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Marks&Spen

Technical Summary

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News

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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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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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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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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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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