Food inflation helps UK grocers to deliver record Christmas sales but caution remains over general merchandise
Top spot in the Proactive grocer awards goes to Morrisons, while there was only real candidate for the wooden spoon – M&S
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 shares retreat on drop in UK food and clothing sales over Christmas
The retailer reported a 1.4% drop in total UK like-for-like sales in the 13 weeks to December 30
FTSE 100 closes at third successive new high but retailers lag
FTSE 100 closed in London around 14 points higher at 7,762
Marks and Spencer poaches group finance director of Dixons Carphone to be its chief financial officer
The high street stores giant said Humphrey Singer will take up his appointment on a date to be confirmed. He will replace Helen Weir who, as previously announced, is leaving M&S on March 31 to pursue a portfolio career
Investments and investor services
How will Tesco and Marks and Spencer follow Morrison Supermarkets and J Sainsbury’s when they report on Thursday?
Tesco, Marks & Spencer and ASOS are next on the agenda.
Eat my shorts: Morrisons gives short sellers a lesson after strong Christmas trading news
According to the website www.shorttracker.co.uk, Morrisons is the seventh-most shorted stock in the UK – meaning traders are betting that the share price is primed to fall - with some 11.5% of its shares on loan, according to publicly decla
Joules bucks high street gloom as sales soar over Christmas
Debenhams and Mothercare have both complained about a slowing UK consumer environment, but there were no such issues for clothing retailer Joules
FTSE 100 reaches new closing high with supermarkets in support
London's top tier index reached a new record high on Tuesday, led by supermarket shares
FTSE 100 closes in red as Wall Street comes off recent highs
London's top tier index closed down nearly 28 points at 7,696
Archive
Updates from UK food retailers on the menu, as well as high street stalwart M&S in coming week
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
FTSE 100 pops higher again to another record close
It was another quiet day in London but also another record close
Aldi's 2017 sales top £10bn for the first time after record Christmas
Aldi plans to continue its expansion in the UK after opening 76 stores last year
Investments and investor services
FTSE 100 feeds off Wall Street rally to close near 7,700
If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
Next's Christmas surprise lifts UK retail stocks ahead of slew of festive trading updates
An unexpected rise in Next's sales over Christmas boosted shares of other UK retailers due to post similar trading statements over coming weeks
Investments and investor services
FTSE 100 closes higher; Next keeps festive cheer rolling
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
Brexit could hamper turnaround of Carpetright and other UK retailers, says Deutsche Bank
Deutsche Bank downgraded its rating on Carpetright but upgraded ASOS as it took a look at the European non-food retail sector
ASOS upgraded by Deutsche Bank as part of New Year review of retail sector
Deutsche Bank has identified a number of themes for the retail sector: continue to favour online clothing sellers over bricks & mortar operations; beware of "value traps" and turnaround plays
M&S sells Hong Kong and Macau stores to franchise partner as part of overhaul
The deal comes as M&S works to turnaround the business following a slump in clothing sales
FTSE 100 closes in red as UK manufacturing growth slows more than expected
The FTSE 100 gave up some of the gains made on its recent record-breaking run, with the pound's rise partially to blame
FTSE 100 and FTSE 250 set new record highs on first trading day after Christmas
For the 29th year in the past 34, the blue chips have closed up on the first trading day after Christmas...