MA6.F - Marks and Spencer Group plc
| Previous close | 3.58 |
| Open | 3.49 |
| Bid | 3.51 x 200000 |
| Ask | 3.61 x 200000 |
| Day's range | 3.49 - 3.50 |
| 52-week range | 2.99 - 4.10 |
| Volume | 120 |
| Avg. volume | 482 |
| Market cap | 5.593B |
| Beta | 0.99 |
| PE ratio (TTM) | 166.67 |
| EPS (TTM) | 0.02 |
| Earnings date | N/A |
| Forward dividend & yield | 0.21 (6.11%) |
| Ex-dividend date | 2018-05-31 |
| 1y target est | N/A |
Reuters•yesterdayBritain's M&S to cut 351 store jobs
British retailer Marks & Spencer (MKS.L) said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market. The job losses, first reported by The Guardian, will be mainly in various store management roles and are unrelated to M&S' program to close 100 UK stores by 2022 which has already cost some jobs. "M&S is transforming and this is a tough but necessary decision to take to ensure our stores support the future of the business and provide the best service for our customers," a spokeswoman for the retailer said.
Reuters•yesterdayM&S to cut 351 store jobs
British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market. The job losses, first reported by The Guardian, will be mainly in various store management roles and are unrelated to M&S' programme to close 100 UK stores by 2022 which has already cost some jobs. "M&S is transforming and this is a tough but necessary decision to take to ensure our stores support the future of the business and provide the best service for our customers," a spokeswoman for the retailer said.
- Reuters - UK Focus•yesterday
Britain's M&S to cut 351 store jobs
British retailer Marks & Spencer (Frankfurt: 534418 - news) said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market. The job losses, first reported by The Guardian, will be mainly in various store management roles and are unrelated to M&S' programme to close 100 UK stores by 2022 which has already cost some jobs. "M&S is transforming and this is a tough but necessary decision to take to ensure our stores support the future of the business and provide the best service for our customers," a spokeswoman for the retailer said.
Sky News•5 days agoShares in fashion retailer ASOS tumble 11% on growth warning
ASOS (LSE: ASC.L - news) , the online fashion retailer popular among 20-somethings, has warned its full-year sales growth will be at the "lower end" of expectations. ASOS expects full-year sales growth to be "towards the lower end" of a 25% to 30% range. Despite missing the forecast, ASOS and rival Boohoo have benefited as consumers move away from traditional high street retailers in favour of shopping online.
- Reuters - UK Focus•6 days ago
ASOS blames warehouse ramp-ups for sales growth miss
British online fashion retailer ASOS (LSE: ASC.L - news) missed analysts' forecasts for sales growth in its latest trading period, saying it had reined in marketing efforts as it focused on ramping up warehousing space in Germany and the United States. Listed on London's junior AIM market, ASOS shares had risen 13 percent in the year to Wednesday's close, and the stock had been trading at 67 times forecast earnings, one of the highest multiples in the sector, giving little margin for error. ASOS, which sells fashion aimed at twentysomethings, said total retail sales rose 22 percent to 802.7 million pounds in the four months to June 30 - below analysts' average forecast for growth of 25.8 percent and the 27 percent growth it reported in the first half.
- Reuters•7 days ago
M&S chairman tells investors there's no quick fix
Shareholders in Marks & Spencer (MKS.L) should not be overly concerned about its financial results over the next two years because those numbers are not that important to the clothing and food retailer's future, its new chairman told them on Tuesday. Retail veteran Archie Norman joined M&S as chairman in September last year and two months later the company detailed its latest attempt at a turnaround after more than a decade of failed reinventions. The plan included a five-year programme of store closures and relocations to cut excess selling space in its clothing business, increased technology investment and moves to make a misfiring food business more competitive.
- Reuters - UK Focus•7 days ago
M&S chairman tells investors there's no quick fix
Shareholders in Marks & Spencer (Frankfurt: 534418 - news) should not be overly concerned about its financial results over the next two years because those numbers are not that important to the clothing and food retailer's future, its new chairman told them on Tuesday. Retail veteran Archie Norman joined M&S as chairman in September last year and two months later the company detailed its latest attempt at a turnaround after more than a decade of failed reinventions. The plan included a five-year programme of store closures and relocations to cut excess selling space in its clothing business, increased technology investment and moves to make a misfiring food business more competitive.
- Reuters - UK Focus•8 days ago
Soccer-England fans don waistcoats ahead of semi-final against Croatia
To support England's bid to win a first World Cup since 1966. To wear a waistcoat for Wednesday's semi-final match against Croatia. It might sound a stretch, but some England fans want matchday in Moscow dubbed 'Waistcoat Wednesday' in tribute to manager Gareth Southgate, who has taken to wearing a waistcoat on the touch-line along with suit trousers and a dress shirt and tie.
Sky News•15 days agoFormer Royal Mail boss Adam Crozier takes top Asos post
Adam Crozier, the former chief executive of ITV (Frankfurt: A0BLQP - news) and Royal Mail Group, has been named the next chairman of Asos (LSE: ASC.L - news) , the British online fashion retailer. Sky News reported on Monday how he had been identified by AIM-listed Asos's board as the leading candidate to replace Brian McBride, its chairman since 2012, who will step down in November.
- Reuters - UK Focus•15 days ago
UK's ASOS names former ITV boss Crozier as next chairman
British online fashion retailer ASOS said on Tuesday Adam Crozier, the former boss of broadcaster ITV, will succeed Brian McBride as its chairman. Crozier, the current chairman of hotels-to-coffee-chain ...
Sky News•15 days agoCrozier fashions new role as chair of online titan ASOS
Adam Crozier, the former chief executive of ITV (Frankfurt: A0BLQP - news) and Royal Mail Group, is being lined up as the next chairman of Asos (LSE: ASC.L - news) , the British online fashion sensation. Sky News has learnt that Mr Crozier has been identified by AIM-listed Asos's board as the leading candidate to replace Brian McBride, its chairman since 2012.
- Reuters - UK Focus•21 days ago
UK's John Lewis warns on profit and 'no deal Brexit' chaos
John Lewis Partnership warned of a big fall in annual profit on Wednesday, deepening a crisis in Britain's department store sector, and said chaos could ensue if the country crashed out of the European Union without a deal. A string of UK store groups have gone out of business or announced shop closures this year as they struggle with subdued consumer spending, rising labour costs, higher business property taxes and growing online competition, particularly from Amazon.
Sky News•24 days agoPrivatised training firm Learndirect sold in last-ditch rescue deal
A little-known education entrepreneur has swooped to seal an audacious takeover of Learndirect, Britain's biggest provider of apprenticeships and adult training services. Sky News can reveal that Dimensions Training Solutions (DTS (Frankfurt: 892495 - news) ) struck a deal on Saturday (Shenzhen: 002291.SZ - news) to acquire Learndirect in a deal which will preserve roughly 1,000 jobs and the training courses of thousands more people. The acquisition will be transformational for DTS, which is part of a wider group owned by Stonebridge Colleges, a mini-conglomerate in the further education sector.
- Reuters•27 days ago
M&S, Microsoft sign artificial intelligence deal
LONDON (Reuters) - Britain's Marks & Spencer (MKS.L) has signed a strategic partnership deal with Microsoft (MSFT.O) to test the integration of artificial intelligence technologies into the retailer's ...
Reuters•27 days agoUK's M&S, Microsoft sign artificial intelligence deal
Britain's Marks & Spencer has signed a strategic partnership deal with Microsoft to test the integration of artificial intelligence technologies into the retailer's stores and operations, it said on Thursday. ...
- Reuters - UK Focus•27 days ago
UK's M&S, Microsoft sign artificial intelligence deal
Britain's Marks & Spencer has signed a strategic partnership deal with Microsoft to test the integration of artificial intelligence technologies into the retailer's stores and operations, it said on Thursday. ...
- Reuters - UK Focus•27 days ago
Fixing UK's Dixons Carphone to take years, new boss warns
Turning around the fortunes of Dixons Carphone (Frankfurt: CWB.F - news) , the British electricals and mobile phone retailer, will take years, its new boss said on Thursday, with annual profit set to tumble again in 2018-19. The group, which trades as Currys PC World and Carphone Warehouse in Britain and Ireland (Other OTC: IRLD - news) , reported a 24 percent slump in 2017-18 profit and forecast it would crash a further 21 percent in the current year. Dixons Carphone has suffered this year from a deteriorating electricals market at home and tougher conditions in the mobile market as customers keep their handsets longer.
- Reuters - UK Focus•29 days ago
UK's Debenhams cuts profit forecast again, may sell Danish stores
British department store chain Debenhams (Frankfurt: D2T.F - news) cut its profit forecast for the third time in six months on Tuesday and said it might sell its Danish shops to bolster its finances and help cope with an industry crisis at home. Department stores appear particularly vulnerable, with Bhs going bust in 2016 and House of Fraser announcing plans earlier this month to shut around half of its shops. Shares in Debenhams fell as much as 19.4 percent, taking year-on-year losses to over 60 percent, after the firm slashed its full-year profit forecast, blaming heavy discounting by rivals and weakness in key markets, including beauty products.
- Reuters - UK Focus•last month
Tesco raises pressure on rivals with new price cuts
A new drive to cut food prices boosted Tesco (Frankfurt: 852647 - news) 's quarterly sales, turning up the heat on rivals three years after Britain's biggest retailer started work on a turnaround plan. Shares in Tesco rose as much as 3 percent on Friday after the group also said it was delighted with initial progress at wholesaler Booker, which it acquired in March, and was on track to deliver its medium-term financial targets. The group's robust update contrasted with the problems of Britain's wider retail sector, which has seen a raft of failures this year.
- Reuters - UK Focus•last month
Sterling falls as dollar is lifted by U.S. retail sales
Sterling fell to a seven-day low on Thursday as the dollar rallied broadly on robust U.S. retail sales and the euro floundered. The pound had climbed to a five-day high in early trading after UK retail sales data beat expectations, suggesting the economy may be recovering from a slump in early 2018. UK retail sales jumped for a second month in a row in May, far outstripping expectations, as a royal wedding and warm weather helped shoppers to put a sharp winter slowdown further behind them.
- Reuters - UK Focus•last month
Britons go on spending spree to mark royal wedding, sunshine
British retail sales jumped for a second month in a row in May as a royal wedding and warm weather helped shoppers put a winter slump further behind them, according to data that showed much stronger spending ...
- Reuters - UK Focus•last month
UK's N Brown looks to close all 20 stores and move online
British clothing retailer N Brown Group Plc said on Thursday it was looking to close all its stores and move entirely online, the latest in a string of chains cutting back their High Street presence due to the tough retail environment. Many British retailers, including Marks & Spencer (Frankfurt: 534418 - news) and House of Fraser, are shutting shops in the face of competition from online retailers such as Amazon, a squeeze on consumer budgets and a change in Britons’ spending habits away from fashion and toward holidays and entertainment. N Brown (LSE: BWNG.L - news) , which targets women over 30 and specialises in larger sizes, said it was considering closing its last 20 stores, due to a disappointing number of shoppers.
Sky News•last monthPoundworld collapse leaves 5,100 jobs at risk
Bargain retailer Poundworld has crashed into administration putting 5,100 jobs at risk after last-ditch rescue talks failed. The collapse, confirmed on Monday after it was first reported by Sky News , was blamed on the "extremely challenging" retail environment. Deloitte, which had been coordinating efforts to find a solvent deal, will oversee the administration process for the business, which is based in Normanton, West Yorkshire.
- Reuters - UK Focus•last month
Britain's Poundworld goes into administration, putting 5,100 jobs at risk
British discount retailer Poundworld has gone into administration, putting 5,100 jobs at risk and becoming the latest victim of brutal trading conditions in the UK retail sector. Business services firm ...
- Sky News•last month
5,000 retail jobs at risk as Poundworld rescue talks collapse
More than 5,000 high street jobs will be thrown into fresh doubt on Monday when Poundworld crashes into administration following the failure of last-ditch rescue talks. Sky News has learnt that the bargain retailer is set to become the biggest chain by number of employees this year to fall into insolvency, just over three months after the same fate befell Maplin and Toys R US UK. Deloitte, which has been co-ordinating efforts to find a solvent deal for the business, is expected to oversee the administration of Poundworld.