|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||7.45 - 7.52|
|52 Week Range||6.00 - 8.49|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||156.35|
|Forward Dividend & Yield||0.35 (4.62%)|
|1y Target Est||9.65|
Ocado Group Plc, which said its pretax loss on Tuesday surged, wants to extricate itself from at least part of the U.K. grocery business. It’s not hard to see why the company’s CEO, Tim Steiner, would want to move away from the daily grind of online grocery to concentrate on the whizzy technology arm. It is not clear what form a transaction would take, but one option would be for M&S to provide some of the food sold by Ocado once the latter’s contract with Waitrose expires in September 2020.
British blue-chip shares surged to their highest in nearly three months on Tuesday as heavyweight BP doubled its annual profit and miners rallied on higher iron ore prices while a weaker pound was also supportive. The midcap index also touched its highest since November with a 0.8 percent rise. Export-focused blue chips including British American Tobacco , GlaxoSmithKline and AstraZeneca rose on the weaker pound.
The U.K. online grocer signed a number of technology licensing agreements in 2018, including a mammoth partnership with Kroger Co. in which the U.S. supermarket chain agreed to buy a stake. Talk that Ocado might sign up M&S has circled over the past week amid U.K. press reports. “It is our business to talk to retailers, but we never comment on who we are talking to,” Chief Executive Officer Tim Steiner said on a media call.
Britain's food supply could be seriously disrupted if it leaves the EU without a deal, a lobby group representing Sainsbury's, Asda, McDonald's, KFC and other firms said on Monday. Problems would be particularly acute around March, when Britain is scheduled to quit the bloc, and when most of its produce from lettuces to tomatoes is out of season, with a higher percentage imported, the British Retail Consortium (BRC) added.
“We think the urgency to act is high,” it adds, mentioning the bank’s share price performance and profitability among the negatives. “Strategic optionality is limited given depressed profitability,” it says. 1151 GMT - Kering’s “Italian tax saga” is unlikely to end with the Italian Revenue Agency’s decision, but shouldn’t put earnings estimates at risk, Berenberg analysts say after an audit concludes the company owes EUR1.4 billion in unpaid taxes.
European shares opened in negative territory on Monday as optimism about the end of the U.S. government shutdown faded and investors braced for an eventful week with key votes on Brexit, Sino-U.S. trade talks and a Federal Reserve policy decision. "Investors may want to stay cautious ahead of what is going to be a busy week with Central bank speeches, the Brexit vote in the UK Parliament and several important data releases in the U.S." wrote ActivTrade analyst Pierre Veyret. Another strong loser was Alstom, which fell 2.1 percent after the French group and Germany's Siemens offered new concessions to try to satisfy antitrust concerns of the European Commission for their plans to create a joint European rail champion.
Here's a summary of some of the sectors and stocks in the United Kingdom that are gaining and losing from May's big Brexit deal loss.
British shares turned around on Thursday to end the session at their highest in over a month as investors shrugged off a lack of detail from Sino-U.S. trade talks and weak news from the high street that renewed worries about the retail sector. European and Asian markets suffered an initial fall when the world's two largest economies failed to give concrete details of efforts to end their trade war, and on growing concerns of political instability in the United States. President Donald Trump stormed out of talks with Democratic congressional leaders on Wednesday over funding for a border wall with Mexico and reopening the government.
The U.K. fashion and food retailer said total revenue from its U.K. business in the 13 weeks ended Dec. 29 was 2.78 billion pounds ($3.55 billion), down 2.2% on a like-for-like basis. Marks & Spencer said its clothing-and-home division saw revenue drop 4.8%, or 2.4% on a like-for-like basis, to GBP1.1 billion. Including international operations, total revenue fell 3.9% to GBP3.04 billion, Marks and Spencer said.
Company invites individual and institutional investors, as well as advisors, to log-on to view the presentation LONDON , Nov. 19, 2018 /CNW/ -- Marks & Spencer plc (MKS) (OTCQX: MAKSY), today announced ...
Company invites individual and institutional investors, as well as advisors, to attend interactive, real-time virtual event LONDON , Nov. 12, 2018 /CNW/ -- Marks & Spencer plc (MKS), UK retailer (UK: ...
NEW YORK , Nov. 6, 2018 /CNW/ -- Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ("dbVIC") on November 14 th and 15 th , featuring live webcast ...
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India is a country renowned for its bustling tech start-up scene. But it's the hospitality industry that's making waves with workers, according to LinkedIn's list of top start-ups in India to work for in 2018.
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Marks and Spencer Group plc (LON:MKS) as an investment opportunity byRead More...
British retailer Marks & Spencer has recruited a senior Loblaw executive to be its new digital boss, it said on Wednesday. The clothing and food group said Jeremy Pee, currently senior vice president of Loblaw Companies Limited, Canada's largest retailer, has been appointed to the new role of chief digital & data officer and will join on Dec. 3. Last November M&S set out a five-year transformation program, targeting to make at least a third of its sales online.
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Marks and Spencer Group plc (LON:MKS), with a market cap of UK£4.89b,Read More...
British retailer Marks & Spencer (LSE:MKS.L - News) said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market. The job losses, first reported by The Guardian, will be mainly in various store management roles and are unrelated to M&S' program to close 100 UK stores by 2022 which has already cost some jobs. "M&S is transforming and this is a tough but necessary decision to take to ensure our stores support the future of the business and provide the best service for our customers," a spokeswoman for the retailer said.
Markets in Europe started Tuesday’s trade on a higher note as investors focused on upcoming corporate earnings and put trade and political tensions aside.
In March 2018, Marks and Spencer Group plc (LSE:MKS) released its latest earnings announcement, which suggested that the business endured a major headwind with earnings falling by -78.05%. Below isRead More...