Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Marks & Spencer Grp (MKS)

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Thursday 10 April, 2014

Marks & Spencer Grp

Trading Statement

RNS Number : 5139E
Marks & Spencer Group PLC
10 April 2014
 



 

 

Issued: 10 April 2014

 

 

MARKS AND SPENCER GROUP PLC

QUARTER 4 2013/14 TRADING STATEMENT

13 weeks to 29 MARCH 2014

 

'Improved Performance In Clothing'

 

 

·    Group sales1 +1.9%

·    UK: total sales +1.5%, like-for-like -0.2%

·    Food2: total sales +2.5%, like-for-like +0.1%

·    GM: total sales +0.2%, like-for-like -0.6%

·    Clothing: total sales +1.3%, like-for-like +0.6%

·    M&S.com +12.5%

·    International sales1 +4.7%

 

1Stated on ex-VAT and constant currency basis. International sales at actual currency were +2.1% on year for the quarter.

2 Adjusting for impact of later Easter timing, total Food sales were +4.2%, like-for like +1.8%

 

 

Marc Bolland, Chief Executive said:

"We delivered another quarter of improvement in General Merchandise. Clothing sales were up 1.3% in total, up 0.6% on a like-for-like basis. We are encouraged by Womenswear, which is showing clear signs of improvement and performed ahead of Clothing.

 

"Our Food business had another great quarter, especially considering the later timing of Easter. This marks our 18th consecutive quarter of growth. We continued to outperform the market with record sales around key events including Valentine's Day and Mother's Day."

 

Trading summary

In General Merchandise, we delivered another improved performance against a backdrop of high levels of discounting in the market. In Clothing, following a better performance over Christmas, our Womenswear business continued to strengthen, delivering a good like-for-like sales performance during the quarter. Customers are responding well to our re-focus on quality and style. Sales of M&S Collection in Womenswear, which was re-launched last Autumn, were notably up on last year. Our new Spring/Summer collection has been well received, with customers noticing the improving style credentials.

 

Our Food business had a great quarter, against tough comparatives. We outperformed the market once again. Customers continued to recognise our unrivalled quality and provenance and also turn to us for special events, such as Valentine's Day, with a record number of Dine In deals sold, and Mother's Day, which produced a record day on chocolates and flowers.  We are well set up for the coming Easter season, a third of the range is new this year and we have more choice than ever before.

 

This quarter we successfully completed the migration of our website from Amazon onto our new platform. Despite this major change, M&S.com delivered a good performance with total sales up 12.5%. We managed the transition cautiously, reducing our usual level of marketing activity in order to ensure a smooth migration. In May we will launch a new external marketing campaign to promote the site.

 

The International business continues to perform well. Our priority markets delivered a strong performance with strong growth in India, in our flagship stores in China and in the Gulf. We are pleased with the performance in Western Europe, with good improvement in Greece and Czech.

Guidance

We expect the full year gross margin in Food to be slightly ahead of previous guidance. As a result of a highly promotional market, we now expect the second half General Merchandise gross margin to be down, in line with the first half of the year. As a result, we expect the full year UK gross margin to be down c. 20 bps.

 

Outlook

Despite some improvement in consumer confidence, we remain cautious about the outlook. Our focus is on continuing to transform Marks & Spencer into an international, multi-channel retailer.

Marks and Spencer Group plc will report its full year results 20 May 2014.

 

Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences and prospects are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect Marks & Spencer's current expectations concerning future events and actual results may differ materially from current expectations or historical results. Any such forward-looking statements are subject to various risks and uncertainties, including failure by Marks & Spencer to predict accurately customer preferences; decline in the demand for products offered by Marks & Spencer; competitive influences; changes in levels of store traffic or consumer spending habits; effectiveness of Marks & Spencer's brand awareness and marketing programmes; general economic conditions or a downturn in the retail or financial services industries; acts of war or terrorism worldwide; work stoppages, slowdowns or strikes; and changes in financial and equity markets.

 

 

For further information, please contact:

 

Investor Relations:    

Majda Rainer                         +44 (0)20 8718 1563

Helen Cox                              +44 (0)20 8718 8491

 

Corporate Press Office:       +44 (0)20 8718 1919

Out of hours calls:                  +44 (0)20 8718 2000

 

 

 

- Ends -


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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