Andrada Mining acquisition elevates the miner to emerging mid-tier status. 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: 286.50
Bid: 286.40
Ask: 286.60
Change: -7.40 (-2.52%)
Spread: 0.20 (0.07%)
Open: 294.70
High: 295.00
Low: 286.00
Prev. Close: 293.90
MKS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Ocado wins new customer in Spain as pandemic drives online grocery

Tue, 06th Jul 2021 07:42

(Adds background, detail)

LONDON, July 6 (Reuters) - British online grocer and
technology group Ocado said it had signed a new deal to
develop Alcampo's online business in Spain, as the pandemic
continues to drive the shift to online grocery buying and helped
boost revenues in its home market.

For its first half, which covered the 26 weeks to May 30,
Ocado posted a 20% rise in retail revenue to 1.2 billion pounds.
Lockdowns in Britain during the period drew new customers to its
joint venture with Marks & Spencer.

Ocado says that the pandemic has resulted in a permanent
shift to online grocery shopping, helping boost demand for its
technology offering with retailers around the world.

It signed a new contract on Tuesday with Auchan Retail for
its Alcampo business in Spain which will use the Ocado Smart
Platform to help expand its online business across the country.

Under the deal, the pair will build a customer fulfilment
centre (CFC) to serve the Madrid region from 2024, with
additional CFCs to follow.

To date, Ocado's state-of-the-art robotic technology has
signed partnership deals with supermarket groups including
Kroger in the United States, Casino in France
and Aeon in Japan.

"As we head towards a post Covid-19 future, it is
increasingly clear that the landscape for grocery worldwide has
changed, for good," Ocado chief executive Tim Steiner said.

"We continue to build strong partnerships with our clients
and win new clients."

The company added that it remained in conversation with
potential new customers.
(Reporting by Sarah Young; Editing by Kate Holton)

More News
7 Mar 2024 09:25

M&S co-CEO Bickerstaffe to retire after AGM in July

(Sharecast News) - Marks & Spencer confirmed on Thursday that co-chief executive Katie Bickerstaffe will retire after the annual meeting in July "to pursue her board career".

Read more
6 Mar 2024 21:08

PRESS: Marks & Spencer Co-CEO Bickerstaffe to leave for Kingfisher

(Alliance News) - Marks & Spencer's Co-Chief Executive Officer Katie Bickerstaffe is set to leave the company, Sky News reported on Wednesday evening.

Read more
4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

Read more
1 Mar 2024 16:53

LONDON MARKET CLOSE: Stocks rise despite mixed US manufacturing data

(Alliance News) - European equities had a solid end to the week, and a stellar run for US markets continued, with focus turning to a key week of fiscal and monetary policy updates.

Read more
1 Mar 2024 12:17

M&S wins legal battle against UK government over demolition of store

(Alliance News) - Marks & Spencer Group PLC has won a legal battle against the UK government over plans to demolish one of its flagship London stores.

Read more
1 Mar 2024 11:35

M&S wins court battle over Oxford St store demolition

(Sharecast News) - Marks & Spencer has come a step closer to demolish its main store on London's Oxford Street after the High Court ruled that a decision by government minister Michael Gove to block the plan was unlawful.

Read more
29 Feb 2024 16:05

London close: Stocks finish positive as US inflation moderates

(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.

Read more
27 Feb 2024 11:53

LONDON MARKET MIDDAY: FTSE 100 falters; eyes on US data

(Alliance News) - Stock prices in London were lower at midday Tuesday, ahead of slew of US data which could help determine the course of interest rates.

Read more
27 Feb 2024 10:28

M&S investing £89m to raise store workers' pay to £12 an hour

(Sharecast News) - High street retailer Marks & Spencer has announced it is to pay UK workers in the Real Living Wage of £12 per hour and make "significant improvements" in family leave policies.

Read more
27 Feb 2024 08:32

TOP NEWS: UK grocery price inflation decelerates amid Valentine's Day

(Alliance News) - Grocery price inflation dropped to two-year low in the UK, as shoppers prioritised savings on Valentine's Day, new data on Tuesday showed.

Read more
26 Feb 2024 15:11

London close: Stocks fall as investors look to US data

(Sharecast News) - London markets closed in negative territory on Monday, as investors remained cautious ahead of the release of crucial US economic data later in the week.

Read more
26 Feb 2024 11:08

M&S withholding multi-million pound payment to Ocado over performance failures

(Sharecast News) - Ocado slumped on Monday following a report over the weekend that Marks & Spencer is withholding a multimillion-pound payment to the group after their grocery delivery venture missed key performance targets.

Read more
16 Feb 2024 12:07

LONDON MARKET MIDDAY: Stocks up as UK retail sales soften GDP jitters

(Alliance News) - Stock prices in London were up strongly at midday on Friday, buoyed by UK retail sales data that came in far better than expected and soothed worries about the economy after numbers on Thursday showed it entered recession last year.

Read more
16 Feb 2024 08:41

LONDON MARKET OPEN: Stocks climb amid UK retail sales surprise

(Alliance News) - Stock prices in London opened higher on Friday morning, after a sentiment-boosting UK retail sales reading which calmed some nerves about the economy.

Read more
15 Feb 2024 11:45

Marks & Spencer adds Puma, Reebook to sports edit platform on website

(Alliance News) - Marks & Spencer Group PLC on Thursday announced an expansion in the range of sportswear products.

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.