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MarksAndSpencr Ord1P (MKS)

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20-Jun-2022 10:48 AM

IN BRIEF: Marks & Spencer hires Food unit chief after Machin promotion

Marks & Spencer Group PLC - London-based food and clothing retailer - Appoints Alex Freudmann as managing director of M&S Food. Freudmann will join M&S on November 1. He is currently managing director of the Australian liquor supermarket Da
01-Jun-2022 02:26 PM

UPDATE: Marks & Spencer buys back £350.3 million in shares

Marks & Spencer Group PLC - London-based food and clothing retailer - Repurchases £350.3 million in share buyback of notes. £100.6 million of 3% notes are due in 2023, while £249.7 million of 4.75% notes are due in 2025. ‘The s
01-Jun-2022 12:00 PM

IN BRIEF: Marks & Spencer tenders £350.3 million in share buyback

Marks & Spencer Group PLC - London-based food and clothing retailer - Tenders a total of £350.3 million in share buyback of notes. £100.6 million of 3% notes are due in 2023, while £249.7 million of 4.75% notes are due in 2025. &lsqu
25-May-2022 10:46 AM

TOP NEWS: Marks & Spencer swings to full-year profit on good recovery

Marks & Spencer Group PLC on Wednesday reported a swing to full-year profit, due to a good recovery in footfall. However, the London-based clothing, homewares and food retailer cautioned on profit in the year ahead, amid the war in Ukraine
19-May-2022 12:26 PM

UPDATE: Sainsbury's urges UK chancellor to launch online sales tax

Bosses at J Sainsbury PLC have urged the government to launch an online sales tax after rival Marks & Spencer Group PLC warned that such a measure could damage the high street. The contrasting calls come a day before the government is due t
19-May-2022 09:25 AM

PRESS: Marks & Spencer asks UK chancellor to reject online sales tax

Marks & Spencer Group PLC has reportedly warned the UK government that an online sales tax would do more harm than good for the high street. In February, the government launched a consultation into possibilities for an online sales tax to e
11-May-2022 06:39 PM

600 lines withdrawn from Irish stores due to Brexit, says M&S boss

Marks and Spencer Group PLC has had to withdraw about 600 lines of goods from its stores in the Republic of Ireland since Brexit, the House of Lords was told on Wednesday. Sacha Berendji, the retailer's Ireland and Northern Ireland directo
10-Mar-2022 02:41 PM

TOP NEWS: M&S promotes internally to replace departing CEO Steve Rowe

Marks & Spencer Group PLC on Thursday announced the departure of Chief Executive Officer Steve Rowe, making internal appointments to replace him as part of a ‘planned succession programme’. Rowe joined the London-based clothing,
26-May-2021 07:15 AM

Marks & Spencer losses mount as pandemic weighs, transformation grinds on

Clothing and food group Marks & Spencer posted yet another full-year loss as the pandemic weighed on sales and it continued attempts to transform a business pressured by online and fast-fashion retailers. Pre-tax losses for the 53 weeks through 3 April a
18-May-2021 01:08 PM

Joint COOs appointed for M&S

Marks and Spencer Group has appointed joint chief operating officers as it moves into the next phase of its transformation programme. Katie Bickerstaffe and Stuart Machin are jointly assuming the role of COO. Machin will continue as managing director of
22-Apr-2021 09:23 AM

M&S appoints Mars Food president as non-exec director

Marks and Spencer Group has announced that Fiona Dawson, currently global president of Mars Food, will be joining the board as a non-executive director from 25 May 2021. Ms Dawson is part of the Mars Incorporated leadership team, with global annual reve
08-Jan-2021 07:44 AM

Marks & Spencer sales drop 8% in third quarter

Marks & Spencer reported a slump in profits in the run up to Christmas as trading restrictions resulting from the Covid-19 pandemic continue to take their toll. The company said total group revenues fell 8.4% to £2.7 billion in the 13 weeks to 26
08-Dec-2020 01:51 PM

Outgoing Bupa CEO joining M&S board

Evelyn Bourke, the outgoing CEO of Bupa Group, is joining the board of Marks and Spencer Group from the 1st February 2021. Bourke is due to retire from Bupa in December and will join the audit and nomination committees when she joins M&S. As well as her
04-Nov-2020 07:29 AM

Marks & Spencer posts 16% first half revenue drop

Retailer Marks & Spencer saw revenue fall 15.8% in the six-month period to 26 September but hailed a 'robust performance' overall in the face of Covid-19. The company posted a statutory pre-tax loss of £87.6 million, down from a pre-tax p
15-Sep-2020 12:45 PM

Upbeat earnings and M&A drive solid gains for FTSE at lunchtime

The UK's leading stocks rallied through the late morning session on Tuesday as investors were lifted by positive earnings reports and the recent spate of takeover deals. In total the value of global merger and acquisition (M&A) deals this month is ap
18-Aug-2020 07:28 AM

Marks & Spencer to cut 7,000 jobs as sales continue to slide

Clothing and food retailer Marks & Spencer said it would cut 7,000 jobs, as it reported a slump in revenue at its clothing business. The positions would be cut over the next three months and would affect UK stores, regional management and the company&apo
15-Jul-2020 08:30 AM

Broker Forecast - Barclays Capital issues a broker note on Marks & Spencer Group PLC

Barclays Capital today reaffirms its overweight investment rating on Marks & Spencer Group PLC (LON:MKS) and cut its price target to 140p (from 155p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk..
03-Jul-2020 03:00 PM

Broker Forecast - Societe Generale issues a broker note on Marks & Spencer Group PLC

Societe Generale today reaffirms its hold investment rating on Marks & Spencer Group PLC (LON:MKS) and raised its price target to 102p (from 96p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
03-Jun-2020 11:10 AM

Broker Forecast - Jefferies International issues a broker note on Marks & Spencer Group PLC

Jefferies International today upgrades its investment rating on Marks & Spencer Group PLC (LON:MKS) to buy (from hold) and cut its price target to 160p (from 230p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesma
25-May-2020 01:10 PM

Broker Forecast - JP Morgan Cazenove issues a broker note on Marks & Spencer Group PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Marks & Spencer Group PLC (LON:MKS) and cut its price target to 170p (from 200p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
25-May-2020 01:00 PM

Broker Forecast - Barclays Capital issues a broker note on Marks & Spencer Group PLC

Barclays Capital today reaffirms its overweight investment rating on Marks & Spencer Group PLC (LON:MKS) and cut its price target to 155p (from 175p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk..
21-May-2020 11:50 AM

Broker Forecast - Berenberg issues a broker note on Marks & Spencer Group PLC

Berenberg today reaffirms its buy investment rating on Marks & Spencer Group PLC (LON:MKS) and cut its price target to 125p (from 135p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
20-May-2020 07:10 AM

Marks & Spencer profit slumps 20% as clothing sales sag

Clothing and food retailer Marks & Spencer posted a 20% drop in annual profit after clothing sales were crimped in the latter part of its financial year by the Covid-19 crisis. Pre-tax profit for the year through March fell to £67.2m, down from &po
13-May-2020 10:40 AM

Broker Forecast - UBS issues a broker note on Marks & Spencer Group PLC

UBS today reaffirms its neutral investment rating on Marks & Spencer Group PLC (LON:MKS) and cut its price target to 100p (from 205p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
12-May-2020 12:00 PM

Broker Forecast - Morgan Stanley issues a broker note on Marks & Spencer Group PLC

Morgan Stanley today upgrades its investment rating on Marks & Spencer Group PLC (LON:MKS) to overweight (from equal weight) and cut its price target to 160p (from 215p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sh

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