lonmks
Higher end grocers weaker in early trade as the penny-pinching habits rise.Brent crude drops below $110 amid global recession fears.The pound hovers around $1.22 brushing off latest UK political upset.FTSE 100 opens slightly higher following a stronger close on Wall Street.UK Retail Sales Decline“The latest UK retail sales snapshot shows the cost-of-living squeeze is turning more consumers into penny pinchers, trimming non-essential expenditure from budgets to make ends meet. The decline in sales volumes for May with food volumes hit particularly hard has set off falls for higher end grocers i...
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Marks and Spencer Group Plc (LON:MKS)’s full year underlying sales rose 6.9% compared to pre-covid levels to £10.9bn. This reflected strong growth in UK Food as well as growth in UK Clothing & Home. Operating profit rose by £20m to £709.0m compared to 2020, as double-digit increases in UK Food and UK Clothing & Home offset weakness in International and MS Bank and Services. Q1 2022 hedge fund letters, conferences and more M&S expects that inflationary headwinds will negatively impact volumes and drive sales growth lower through the end of the year. So far this year trading has been ahead of co...
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“The FTSE 100 has been lifted by a surprise 1.4% rise in retail sales as for now consumers appear to be shrugging off fears of recession and soaring prices. Stores have enjoyed a burst of activity as shoppers regained their appetite to spend, clearly planning a summer of fun. The data has helped lift the share price of some high street stalwarts NEXT plc (LON:NXT) and Marks and Spencer Group Plc (LON:MKS), while shares in Tesco PLC (LON:TSCO) rose 1.4% on the open. Q1 2022 hedge fund letters, conferences and more Rise In Retail SpendingAfter shoppers were starved of enjoying the freedom to cel...
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February’s ONS retail sales figures predicted to rise on FridayMarks and Spencer Group Plc (LON:MKS) joint venture with Ocado Group PLC (LON:OCDO) could be a headwind to growth this yearMarket apprehension ahead of NEXT plc (LON:NXT)’s results on ThursdayCost pressures affecting Frasers Group PLC (LON:FRAS), J Sainsbury plc (LON:SBRY) and Tesco PLC (LON:TSCO)Q4 2021 hedge fund letters, conferences and more How The Retail Sector Is FaringAhead of the ONS Retail Sales figures for February being published on Friday, Steve Clayton, HL Select Fund Manager, gives his verdict on how parts of the reta...
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Ocado Retail – the joint venture with Marks and Spencer Group Plc (LON:MKS) – has said 2021 is expected to be in line with guidance, as strong demand is offset by labour shortages and capacity constraints. Q3 2021 hedge fund letters, conferences and more Shopping habits are returning to pre-covid levels. Retail revenue in the fourth quarter of £547.8m was up 31.6% on 2019, but down 3.9% on last year. That reflects an 8.5% increase in average orders per week to 375,100, but a 12% fall in the average basket size, as people spent less time at home. Trends in the fourth quarter have been positive,...
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“As shoppers prepare for a black Friday spree, the bargain hunt for good value UK companies continues for private equity firms. Q3 2021 hedge fund letters, conferences and more Apollo Global Management's Bid For Marks And Spencer SharesThe rumour mills are now grinding around a possible bid by Apollo Global Management for Marks and Spencer Group Plc (LON:MKS), sending shares 3% higher in early trade. It’s unlikely to be lingerie sales which have made M&S an attractive prospect, instead its food aisles and in particular the tie-up with Ocado which will be the allure. Apollo has flirted with oth...
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“The customer trolley dash for treats at Marks and Spencer Group Plc (LON:MKS), which has prompted the retailer to raise its forecast for full year profit, shows just how lucrative the food arm of the business has become. Marks and Spencer may have been late to the grocery e-commerce party, but arriving with Ocado in arm, it’s muscled into a prime spot on the dance floor, and is enjoying the hits. It looks like this long suffering high street stalwart has turned a sharp corner, proof that management’s transformation strategy is paying off, and investors have cheered on the news with shares ris...
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WM Morrison Supermarkets PLC (LON:MRW) up 11.5%.J Sainsbury plc (LON:SBRY) up 1.5%.Marks and Spencer Group Plc (LON:MKS) up 1.5%.Tesco PLC (LON:TSCO) up 1%.Q2 2021 hedge fund letters, conferences and more WM Morrison Stock Surges"With yet another private equity buyer putting WM Morrison at the top of their shopping list, shares surged by 11% in early trading as investors speculate about further bids being put on the forward. WM Morrison’s board has recommended shareholders accept the £6.3 billion takeover bid from the Fortress backed consortium, so it’s right at the front of the queue, ready t...
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Supermarket sweep as offer of the week for WM Morrison sends shares higher Q1 2021 hedge fund letters, conferences and more WM Morrison Supermarkets PLC (LON:MRW) +32%J Sainsbury plc (LON:SBRY) +3.7%Marks and Spencer Group Plc (LON:MKS) +2.4%Tesco PLC (LON:TSCO) +1.7%WM Morrison's Share Price Rises"It may be Amazon Prime day, but competition from the king of e-commerce hasn’t upset the shopping cart for UK grocers. Instead, the offer of the week for WM Morrison has led to price rises across the sector, with the grocer rising 32% and Sainsbury’s, Tesco and Marks and Spencer also seeing their sh...
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