UBS trims Marks & Spencer’s valuation
Swiss bank estimates group could see profit margins affected
Move comes as retailer looks to revive sales
Marks & Spencer set to close up to 14 more stores January 2018
Move part of group’s ongoing transformation
Credit Suisse bearish on Marks & Spencer January 2018
Analysts point to ‘uninspiring’ trading update
Analysts argue Marks & Spencer’s turnaround plan may be too late
Hargreaves Lansdown downbeat on blue-chip retailerJanuary 2018
Marks & Spencer reports ‘mixed’ quarter
Group sees weak clothing market while food sales continue to underperformJanuary 2018
Marks & Spencer shares rise as group appoints new CFO
Move comes ahead of retailer’s results tomorrowJanuary 2018
Marks & Spencer expected to reveal decline in sales
Both clothing and food sales expecting to have droppedJanuary 2018
Marks & Spencer offloads stores in Hong Kong and Macau
Move comes as group continues with overseas markets retreatJanuary 2018
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Marks & Spencer share price: Retailer set to return to annual profit growth
Marks and Spencer expected to announce first profit growth in four years next weekMay 2015
Marks & Spencer share price: Retailer to break through 1,000-store milestone
M&S to accelerate opening of Simply Food storesMay 2015
Marks & Spencer share price: Group returns to annual profit growth
Marks & Spencer delivered its first rise in annual profit in four years and signalled plans to return excess cash to shareholders.May 2015
Marks & Spencer share price: Executives in line for meagre payout from incentive scheme
Marks & Spencer execs to get minor payout as revenue targets missedMay 2015
Forecasts for a 9.5% fall in Q2 profit
Retailer receives vote of confidence from Bill AdderleyNovember 2013
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About Marks and Spencer Group Plc
Marks and Spencer Group (LON:MKS) is a major UK multinational retailer headquartered in the City of Westminster, London. The company is a holding company of the Marks & Spencer Group of companies.
Marks and Spencer specializes in selling clothing, lingerie, homeware and luxury food products, sourced from around 2,000 suppliers globally. Its UK turnover is split between Food and General Merchandise accounting for 54 and 46 percent of turnover, respectively.
The company has a network of over 766 stores across the UK in high streets and retail parks, as well as stations, airports and other locations. It also operates internationally with around 387 stores in 50 territories across Europe, the Middle East and Asia. The company is also developing its e-commerce business amid the changing consumer needs.
Marks and Spencer, which currently employs almost 82,000 people, was founded in 1884 by Michael Marks and Thomas as a stall in Leeds. In 1998 it became the first UK retailer to post pre-tax profit above £1 billion. However, it then experienced a crisis that lasted for several years.
The company is listed in the London Stock Exchange and is a constituent of the FTSE 100 Index. It is also traded in American Depository Receipts.