M&S and Next shares slump after H&M results underline tough retail market
H&M posted a 4% drop in fourth quarter sales as it struggled to adapt to the online trend
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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FTSE 100 ends at high point of the day but just short of 7,500
A slump in the value of the pound was, as usual, a signal for investors to pile into FTSE 100 stocks
Investments and investor services
FTSE 100 finishes in the red as BoE keeps rates on hold
FTSE 100 closed down over 48 points at 7,448., while FTSE 250 shed over 55 to 20,006
M&S long-run earnings unlikely to grow, says Goldman Sachs as it cuts target price
M&S is said to be considering pulling out of building projects across the UK as it tries to turn around the business
FTSE 100 closes higher; miners lag and Brexit wranglings continue
FTSE 100 closed over 38 points higher on the day to 7,338; FTSE 250 shares added over 81
FTSE 100 closes higher as pound firms; Shire top riser
The latest ONS data showed that retail sales grew 0.3% in October - ahead of the 0.1% economists had expected - which has boosted the blue chip retailers
Marks & Spencer finance chief steps down as it reports decline in first half profits
M&S reported a 0.3% drop in first half like-for-like sales, with declines in its food and clothing division
Investments and investor services
FTSE 100 closes in positive territory amid lacklustre US trade, crude higher
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...
Archive
M&S to announce further store closures at first half results as clothing division struggles persist
The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
FTSE 100 closes at new record high as pound firms, US stocks gain
After a record close on Friday, Monday was always likely to get off to a slow start although it has picked up as the day has worn on...
Archive
M&S and Sainsbury's take centre stage as BoE interest rate hike excitement dies down
The week ahead includes earnings from M&S, Sainsbury's, ABF, Direct Line, Wetherspoon and AstraZeneca while macro-economic announcements will be thin on the ground
Debenhams battered by Liberum rating downgrade, cautious trading update from high street peer Next
Liberum’s analysts cut their stance for Debenhams to ‘sell’ from ‘hold’ with a reduced target price of 40p, down from 58p, after concluding that the group’s “fundamentals do not appeal"
M&S loses its director of clothing and beauty, Jo Jenkins to privately-owned clothing chain White Stuff
Jenkins departed after just six months in the role, and only weeks after former Halfords' boss Jill McDonald took up the new position of Managing Director, Clothing, Home & Beauty at M&S on October 2
M&S and Tesco ready meals supplier Bakkavor to float on London Stock Exchange
Bakkavor will float about 25% of its capital on the LSE in a deal that could value it at up to £1.5bn
M&S launches online shopping delivery service
“We have started two small food online trials with selected Sparks members as we explore what works for our customers”
Investments and investor services
FTSE 100 closes a tad lower as focus turns to Fed
Sterling's strength weighed on FTSE 100 stocks today
Investments and investor services
FTSE 100 closes firmly lower as pound strengthens; Next surges
Sterling surged past US$1.33 shortly after the Bank of England voted in favour of keeping interest rates at 0.25%, with analysts describing the move as a 'hawkish hold'
Halfords names boss of Dixons Carphone's software business as its new CEO from January next year
The FTSE 250-listed retailer said Stapleton will succeed Jill McDonald who is leaving Halfords to run Marks & Spencer PLC's clothing business
Halfords gains as cycling and motoring retail sales see boost from "staycation summer"
Halfords said its cycling like-for-like sales increased by 5.2%, reflecting good growth in sales of premium bikes, with electric bikes and cycle repair services also highlights
FTSE 100 closes in red as Wall Street tumbles
The FTSE 100 closed lower as one analyst reckoned the market was earlier just supported by short covering.