Associated British Foods “sweeter than it seems”, says Deutsche Bank
Following AB Foods’ trading update yesterday, the German banking giant reiterated its buy recommendation and 3,200p target price
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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Marks & Spencer: City split on the outlook for the retailer even after better-than-expected festive performance
Of the 15 analysts logged as following Marks, seven are ‘sellers’ of the stock, while only four hold ‘buy’ recommendations. The remainder have ‘neutral’ calls.
M&S up as it posts first quarterly rise in clothing sales in nearly two years as Christmas trading smashes forecasts
The high street stores group said its clothing & home like-for-like sales rose by 2.3% in the 13 weeks to December 31, smashing market expectations for a 0.2% rise.
FTSE 100 shares hit 11th successive record high as sterling dips
FTSE 100 shares did it again on Thursday – the 11th successive record high close – as turbulence in sterling finally gave in to a further steady decline and helped push stocks higher. All except retailers, that is
Day ahead: Christmas retail merry-go-round continues with M&S, Primark-owner AB Foods, and Tesco
After Next kicked off the sector Christmas updates with a profit warning last week, shareholders should be more nervous on what M&S and Primark will deliver.
FTSE 100 hits 10th successive record high close
FTSE 100 shares appear positively related to the Nasdaq as the London ticker again hits a fresh record high on Wednesday - its tenth successive
Archive
Trending - Lloyds edging back to private hands and Aldi popping corks on Christmas sales
A look at some of the hot, trending stories of the day
FTSE 100 hits fresh record high as sterling sags
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
Week ahead: Blizzard of trading updates to show the icy front on UK high streets
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
FTSE 100 in positive territory, Panmure spike a mystery
Footsie was expected to hit another high today, but it has not happened yet
FTSE 100 stocks hit fresh record before slipping as US stocks turn soft
The FTSE 100 index reached a new peak of 7,211.96 today, exceeding the level it hit on Tuesday, the first session of 2017, and was up 19 points at 7,209 at 3.30pm.
Woolly jumper needed: Cold wind blows through clothing sector after Next warns on profits
Next's latest gloomy trading update wiped more than 10% off a share price that had already slumped by a third in 2016.
Broker comment weighs on specialty chemicals company Elementis
Elementis shares fell nearly 4% after German bank Berenberg cut its rating to ‘hold’ from ‘buy’, with the downgrade largely made on a valuation basis.
FTSE 100 closes firmer, small-caps mark fresh record high, but retailers drop
FTSE 100 stocks closed firmer on Wednesday but a grim outlook for 2017 from Next plc left retailer shares in the bargain bucket
FTSE 100: the good, the bad, and the ugh!
It was a fantastic year for the miners, less so for the airlines and the retailers.
Marks and Spencer looking for new chairman, with Robert Swanell to retire in 2017
The retail giant said its senior independent director, Vindi Banga will lead the process to identify and appoint the next M&S chairman.
Mining minnows North River Resources and Amur Minerals see some pain
Shares in North River Resources dropped 10% as it said that it has completed drilling on the Namib project in Namibia but it is not expecting a lift in the amount of indicated mineral resources until more drilling has been undertaken
Sell Marks & Spencer says gloomy Investec
The target price is cut to 290p from 315p and the recommendation is now sell.
FTSE shares end flat despite resources stocks early lift
FTSE 100 stocks closed flat on Monday despite an early sprint by mining and energy stocks. Meanwhile, fund manager Henderson Group had sobering news for investors seeking dividend income