustainable, profitable growth in three to five years by closing weaker stores, re-shaping its clothing and food businesses, cutting costs and investing in technology.
- Reuters - UK Focus•2 months ago
BUZZ-Marks & Spencer: CS cuts, says crunch time for Food
** Credit Suisse downgrades Britain's Marks & Spencer to "underperform" from "neutral" ** In Feb, M&S and Ocado announced an online food joint venture that would allow M&S to sell its ...
- Reuters•4 months ago
M&S food to go online in $2 billion Ocado joint venture
Britain's Marks and Spencer and Ocado launched an online food joint venture on Wednesday, belatedly giving M&S a home-delivery service while netting $1 billion for its fast-growing technology providing partner. M&S, Britain's best-known stores group, has lagged rivals in tapping into Britain's fastest growing grocery area, which industry researcher IGD expects to expand by 52 percent over the next five years to 17.3 billion pounds. Under the deal, Ocado's retail arm will become a joint venture with M&S, which will pay 750 million pounds ($1 billion) for its half share.
- Reuters - UK Focus•4 months ago
M&S food to go online in $2 bln Ocado joint venture
Britain's Marks and Spencer and Ocado launched an online food joint venture on Wednesday, belatedly giving M&S a home-delivery service while netting $1 billion for its fast-growing technology providing partner. M&S, Britain's best-known stores group, has lagged rivals in tapping into Britain's fastest growing grocery area, which industry researcher IGD expects to expand by 52 percent over the next five years to 17.3 billion pounds.
- Reuters - UK Focus•4 months ago
European shares snap 3-day winning streak as Beiersdorf, Air France sink
European shares fell in early deals on Wednesday, snapping a three-day winning streak amid growing India-Pakistan tensions, and a warning from Beiersdorf hammered consumer staples stocks while Air France-KLM and Marks & Spencer sank. The pan-European STOXX 600 index closed down 0.3 percent, having touched its highest level since the beginning of October on Tuesday.
- Reuters - UK Focus•4 months ago
UK's M&S seals Ocado tie-up to take food online
British retailer Marks & Spencer (M&S) has agreed a joint venture with online supermarket pioneer Ocado that would give M&S a full online food delivery service for the first time, the companies said on Wednesday. Under the deal M&S, Britain's best-known stores group, will buy a 50 percent share of Ocado’s UK retail business for up to 750 million pounds ($994 million). M&S said it will finance the deal from a rights issue of shares to raise up to 600 million pounds.
Sky News•4 months agoM&S seeks online grocery lifeline with Ocado venture talks
To judge from the share price reaction in both companies, investors in Ocado and Marks & Spencer love the idea of the pair setting up a retail joint venture, with shares of the former rising by 11.7% and the latter by 3.24%. The joint venture is one of a number of possible options that were under discussion when, at the end of January, M&S and Ocado were first reported to be holding talks. Other scenarios were said to range from M&S signing up as a partner with Ocado, in the way the online company currently has an agreement with Morrisons, to a full-blown purchase of Ocado's vans and distribution centres by M&S.
- Reuters•4 months ago
M&S in tie-up talks with Ocado to take its food online
British high street chain Marks & Spencer (M&S) is in talks with Ocado to form a joint venture that would give M&S a full online food delivery service for the first time, sending shares in both companies surging on Tuesday. Britain's best known store group and the online supermarket pioneer released short statements confirming discussions after London's Evening Standard newspaper said M&S was set to pay ˜˜£800-£900 million for a 50 percent stake in a combined online retail business. One source with knowledge of the situation indicated the cost to M&S would be lower.
