Marks and Spencer downgraded by broker as upside looks limited
"The easy lever of outsized earnings surprises on depressed multiples has been pulled"
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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M&S to enter clothing rental market
The trial signifies the companies first steps in the rental market as it attempts to stay ahead of its competitors
Marks & Spencer set for FTSE 100 comeback
The retailer’s shares surged after it upgraded full-year guidance and announced a return to profit in the first half
Will M&S's long-awaited online progress force Primark to revisit its bull-headed stance?
Primark parent AB Foods says staying offline gives it much higher profit margins than its rivals
Marks and Spencer raises forecasts, swings back to profit above pre-COVID-19 levels
The retailer expects strong demand to keep up, driven by both the bounce back after lockdowns and improved customer perception of the brand
M&S says Christmas comes early as festive shoppers fret over empty shelves and rising prices
Consumers are worried about possible shortages following warnings about the availability of some products, including food and toys
Marks and Spencer makes convincing case at its capital markets day
The broker said value for money at M&S is better than it has been for many years in both parts of the business
Marks & Spencer says adieu to France amid “near impossible” supply chain
Post-Brexit complexities have resulted in an ongoing impact against the performance of the retailer's business in France.
Marks and Spencer may have finally cracked it with new clothing collection
The ‘Anything but ordinary’ Autumn/Winter range will feature knitwear, Mom and Boyfriend style jeans, padded coats and jumpers, with a “more casual & colourful” style than usual
Marks & Spencer shares jump on upgrade to buy from UBS
The reshaping of Marks is just starting says the Swiss bank
Marks and Spencer expects food import issues when Brexit rules toughen
A grace period on food imports checks is set to end on 1 October
Is it time to fill your basket with shares in UK apparel companies? See what this leading bank has to say Next, Marks & Spencer, Boohoo and ASOS
Deutsche Bank made a host of initiations across the sector. Oddly, the number crunchers there appear to like the UK groups on its shopping list
Marks & Spencer has best day in years as surprise update impresses City
Food revenue outperformed with M&S reporting 10.8% growth over last year
M&S raises profit guidance after strong start to the year
The retailer now expects full-year profits at the upper end of previous guidance of £300mln-£350mln
Can Marks & Spencer catch the retail reopening tailwind?
Rivals have been falling like ninepins during the pandemic
Pingdemic: M&S and CBI urge government to ease isolation rules as shops, pubs forced to shut
Pub company Greene King said it has been forced to close 33 pubs in the past week due to staff self-isolating
Hardware & electrical equipment
AMD to fund £2mln of research into sustainable nanomaterial tech at Sussex uni
The company has previously used graphene based conductive ink technology developed by the university to help Marks & Spencer cut the amount of plastic clothes tags it sends to landfill
Marks & Spencer plan is credible and coherent, City broker says
The retailer has announced a restructuring of its store portfolio while online growth is a key part of the strategy
Marks & Spencer swings to full-year loss, says unclear how recovery will develop
Trading for the first six weeks of the new financial year has been ahead of the same period in 2019 and of guidance
Archive
M&S, British Land and SSE dominate mid-week results diary
Other companies in the diary for Wednesday include Intertek and banknote printer De La Rue