Food for thought from M&S as it abandons overseas ambitions
New boss Steve Rowe is shifting the emphasis even further on to food
Company
Marks and Spencer Group PLC
LON:MKS
Marks and Spencer Group is a retailer of clothing, food and home products in the United Kingdom. The Company has 622 stores, including Simply Food franchise stores, as well as an international business.
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Investments and investor services
FTSE 100 shares end firmer as Clinton seen ahead
FTSE 100 shares ended firmer on Tuesday as a last-minute rush to buy framed a session of cautious optimism in a victory for Hillary Clinton in the US presidential election
Never mind Clinton - is M&S planning shop closures?
Markets rallied strongly yesterday ahead of today's US presidential election, but they've called poll decisions incorrectly before
Week Ahead: US election takes centre stage
Aside from the election, several UK retailers have results due next week
FTSE 100 ends month lower despite WPP’s surge
FTSE 100 shares ended lower on Monday, despite a valiant surge from advertising behemoth WPP
FTSE 100 shares close above 7,000 after Tesco’s victory march
FTSE 100 shares closed back above 7,000 level on Friday after Tesco’s (LON:TSCO) trolley was ahead throughout the session.
Marks & Spencer could retest Brexit vote lows of around 250p says Zak Mir
The charts say Marks & Spencer could lose nearly a quarter of its value.
FTSE 100 misses out on record high close over Brexit, US rate fears
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear
Investments and investor services
FTSE 100 closes below 7,000 on Brexit and US jobs worries
IGas was on a charge after a milestone decision for the UK shale gas industry
FTSE 100 retreats as macro fears outweigh earnings news
The top-share index spurned another chance to hit an all-time high.
Builders and building materials
FTSE 100 rises on supermarkets, construction stocks
London’s blue-chip stocks rose and ended just shy of their highest point of Thursday, up 0.9% at 6,730 after gains by supermarkets as well building firms after the government’s nod to construction of nuclear power station Hinkley Point C
Marks & Spencer to cut 525 jobs in shake-up
Retail giant to overhaul head office and IT staffing
UK shares close lower, wary of Fed speech, pharma dragged down by Clinton remarks
London shares closed lower on Thursday, nestled in negative territory throughout the session, as investors turned wary ahead of Fed chair Janet Yellen’s speech at Jackson Hole on Friday and pharma stocks were singed by Hillary Clinton’s pro
London stocks fall as oil prices hit six-week highs
London blue-chip stocks closed at their session nadir on Tuesday and their lowest since Thursday as a miners’ rally failed to buttress the main line ticker as oil prices hit six-week highs in Europe
FTSE 100 marks time despite buoyant mining sector
Blue-chips are becalmed after opening lower, though mining stocks continue to provide some cheer
FTSE 100 drifts lower despite demand for miners
The top seven Footsie performers are all miners, with Antofagasta topping the list after its half-year update
London stocks mark fresh 14-month highs, buoyed by Wall St gains
London’s blue-chip and mid-cap indices marked a fresh 14-month high on Friday, fuelled by historic gains overnight by Wall Street
FTSE 100 rises on Friday but still some way off record pace
The blue chip benchmark opened on the back foot this morning.
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Brokers: ‘Painful transition’ for M&S
Barclays took opposing views on the futures of high street stalwarts compared with younger online retailers on Friday.
London stocks end mixed after dire PMI data but hopes of fiscal and monetary stimulus
London shares ended mixed on Friday after the first grim data since the Brexit vote pushed sterling lower, giving internationally-exposed blue-chip stocks a boost but punishing UK-centric midcaps
Falling pound buoys London equities
he FTSE 100 Index pared losses to stand 24.9 points ahead at 6724.8
Investments and investor services
FTSE 100 Index falls as UK manufacturing slumps
FTSE 100 falls 15.32 points as UK manufacturing data drops to lowest since April 2009
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Deutsche Bank sees haven in publishing stocks
A look at some broker upraded and downgraded on Friday
TRENDING: The power of Primark
It's an ill wind and all that ... AB Foods said that thanks to sterling's collapse, it no longer expects a decline in adjusted EPS this year
Marks & Spencer clothing sales nosedive in weak market
Clothing and home sales fell 8.3% and like-for-like sales fell 8.9% in a weak market
Preview: M&S and Sports Direct to test investors' patience
Investors in Marks & Spencer PLC (LON:MKS) will hope for news of a long-awaited upturn in the retailer’s clothing business when it updates on trading on Thursday.
Week Ahead: Housebuilders and retailers to face referendum grilling
Reports have suggested the EU referendum result is likely to depress house prices
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Brokers: BAE Systems knocked by downgrade
Small caps received the backing of brokers today as there were no upgrades for any major firms
London stocks edge higher ahead of EU Referendum Judgement Day
London’s stocks edged higher on Wednesday after a see-saw session one day ahead of polling in a historic referendum on the country’s future relations with the European Union
FTSE 100 advances in face of EU referendum uncertainty
Remain held in a narrow lead in the polls, but Brexit risk remains.
Jimmy Choo in vogue despite rivals' woe
Choo said 2016 trading was meeting hopes despite problems facing the industry
Ted Baker bucks high street trend with higher sales
Designer fashion house boosted revenue by 11.3% in the 19 weeks to June 11
Trending: Administrators kept busy at BHS and SeaEnergy
Is it time to revive the "unacceptable face of capitalism" line after the BHS debacle? Also featured: M&S, Goals Soccer Centres, Inter Milan, SeaEnergy and James Fisher
JP Morgan Cazenove downgrades its M&S recommendation
Shares in the British retailer dipped this morning as a heavyweight broker downgraded its recommendation, citing a "more competitive environment"
Investments and investor services
FTSE100 bounces back as oil tops US$50
The FTSE 100 Index was 61 points ahead at 6,246.51
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Marks dressed down by Deutsche
Marks shares tanked 8% on Wednesday as the firm warned that turning around its struggling clothing arm would hit profits
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JP Morgan Cazenove taps into Severn Trent's upside potential
Analyst Christopher Laybutt has repeated an 'overweight' stance and turned up the target price to 2,250p from 2,160p previously.
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M&S: Brokers give low marks and see few sparks
It is traditional for the new boss to lay it on a bit thick when it comes to assessing the difficult task ahead, but M&S CEO Steve Rowe may have called it like it is.
Takeover bid boosts Sweett Group as FTSE 100 Index keeps gains
The FTSE 100 Index kept most of its early gains, standing 33.8 points ahead at 6253 by lunchtime
BHS no longer the poor man's M&S now that M&S is
M&S slumps after CEO warns of long haul ahead for the clothing business. People still want to buy BHS for some reason. Also covered: Wizz Air, Eurasian Mining, CentralNic
Marks & Spencer shares dip on shake-up profit warning
Clothing like-for-like sales fell 2.7% in the fourth quarter and 2.9% for the year as a whole
Investments and investor services
FTSE 100 rises but investors desert Marks & Spencer
London's equities follow Wall Street and Asian stocks higher on Wednesday
Preview: Investors await update from new Marks boss
Investors hope Steve Rowe will outline fresh plans to revive beleaguered retailer
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Papers - Government failures to blame for PPI firms taking £5bn
A round up of some of the main themes in the UK papers
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Next forecasts lopped again after crazy April weather
Also featured: ITV, Clinigen, Breedon Aggregates
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Brokers: Royal Mail bag contains mixed views
Royal Mail, Go-Ahead, Boohoo.com, BP, Marks & Spencer...
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Halfords Group PLC – one positive quarter does not make a trend be – Liberum
Liberum slides under bikes, cars and maintenance firm Halfords Group PLC and repeats a 'sell', although the broker says there are some clear positives about the group, including a healthy balance sheet.
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Marks & Spencer PLC sparks mixed analyst reaction
Analysts provided mixed reaction to the trading update from High Street bellwether Marks & Spencer Group PLC today...
Marks & Spencer Group PLC's sales reverse not as bad as forecast
The sales reverse was not as bad as the market had been forecasting.
Week Ahead: Keywords Studios PLC going for new high score
The February trading update sent analysts scurrying to their calculators to upgrade their forecasts
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Brokers: Jefferies foresees fall in consumer confidence
Lots of dark clouds are gathering for retailers, judging by the latest retail review from Jefferies. Also covered: GlaxoSmithKline, Aureus Mining, Spire Healthcare Group
Investments and investor services
Takeover interest boosts London oil and food shares
Slovenia oil & gas group Ascent Resources soared on an approach from Cadogan Petroleum
Small caps heading higher as Footsie falls; Ascent Resources PLC takes podium
Small cap shares were beating Footsie at lunch with Ascent Resources PLC in keeping with the name, topping the London leader board.
GlaxoSmithKline PLC boss to quit in 2017 amid shake-up talk
Drug giant says Andrew Witty will go in March 2017
Investments and investor services
Aim 100 index halves week's losses
Aim's leading lights ended a rough week on a bright note
Small caps higher at lunch but blue chip brother higher
Junior oilers were making ground as small cap indices went higher but were still left in the rear view mirror by FTSE100.
Tesco's recovery drive produces festive cheer
Group like-for-like sales in the 19 weeks to January 9 rose 0.4%
Retail winners & losers: Sainsbury's, Dunelm, Ted Baker, Shoe Zone and Game Digital
Sainsbury dismayed City with lower same-store sales and lack of news on Home Retail
Sainsbury's falls as questions remain about Home Retail bid
Supermarket chain said like-for-like third quarter retail sales fell 0.4% excluding fuel
Retail winners and losers: Morrisons, Debenhams, Greggs, Boohoo.com and AO World
Morrisons and Debenhams emerged as the latest winners of the high street battle
Most followed: Christmas trading winners & losers
Christmas trading updates from the retailers come thick and fast. In the US, Detroit will be showcasing lots of horseless carriages, while investors can't get enough of Wishbone Gold.
Debenhams surprises with upbeat Christmas trading
Department store chain said fewer promotions and discounts lifted full-price sales by 5%
Investments and investor services
FTSE100 suffers triple digit loss
The FTSE100 ended the day around 130 points lower at 5,944, tumbling below 6,000.
M&S boss quits but challenges remain, say analysts
Chief executive Marc Bolland announced plans to retire in April
Shares crash despite talk of rival bid for Home Retail
Footsie fell to 5916, about 100 points away from lows not seen since last August
Perk up your portfolio
A light hearted look at shareholder perks that are available. Great news for beer swilling clothes horses in need of a telephone line rental.
Investments and investor services
China chaos causes market carnage in London
Footsie plunged after China's market regulators ended trading after just 30 minutes
M&S boss quits as festive clothing sales dip
M&S said its food business had an excellent third quarter to Boxing Day
Thursday's agenda: Marks & Spencer looks to reassure investors
Elsewhere, house builder Persimmon will update the market on its fourth quarter trading.
Archive
Barclays pharma experts bullish on Shire and Glaxo
Shares in drug giants Glaxo and Shire should stay in fine heath this year, Barclays says
Week Ahead: Retail dominates as Christmas sales are totted up
It’s retail all of the way this week as the heavyweights reveal how they fared over crucial Christmas week.
Archive
Brokers: ASOS to top the retail tree over Christmas
ASOS, Boo and SuperGroup to have full stockings, while M&S, Halfords and SPorts Direct may be disappointed says Peel Hunt
Investments and investor services
Brokers: Mixed day for the retailers
Dixons Carphone and Dunelm were given the thumbs up, while Kingfisher and next were downgraded by broker Nomura
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Week Ahead: Retail sector delivers Chirstmas verdict
Sector bellwether John Lewis saw a 2.3% jump year-on-year to £129.2mln in the week to Boxing Day, which was ahead of expectations.
Archive
Brokers: Retailers. Betfair, Lloyds Banking, Talk Talk
Betfair gets an upgrade to buy from hold from Deutsche Bank, which raised its price target to 4,200p.
Retailers had a cautious Black Friday amid Christmas sales fears
Consumer electronics chains reduced discounts during this year's bargain-fest
John Lewis to expand into the Netherlands
What's Dutch for middle class? The "never knowingly undersold" retailer is to become the "Netherlands knowingly undersold"
Archive
Brokers: Centrica and SSE get Goldman red ink treatment
Glencore updared, while Cantor remains sanguine on house stocks APC and OPG
Investments and investor services
Weir upgraded by RBC, but BoA ML and JP Morgan disagree
Weir was among the few true upgrades and downgrades on Wednesday, meanwhile Just Eat, Regus were also in the broker spotligh along with Anglo American, Antofagasta and other mining majors
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FTSE 100 driven higher by miners and retailers
It is still the worst performing blue-chip this year, but Glencore looks to be on the comeback trail
M&S and miners help London market to build on gains
The FTSE 100 Index rose 69.53 points to 6453 as investors cheered M&S
M&S and miners combine to lift London shares
M&S was high in the Footsie risers as the index gained 57 points to 6440
M&S clothing sales dip again but market sees bright side
M&S sales rose 1.4% to £5bn while underlying pre-tax profit lifted 6.1% to £284mln
British Gas in latest UK data breach alert
Cyber security appears to be the watchword(s) this week as British Gas, owned by utility giant Centrica, became the latest UK company to announce a data breach.
Investments and investor services
London palm oil stocks are under-priced, broker says
MP Evans, DekelOil, Tullow, Cairn, EnQuest, SOCO, Standard Chartered, and Marks & Spencer are in Thursday’s broker spotlight
Investments and investor services
FTSE100 ends higher despite BoE global growth concern
Caution on the growth outlook and the lack of any increase in the number of hawks on the committee makes a rate hike this year unlikely
Marks & Spencer a 'sell' as clothing ranges spark concern
Marks’ clothing has been a problem child for some while, but despite better trading conditions and easier comparatives the broker is concerned M&S has again missed its straps.
Investments and investor services
Risers & Fallers: Motive Television, SeaEnergy, Fastjet, Weir Group and more
Below are the main news-driven share price movements at 4pm.
Archive
Acacia Mining’s “wafer thin” margin has gone, broker says
Acacia Mining, Marks & Spencer, Sports Direct, Hammerson, Shaftesbury, and Fidessa were all in Wednesday’s broker spotlight.
FTSE 100 notches triple digit gain as Yellen lightens mood
A rally in Germany by Volkswagen and other car groups also helped the mood across Europe.
Archive
FTSE 100 jumps as Yellen reassures
London blue chips roared away as investors took some comfort from US Fed boss Janet Yellen’s latest thoughts.
FTSE 100 surrender's the week's (modest) gains
Investors are taking money off the table ahead of the long weekend, and it is hard to blame them after a tumultuous week.
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FTSE100 closes lower as traders lack direction
FTSE100 closed lower on Thursday as the mood was one of caution...
Investments and investor services
Top flight shares pare gains on lower oil prices and UK retail sales
Falling oil stocks weigh on markets as crude prices drop
Investments and investor services
FTSE 100 higher as Greece banks get ECB cash
German parliament signed off on the £60bn rescue package last week.
Monday's most followed: Barclays, Greece, Travelodge...
FTSE100 higher but gold price tanks as Greece situation eases
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FTSE100 closes down as investors weigh up macro issues
Britain's top share index closed around 21 points down as traders mulled over Greece, potential UK interest rate rises and the US economy.
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FTSE 100 drops 15 as rate hikes move nearer
The pound rose on the back of the comments from Bank of England governor Mark Carney.