Updates

Marks & Spencer - Aggressive cost cutting

February 2009

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.

Marks & Spencer cheered investors as its trading statement covering the important festive period unveiled no nasty shocks, allowing the shares to jump to 245p at one point. In response to the consumer spending strike, chief executive Stuart Rose took the brave step of holding “one-off” 20% off discount days and other price promotions and that meant that UK like-for like sales “only” fell 7.1% in the 13 weeks to 27 December, with clothing led general merchandise down 8.9% and food down 5.2%. However, there was a price to be paid and gross margin for its financial year to 31 March is now expected to be around 1.75% lower than last time. However, there was also more heartening news as M&S has initiated ...

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Marks & Spencer - CEO review leads to eps downgrades (August 2016)

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Marks & Spencer - Sharp rise in gross margin (February 2016)

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Marks & Spencer - Beats forecasts thanks to gross margin gains (December 2014)

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Marks & Spencer (March 2014)

Marks & Spencer (January 2014)

Marks & Spencer - High hopes for Autumn/Winter clothing range (August 2013)

Marks & Spencer - Food sales gain offset clothing decline (May 2013)

Marks & Spencer -Stronger Q2 heralds re-rating (December 2012)

Marks & Spencer - Pulls back sales growth targets (July 2012)

Marks & Spencer (March 2012)

Marks & Spencer - Net debt falles by Â£230m (December 2011)

Marks & Spencer (September 2011)

Marks & Spencer - Eps rises 16% (July 2011)

Marks & Spencer (May 2011)

Marks & Spencer - Shrugs off snow disruption (February 2011)

Marks & Spencer - Sound strategy unveiled (December 2010)

Marks & Spencer - Shares have gained 91% (November 2010)

Marks & Spencer (August 2010)

Marks & Spencer - Sharp fall in net debt (July 2010)

Marks & Spencer (May 2010)

Marks & Spencer - Tight stock control maintains margins (February 2010)

Marks & Spencer - Beats forecast; CEO more upbeat (December 2009)

Marks & Spencer - Beats forecasts (November 2009)

Marks & Spencer - Improvement in underlying sales (August 2009)

Marks & Spencer (June 2009)

M&S - Interest rate cuts could galvanise shares from eight year lows (December 2008)

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