|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||5.30 - 5.36|
|52-week range||5.17 - 8.34|
|Beta (3Y monthly)||1.40|
|PE ratio (TTM)||111.67|
|Forward dividend & yield||0.36 (6.64%)|
|1y target est||N/A|
Dixons Carphone plans to accelerate its response to a rapidly changing mobile phone market after reporting a 22% slump in annual profit and warning of another big fall in the current year, hammering its shares. Shares in Britain's biggest seller of electricals and mobile phones, which trades as Currys, PC World and Carphone Warehouse in the UK, opened at a 10-year low on Thursday after it forecast profit for the current year would be nearly a third lower than the market had expected. Dixons Carphone has been damaged by a shift in the mobile phone market as customers keep their handsets for longer, choose cheaper SIM-only deals, and turn to more flexible credit-based offers.
Britain's food and grocery industry is forecast to grow by 12.5% to 217.7 billion pounds ($272.8 billion) by 2024, driven by the online and discounter channels, researcher IGD said on Thursday. It said online will be the fastest growing channel, with growth in value of 43.8% to 16.7 billion pounds in the next five years, just ahead of discounters, which are forecast to grow 40.2% to 34.3 billion pounds. IGD said online's market share will increase to 7.7%, while discounters' will rise to 15.8%.
* STOXX 600 flat * Hopes of trade deal, dovish Fed limiting losses * Saga sinks as tour operator warns on Brexit * Colruyt has worst day ever after warning June 19 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. 1&1 Drillisch, the German telco newcomer which benefited from the 5G auction last week, jumped another 9.5% to the top of the STOXX, while Colruyt has had its worst day ever, dropping 15.5% after the Belgian food retailer warned of a deterioration in the economic climate in France and Belgium.
Britain's main index slipped on Wednesday, weighed down by miners after Rio Tinto cut its forecast for shipments from an Australian region, while sterling's gains ahead of Bank of England meeting dragged down exporters. The FTSE 100 index dipped 0.5%, its worst fall this month, while the FTSE 250 midcap index was down 0.3%.
Britain's mid-cap index slipped on Thursday as Boris Johnson, a prominent Brexiteer, emerged as the clear favourite to succeed Theresa May as Prime Minister after the first round of a ballot of Conservative lawmakers. The FTSE 250 fell 0.4%, its worst day in more than a week.
The U.S. online giant is expanding its alliance with Wm Morrison Supermarkets Plc to offer groceries in more cities across the U.K. The move puts more pressure on rival grocers, including market leader Tesco, to ramp up their own online operations in one of the world’s foremost e-commerce battlegrounds. Amazon and Morrison plan to introduce Prime Now same-day delivery service to cities including Glasgow and Liverpool this year, Morrison said.
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.
FTSE 100 retail stock Marks and Spencer Group plc (LON:MKS) has been hit harder than most by the decline of the high street.
Marks and Spencer Group plc’s (LON: MKS) share price fell to multi-year lows recently, but that’s not enough incentive for me to buy it yet.
Philip Green's Arcadia fashion group adjourned Wednesday's creditor meetings to vote on the struggling British retailer's restructuring plan until June 12, seeking more time to win over disgruntled landlords and avoid a collapse into administration. Green needs his restructuring proposals for each of Arcadia's brands - Topshop, Topman, Burton Menswear, Dorothy Perkins, Evans, Miss Selfridge and Wallis - to be approved by creditors, including landlords, or the group, which employs 18,000, will likely be placed into administration.
Marks and Spencer Group plc (LON:MKS) and easyJet plc (LON:EZJ) could be heading for the drop in the FTSE 100 (INDEXFTSE:UKX) summer reshuffle.
The outlook for these FTSE 100 (INDEXFTSE:UKX) companies is deteriorating rapidly and Rupert Hargreaves would sell before it's too late.
This FTSE 100 (INDEXFTSE: UKX) stock saw its share price slashed last week. Could there be more horrors lurking in the cupboard?
Tesco plc (LON: TSCO) pulls out of mortgages, while Marks and Spencer Group plc (LON: MKS) slashes its dividend. Do those make compelling reasons to invest?
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.
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.
I’m avoiding the shares of Marks and Spencer Group plc (LON: MKS) and hunting for investments in better companies.
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 ...
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.
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.
* 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 ...
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.