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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

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Wednesday's agenda: Marks & Spencer set to report improvement in full-year numbers

Marks & Spencer will send out its full-year figures tomorrow, with many expecting a new strategy plan to mark the five-year anniversary of Marc Bolland as chief exec.

Analysts also expect the firm to report a 4% rise in annual pre-tax profits to £648mln on Wednesday.

Broker Nomura reckons that shareholders might even be in line for a £250mln special dividend.

The retailer’s food division has largely been the success story of the group, with the clothing division traditionally a drag on the overall performance.

However, last month M&S said that its spring and summer clothing collections had been well received by shoppers.

Bolland has made it a priority to improve the notoriety of the clothing arm, especially the womenswear operation.

“The aim is to compete with high street fashion houses and move away for the supermarket image,” said David Madden, analyst at spread betting company IG Group

Meanwhile, Bolland is expected to focus on a healthier line of foods amid growing pressure on the UK supermarket sector.

Marks and Spencer’s is at the higher end of the spectrum, while Sainsbury’s, Tesco and Morrisons fighting it out with Aldi and Lidl.

Wednesday

Interims

Britvic (LON:BVIC), Zoopla Property Group (LON:ZPLA), Thomas Cook (LON:TCG)

Finals

Marks & Spencer (LON:MKS), Pennon Group (LON:PNN), Cable & Wireless Communications (LON:CWC), Quantum Pharma (LON:QP), Great Portland Estates (LON:GPOR), Intermediate Capital (LON:ICP)

Economic data: Norwegian GDP, Euro Area construction output, US Fed minutes

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