IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 288.30
Bid: 289.80
Ask: 290.10
Change: -0.50 (-0.17%)
Spread: 0.30 (0.104%)
Open: 289.10
High: 291.70
Low: 287.70
Prev. Close: 288.80
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

M&S's non-food sales fall for 11th straight quarter

Thu, 10th Apr 2014 06:14

LONDON, April 10 (Reuters) - British retailer Marks &Spencer's non-food sales fell for an eleventhconsecutive quarter, the firm said on Thursday, increasing thepressure on management to explain why heavy investment has notyet delivered an anticipated turnaround.

The UK's biggest clothing retailer, which also sellshomewares and food, said sales of non-food products, spanningclothing, footwear and homewares, at stores open over a yearfell 0.6 percent in the 13 weeks to March 29, its fiscal fourthquarter.

That compared with analysts' forecasts in a range of down0.5 percent to 1.5 percent, a third quarter decline of 2.1percent which included the key Christmas period, and a fall of3.8 percent in the same period last year.

Within the non-food like-for-like figure M&S said clothinglike-for-like sales rose 0.6 percent.

M&S's food business, which contributes over half of groupsales but less profit, is performing better, though even heregrowth slowed.

Its sales on the same basis rose 0.1 percent versusanalysts' forecasts in a range of flat to up 0.5 percent and athird quarter rise of 1.6 percent.

M&S's performance was held back by Easter not falling in itsfourth quarter, as it did last year.

Adjusting for the impact of later Easter timing,like-for-like food sales were up 1.8 percent M&S said. (Reporting by James Davey; editing by Kate Holton)

More News
15 Aug 2023 07:20

London pre-open: FTSE 100 to bounce off one-month low

(Sharecast News) - London stocks were set for a slight rebound on Tuesday morning after falling to a one-month low, as investors digested some key data from the UK labour market, and a surprise rate cut in China overnight.

Read more
15 Aug 2023 07:01

M&S lifts guidance as food, clothing sales surge

(Sharecast News) - UK food, clothes and homewares retailer Marks & Spencer on Tuesday lifted guidance for half-year profits after strong sales growth in the first 19 weeks of its financial year, sending its shares soaring.

Read more
1 Aug 2023 09:24

LONDON BROKER RATINGS: JPMorgan cuts L&G, St James's price target

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
27 Jul 2023 12:30

Zara owner Inditex says it will stop buying clothes from Myanmar

LONDON, July 27 (Reuters) - Zara owner Inditex is in the process of stopping purchases from Myanmar, the company told Reuters on Thursday, as a result of a campaign by global workers' union IndustriALL to convince companies to divest from the country.

Read more
18 Jul 2023 10:33

Ocado jumps on return to first-half underlying profit

First-half underlying profit 16.6 mln stg

*

Read more
18 Jul 2023 09:34

Ocado hits five-month high after return to profit, keeping guidance

LONDON, July 18 (Reuters) - Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half.

Read more
18 Jul 2023 09:09

TOP NEWS: UK grocery price inflation ebbs at fastest pace since peak

(Alliance News) - UK grocery price inflation calmed once again, market research from Kantar showed on Tuesday, while supermarket sales got a boost from more summer staples such as hay fever medication and strawberries moving through the tills.

Read more
18 Jul 2023 08:46

TOP NEWS: Ocado backs outlook and hails "good progress" in half-year

(Alliance News) - Ocado Group PLC on Tuesday affirmed yearly guidance with both its grocery and warehouse technology arms seeing half-year revenue growth.

Read more
18 Jul 2023 08:45

LONDON MARKET OPEN: Ocado, Darktrace outperform amid muted trade

(Alliance News) - Stock prices in London opened in the green on Tuesday, boosted by some well-received company updates.

Read more
18 Jul 2023 08:45

LONDON MARKET OPEN: Ocado, Darktrace outperform amid muted trade

(Alliance News) - Stock prices in London opened in the green on Tuesday, boosted by some well-received company updates.

Read more
18 Jul 2023 00:01

Iceland Foods joins UK supermarket rivals in cutting prices

LONDON, July 18 (Reuters) - Iceland Foods on Tuesday became the latest supermarket group in Britain to announce food price cuts, in a further sign that a surge in food inflation over the last year could be abating.

Read more
7 Jul 2023 13:49

Director dealings: Currys chair invests, M&S board members cover tax liabilities

(Sharecast News) - Currys was again on the list of director buys on Friday, after the chair of its board purchased almost 0.2m shares.

Read more
4 Jul 2023 17:59

M&S food makes good start to new financial year, says boss

CEO says prices won't go down as fast as they went up

*

Read more
4 Jul 2023 17:23

M&S food makes good start to new financial year, says boss

LONDON, July 4 (Reuters) - British retailer Marks & Spencer's food business has made "a good start" to its 2023-24 financial year, the group's boss told investors on Tuesday.

Read more
2 Jul 2023 15:18

Sunday newspaper round-up: Google, M&S, Tesco

(Sharecast News) - Google's new quantum computer is capable of instantly making calculations that would take current supercomputers 47 years to complete. Such compouters, proponents argue, will be capable of battling climate change and creating breakthrough drugs. Their ability to break encryption systems now utilised on the other hand makes them a threat to national security. - The Sunday Telegraph

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.