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Marks & Spencer

August 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MKS
  • Price:
  • 423p
Although the shares have pulled well back from highs of 520p, Marks & Spencer produced a solid enough trading update for the first quarter ended 28 June. Lower promotional activity as well as a “settling in†period at its new M&S.com website, where sales fell 8.1%, meant general merchandise turnover fell 1.5%. Homeware sales fell the most while clothing declined 0.6%, with womenswear showing positive sales, thanks to stronger full price activity and an uplift from seasonal and fashionable products. Within food Q1 like-for-like sales rose 1.7%, which is ahead of market growth, with 700 products launched in the period. Investec has left forecasts unchanged with eps forecast to rise from 31.9p to 35p in the year to ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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