Marks and Spencer Group PLC (LSE:MKS) should go into next week’s AGM on top form, according to analysts at Deutsche Bank.
“Management track record is building. The blocks for the market outperformance M&S is delivering now were put in place from 2018.
At its last update, JD Sports Fashion PLC did not provide the most bullish of guidance, couching a hesitant 'on track' outlook with an emphasis on the volatile market backdrop.
Last night's warning from Nike that upstart rivals were starting to take larger chunks out of its sales has already led to worries about the impact for stockists such as the FTSE 100 retailer, for which the US sportswear giant is a hugely important partner.
After UK economic growth in the first quarter of 2024 was revised higher, economists and analysts said it was good news for whoever is Prime Minister after next week's election but could make the Bank of England wait longer before cutting interest rates.
Gross domestic product was revised up to 0.7% quarter-on-quarter, the Office for National Statistics revealed, from its previous estimate of 0.6%.