Capital & Regional in talks with struggling Debenhams about store re-sizing
Capital & Regional said weaker sentiment in retail assets led to a 4.5% decrease in the value of its portfolio in the second half.
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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Bakkavor confirms full year expectations in “robust” update
In a full year trading update, the group said like-for-like revenues had risen 3.2% compared to 2017
Marks & Spencer names latest 17 stores earmarked for closure
The retailer wants to take a third of its business online, so it is planning to close more than 100 stores over the next few years which should leave it with a smaller, better-located estate
How JD Sports bucked the high street doom and gloom once again
Analysts reckon it’s a combination of factors, although most of thing come back to the same thing: JD sells things that today’s youth want to buy
Investments and investor services
FTSE 100 closes lower as Chinese data and Brexit weighs
Footsie closed down over 63 points at 6,855 on the day
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
Archive
Moss Bros to wrap up busy week of Christmas trading updates from high street retailers
The day includes trading updates from retailers Moss Bros and AO World, plus UK gross domestic product data and US inflation figures
M&S posts poor Christmas trading but keeps full year guidance as turnaround on track
“The combination of reducing consumer confidence, mild weather, Black Friday, and widespread discounting by our competitors made November a very challenging trading period,” said chief executive Steve Rowe
Archive
FTSE 100 closes higher as Wall Street shares mixed; optimism over trade talks fades
The Footsie has been dipping below and above the 6,800 mark throughout the day
Don’t expect much festive cheer in M&S’s Christmas trading update
Clothes sales have long been poor but a recent slowdown in the previously resilient food division has spooked investors
Archive
Debenhams set to disappoint again on Thursday
“Debenhams hasn’t updated on trading since 25 October and we know from many of its competitors that November was a terrible month for retailers and December is also likely to have been a struggle”
Morrisons to slash prices as German discounter Aldi reports record Christmas
Aldi sold almost £1bn worth of food and drink in the run-up to the holiday season, and Morrisons has responded by slashing the prices of more than 900 products
Investments and investor services
FTSE 100 closes lower after struggling to gain ground all day
The FTSE 250 on the other hand, a better gauge of UK companies, added over 180 points at 17,976
Archive
Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Investments and investor services
FTSE 100 finishes in red on China worries and as US benchmarks tumble
The UK blue-chip benchmark finished around 41 points lower at 6,692
M&S balanced on a knife-edge ahead of upcoming trading news with ASOS update unsettling
On January 10, we’ll find out just how kind or terribly unforgiving the market has been to Marks & Spencer - it will also represent a key make-or-break milestone for its chief executive Steve Rowe
Marks & Spencer investors braced for a tough Christmas after ASOS warning
With consumer confidence at its lowest ebb for almost a year, just what is in store for M&S
Archive
FTSE 100 closes lower as US sinks with Santa rally looking a vague memory
At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
Former Sainsbury's boss Justin King returns to M&S as a director to aid turnaround
Justin King led the development of the M&S Simply Food convenience format during his time as director of food at the retailer
Marks & Spencer downgraded to ‘Sector Perform’ by RBC amid challenging outlook for food business
The bank said they did not expect food sales to regain momentum until “well into next year” given “price deflation in an inflationary sector” and the retailer choosing to promote less at a time when the sector is becoming “more promotional”