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Marks and Spencer Group plc (MKS.L)

LSE - LSE Delayed price. Currency in GBp
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100.45-1.55 (-1.52%)
At close: 4:35PM BST
Full screen
Previous close102.00
Open103.20
Bid100.85 x 0
Ask101.15 x 0
Day's range1.03 - 104.28
52-week range1.03 - 236.50
Volume11,982,873
Avg. volume12,753,468
Market cap1.962B
Beta (5Y monthly)1.26
PE ratio (TTM)83.71
EPS (TTM)1.20
Earnings date04 Nov 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date14 Nov 2019
1y target est294.84
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  • Bloomberg

    Infarm Raises $170 Million For Vertical Farming Expansion

    (Bloomberg) -- Infarm said it attracted $170 million in the first close of a fundraising round to help the farming tech company expand globally, as investors pile cash into the emerging industry that’s experienced a surge of interest during the Covid-19 pandemic.The Berlin-based company expects the round to ultimately exceed $200 million, Infarm said in a statement on Thursday.Infarm grows crops in controlled indoor environments and uses less water, land and pesticides than traditional farming methods. This approach can also aid food supply chain fragility, a problem highlighted by panic buying this year, as crops are grown close to the people eating them.“The coronavirus pandemic has put a global spotlight on the urgent agricultural and ecological challenges of our time,” said Infarm Chief Executive Officer Erez Galonska. “It allowed us to attract high-profile investors and show that what we can offer to the market is here to last.”The new equity and debt investment was led by London-based LGT Lightstone Europe LLP, with further backing from venture capital firms Hanaco Ventures, Bonnier Ventures and Atomico.Infarm expects its farming network to grow to more than 5 million square feet by 2025 from 500,000 square feet by the end of 2020. It has partnerships with more than 30 retailers including Marks & Spencer Group Plc and Selfridges & Co. The company deploys its modular farms, growing herbs and other produce, inside grocery stores.The funding will be used to expand its regional and local network and complete a new generation of vertical, cloud-connected farms. “This round is going to enable us to execute against all the backlog of contracts that we signed with the leading retailers,” Galonska said in a phone interview.“It’s meaningful that they can raise for a business like this,” said Hiro Tamura, partner at Atomico. “It’s not a small progress point.”Both Atomico and Infarm declined to comment on the company’s valuation.High-profile investments into vertical farming have ramped up throughout the pandemic, such as with Ocado Group Plc, which increased its stake in Europe’s Jones Food Company to about 70% from 58%.(Updates with Ocado in final paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Coronavirus: European retailers see dramatic gains as sentiment rebounds
    Yahoo Finance UK

    Coronavirus: European retailers see dramatic gains as sentiment rebounds

    Two key European retailers saw dramatic gains on Tuesday following their change in strategy amid COVID-19.

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