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Marks&Spen

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Reuters - 13 hours ago

UK retailers, supermarkets gain as Chancellor Reeves announces business rates relief

BUZZ-UK retailers, supermarkets gain as Chancellor Reeves announces business rates relief ** Shares in UK retailers .FTNMX404010 and supermarkets gain as finance minister Rachel Reeves presents maiden budget ** Retailers index up 1.57% vs. up 0.07% before budget at 1230 GMT ** Government provides 40% relief on business rates for retail, hospitality
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Reuters - 19 hours ago

UK retailer Next expects to join 1 bln pound profit club

UPDATE 3-UK retailer Next expects to join 1 bln pound profit club Q3 full price sales up better-than-expected 7.6% Sales boosted by arrival of colder weather Raises Q4 sales guidance to up 3.5% Shares up 1.4% Adds shares in paragraph 8, analyst comment 9-10, 14 By James Davey LONDON, Oct 30 (Reuters) - Next NXT.L said on Wednesday it expected to report annual profit in excess of 1 billion pounds ($1.3 billion) for the first time in its history in its current financial year, underscoring the succ
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Reuters - 5 days ago

South African fashion retailer TFG buys UK's White Stuff

UPDATE 1-South African fashion retailer TFG buys UK's White Stuff Adds details JOHANNESBURG, Oct 25 (Reuters) - South African fashion and homewares retailer TFG TFGJ.J has bought UK-based fashion and lifestyle retailer White Stuff, it said on Friday, adding the deal will help it reach "critical mass". The acquisition was made through the London subsidiary of TFG, which has a portfolio of 35 leading retail brands in 23 countries, including Australia.
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Reuters - 2 weeks ago

UK supermarket sales growth picks up as consumers start Christmas shopping

UK supermarket sales growth picks up as consumers start Christmas shopping UK supermarket sales up 4.7% in four weeks to Oct. 5 -NIQ Households spreading cost of Christmas General merchandise sales return to growth Ocado and M&S are fastest growing grocers Asda remains the laggard By James Davey LONDON, Oct 16 (Reuters) - Sales growth at British supermarkets picked-up over the last month, helped by consumers starting to make purchases for Christmas, industry data showed on Wednesday.
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Reuters - 3 weeks ago

British Business - Oct 7

PRESS DIGEST-British Business - Oct 7 Oct 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The owner of the American conservative newspaper The New York Sun Dovid Efune is closing in on a deal to buy the Telegraph for more than 550 million pounds ($721.99 million).
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Reuters - 1 month ago

Sustainable Switch-The worst floods to hit central Europe

Sustainable Switch-The worst floods to hit central Europe Sept 19 - By Sharon Kimathi Energy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com Hello, Today’s newsletter continues to follow the developments from central Europe’s fatal flood. The worst floods to hit central Europe in at least two decades have left a trail of destruction from Romania to Poland and killed at least 22 people.
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Reuters - 1 month ago

UK's Ocado soars after retail JV's outlook upgrade

BUZZ-UK's Ocado soars after retail JV's outlook upgrade Updates with share move, milestones ** Shares in British online grocer Ocado OCDO.L up 16.7% to 408.1p, highest in seven weeks ** Stock is biggest percentage gainer on FTSE midcap index .FTMC which is up 0.77% ** Ocado Retail lifted its forecast for 2023-2024 year after reporting a 15.5% increase in revenue in its latest quarter that reflected growth in customer numbers ** The joint venture between Ocado and Marks & Spencer MKS.L now sees l
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Reuters - 1 month ago

UK's Ocado seen opening 10% higher on retail JV's outlook upgrade

BUZZ-UK's Ocado seen opening 10% higher on retail JV's outlook upgrade ** Shares in British online grocer Ocado OCDO.L are seen opening 10% higher, according to premarket indicators from brokerage ** Ocado Retail lifts its forecast for 2023-2024 year after reporting a 15.5% increase in revenue in its latest quarter that reflected growth in customer numbers ** The joint venture between Ocado and Marks & Spencer MKS.L now sees low double-digit percentage growth in FY24 revenue, compared with its p
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Reuters - 1 month ago

UK's Ocado Retail lifts revenue outlook after shopper numbers grow

UPDATE 2-UK's Ocado Retail lifts revenue outlook after shopper numbers grow Q3 shopper numbers up 10.3% Q3 retail revenue rises 15.5% Lifts annual revenue guidance Sticks to annual margin guidance Recasts with CEO comments By Sarah Young LONDON, Sept 19 (Reuters) - British online supermarket Ocado Retail said it was focused on competitive pricing as it sticks with its strategy of prioritising customer growth after a strong third quarter helped lift its annual revenue guidance.
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Reuters - 1 month ago

UK's Ocado Retail lifts guidance on customer growth

UK's Ocado Retail lifts guidance on customer growth LONDON, Sept 19 (Reuters) - British online supermarket Ocado Retail lifted its guidance for its 2023-2024 year after reporting a 15.5% increase in revenue in its latest quarter that reflected growth in customer numbers. Reporting by Sarah Young; Editing by Kate Holton
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Reuters - 1 month ago

UK's Asda says retail veteran Stuart Rose to lead business

UPDATE 2-UK's Asda says retail veteran Stuart Rose to lead business Co-owner Mohsin Issa steps back from leadership role Search for permanent CEO continues Asda has been losing market share Adds latest market share data paragraph 3, detail 10 to 12 By James Davey LONDON, Sept 18 (Reuters) - British supermarket group Asda, which has been losing market share, said its chairman, veteran retailer Stuart Rose, will assume the executive responsibilities of co-owner Mohsin Issa, who is stepping back fr
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Reuters - 1 month ago

UK supermarket sales growth slows after summer holidays

UK supermarket sales growth slows after summer holidays UK supermarket sales up 4% in four weeks to Sept. 7 Ocado and M&S are fastest growing grocers Asda remains the worst performer LONDON, Sept 18 (Reuters) - British supermarket sales growth slowed over the last month as consumers trimmed spending after their summer holidays, industry data showed on Wednesday.
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Reuters - 1 month ago

London's Oxford Street could go traffic-free under mayor's plan

UPDATE 1-London's Oxford Street could go traffic-free under mayor's plan Previous version of plan was blocked by local council Deputy prime minister says plan will drive growth Mayor says aim is to get rid off all traffic, including bicycles Adds details, reaction in paragraphs 12-13, Khan quote in 5 By Suban Abdulla and Hannah Ellison LONDON, Sept 17 (Reuters) - London's Oxford Street, home to some of the British capital's most famous shops from Selfridges to Marks & Spencer, could be pedestria
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Reuters - 1 month ago

London's Oxford Street could go traffic-free under mayor's plan

London's Oxford Street could go traffic-free under mayor's plan By Suban Abdulla LONDON, Sept 17 (Reuters) - London's Oxford Street, home to some of the British capital's most famous shops from Selfridges to Marks & Spencer, could be pedestrianised to attract more shoppers under a plan announced by city mayor Sadiq Khan on Tuesday. If approved, Oxford Street would join other major shopping hubs such as Times Square in New York and La Rambla in Barcelona that have gone fully traffic-free.
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Reuters - 1 month ago

FTSE 100 rises ahead of key central bank meetings

UPDATE 1-FTSE 100 rises ahead of key central bank meetings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.1%, FTSE 250 up 0.2% Playtech leaps after hiking core profit forecast Phoenix Group down on halting SunLife sale BoE rate cut helps boost UK housing market but concerns remain Sterling gains ahead of UK inflation data, BoE meeting this week Fed monetary policy meeting, due Wednesday Updated at 1545 GMT By Khushi Singh
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Reuters - 2 months ago

Target to hire 100,000 seasonal employees, launches early holiday promotions

UPDATE 4-Target to hire 100,000 seasonal employees, launches early holiday promotions Adds Walmart comment in paragraph 4 Sept 16 (Reuters) - Target TGT.N said on Monday it would employ about 100,000 seasonal workers this holiday season, in line with the last three years, even as inflation-weary shoppers are expected to stay frugal during the key shopping period.
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Reuters - 2 months ago

Marks and Spencer hits more than 7-year high after Barclays hikes PT

BUZZ-Marks and Spencer hits more than 7-year high after Barclays hikes PT ** British retailer Marks and Spencer (M&S) MKS.L up 1.7% to 357.1pence, highest since June 2017 ** Barclays raises target price to 400p from 360p, maintains rating "overweight" ** Fifteen of the 17 analysts covering the stock rate it "buy" or higher and two "hold"; median PT
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Reuters - 2 months ago

MTU Aero Engines, Nestle, Vusiongroup

EUROPE RESEARCH ROUNDUP- MTU Aero Engines, Nestle, Vusiongroup Sept 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including MTU Aero Engines, Nestle and Vusiongroup, on Monday. HIGHLIGHTS * Advanced Medical Solutions Group Plc AMSU.L : Peel Hunt raises target to 246p from 220p * MTU Aero Engines AG MTXGn.DE : Citigroup cuts to sell from neutral * Nestle SA NESN.S : Morgan Stanley cuts to underweight from equal-weight * Sodexo EXHO.PA : B
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Reuters - 2 months ago

British Business - Aug. 26

PRESS DIGEST-British Business - Aug. 26 Aug 26 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The British Financial Conduct Authority has warned unregulated firms that they cannot help to arrange investment deals for private companies without regulatory permissions.
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Reuters - 2 months ago

Sun and holidays boost UK supermarket spending but Asda struggles, says NIQ

Sun and holidays boost UK supermarket spending but Asda struggles, says NIQ UK supermarkets enjoy best growth in sales this year, says NIQ Ocado and Marks & Spencer are UK's fastest growing grocers Asda remains the laggard By James Davey LONDON, Aug 21 (Reuters) - Warm weather and household buying ahead of summer holidays accelerated sales growth at UK supermarkets in August, although No.
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