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Marks & Spencer Group PLC Add to portfolio

LON100:MKS, Mar 26, 11:22 UTC

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Friday, March 08


News

Worried about the State Pension? I think Marks and Spencer could help you retire early

MKS

I think Marks and Spencer could help you retire early. The last year has been highly eventful for Marks & Spencer (LSE: MKS). Its financial performance has continued to disappoint, while its share price has been highly volatile. This suggests a margin of safety may be on offer, and there could be scope for a sizeable upward rerating over the long run. Although it may take time for Marks & Spencer to deliver its refreshed strategy, in time it could produce stronger financial results and act as a catalyst on its share price. Therefore, it could offer value investing potential.

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Wednesday, February 27


News

What does the Ocado joint venture with Marks & Spencer mean for customers?

OCDO MKS

Online grocer Ocado and high-street retailer Marks & Spencer have announced plans to work together on a new joint venture. The companies will each own half of the service, after M&S buys 50% of Ocado’s existing UK retail business for £750 million. What is a joint venture? Ocado is also trialling a one-hour delivery service called Zoom, meaning M&S customers could expect to order instant Percy Pigs to their door in just a few years’ time. What about the fire? Bosses from M&S and Ocado said the deal was signed off at 6am on Wednesday, meaning teams would have had the chance to discuss the fire which destroyed Ocado’s Andover facility in early February before agreeing the joint venture.

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News

Ocado and Marks & Spencer to form online food shopping joint venture

OCDO MKS

Ocado and Marks & Spencer have announced the creation of a joint venture, in a move which the companies say will transform online grocery shopping. The JV will trade as Ocado.com but will stock M&S-branded products, and benefit from access to the retailer’s database of 12 million M&S food shoppers. “Our investment in a fully aligned joint venture with Ocado accelerates our food strategy as it enables us to take our food online in an immediately profitable, scalable and sustainable way.”. Tim Steiner, Ocado’s chief executive, said: “We are delighted that our UK retail business will become a joint venture with M&S.

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Tuesday, February 26


News

Marks and Spencer and Ocado in home delivery deal talks

OCDO MKS

Marks and Spencer (M&S) and Ocado have confirmed they are in discussions about a £1.8bn joint venture. If the two companies reach agreement, it would give M&S a food delivery service for the first time. Ocado is best known for delivering Waitrose goods, with whom it pioneered online grocery deliveries 20 years ago. However, their latest arrangement, which prevents Ocado delivering any other retailer's own branded goods, is due to come to end next year. M&S has the most limited range of groceries of any of the leading food retailers and has held well back from the move to online delivery. This will be important for Ocado as they look to cater to the 'for tonight' shopping mission, having just announced plans for one-hour delivery." M&S has a far more limited range of groceries than its main rivals, something that would make online shopping with them exclusively, even if available, less attractive. But Ms Berg said a tie-up would bolt Ocado's wider range on to M&S's: "M&S would never be able to do online grocery on its own because the average transaction size is too small.

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Monday, February 04


News

Why I’m staying away from the Marks and Spencer share price

MKS

Why I’m staying away from the Marks and Spencer share price. Indeed, over the past six years, the retailer’s normalised earnings per share, which exclude the impacts of one-off costs such as restructuring charges, have increased by just 4p, from 35p to 39p. Analysts have pencilled in a net profit of £403m for fiscal 2019, around 10% less than the figure reported for 2013, which seems to confirm my suspicion that the retailer’s growth days are now behind it. Having said all of the above, I’m not predicting the demise of the business anytime soon — more than £10bn in annual sales is still enough to make M&S one of the UK’s top retailers. However, as an investment, I think investors should probably stay away.

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Monday, January 28


News

Ocado shares rise on reports of Marks & Spencer deal - AOL UK

OCDO MKS

Shares in Ocado have been boosted by reports that the online grocer is in talks with Marks & Spencer to launch a £1 billion food delivery service. It came on the back of reports that M&S would buy the Waitrose part of the Ocado business, including distribution centres and vans, when the existing contract ends next year. “For Marks & Spencer, having a stronger delivery network would give it a new way in which to try and boost earnings. “M&S price points are also materially higher than the Waitrose private label ranges,” he added. But he said M&S could help to fill capacity at Ocado’s Erith fulfillment centre or could even be a launch partner for the technology business’s Amazon Prime Now-style immediacy-grocery concept.

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Wednesday, January 16


News

Marks & Spencer drops plastic wrapping in loose fruit and veg trial

MKS

Marks & Spencer drops plastic wrapping in loose fruit and veg trial. Marks & Spencer is trialling plastic-free produce at one of its stores as it tries to reduce its reliance on packaging. The retailer says 90 lines of loose fruit and vegetables are being sold over two aisles at its Tolworth store in southwest London. The retailer has already reduced its plastic use considerably by phasing out 75 million pieces of plastic cutlery and two million straws as it strives to remove 1,000 tonnes of plastic packaging by spring 2019.

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Tuesday, January 15


News

Marks & Spencer to close 17 stores - with 1,000 jobs at risk

MKS

Marks & Spencer plans to close 17 more stores with the loss of 1,000 jobs, as the retailer continues to restructure its business in the face of changing consumer spending habits. M&S has opened talks with the employees affected and hopes to retain as many as possible. In a trading update last week, M&S said it was seeing "encouraging early signs" from its radical reorganisation despite further falls in clothing and food sales over its Christmas quarter. Director Sacha Berendji said on Tuesday: "We're continuing to transform M&S with pace and as part of this we are making good progress with our plans to close over 100 stores - radically reshaping our store estate to become more relevant for our customers. "Proposing to close stores is never easy, for our colleagues, customers or the local community, but it is vital for the future of M&S. Where we have closed stores, we are continuing to see an encouraging number of customers choosing other nearby locations and shopping on M&S.com."

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News

Marks & Spencer announces store closures, putting 1,000 jobs at risk - AOL UK

MKS

More than 1,000 jobs at Marks & Spencer are at risk as the retailer announced its latest round of store closures as part of a drastic transformation plan. The retailer released a list of 17 stores proposed for closure on Tuesday, in a move which will affect 1,045 employees. As part of an accelerated store closure programme, M&S is on track to close over 100 stores. The 17 stores set to close are: Ashford, Barrow, Bedford, Boston, Buxton, Cwmbran, Deal, Felixstowe, Huddersfield, Hull, Junction One Antrim Outlet, Luton Arndale, Newark, Northwich, Rotherham, Sutton Coldfield and Weston Super Mare. Sacha Berendji, retail, operations and property director at Marks & Spencer, said: “We’re continuing to transform M& S with pace and as part of this we are making good progress with our plans to close over 100 stores – radically reshaping our store estate to become more relevant for our customers.

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Monday, December 10


News

Forget a cash ISA! I’d rather pick up 6%+ from FTSE 100 dividend share Marks and Spencer

VZ MKS

I’d rather pick up 6%+ from FTSE 100 dividend share Marks and Spencer. The company is being beaten by nimbler, more flexible online rivals at a time when customer spending levels are at a low ebb. Therefore, its near-term financial prospects appear to be somewhat challenged. This could help to improve its dividend growth outlook. As such, it could be worth buying alongside a dividend growth stock which released positive news on Monday. In other words, consumers may become less interested in convenience, quality or the shopping experience, and more interested in price. Since Marks & Spencer is not a budget retailer, it may naturally experience a slowdown in sales growth.

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