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Marks and Spencer Group PLC (MKS.L)

MKS.L on London Stock Exchange

187.25GBp
23 Jan 2020
Change (% chg)

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187.25
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Avg. Vol
9,887,587
52-wk High
292.86
52-wk Low
161.35

Latest Key Developments (Source: Significant Developments)

Marks & Spencer Says David Surdeau Joining Business On Interim Basis To Oversee Finance Function
Friday, 3 Jan 2020 

Jan 3 (Reuters) - Marks and Spencer Group PLC ::INTERIM CHIEF FINANCIAL OFFICER.DAVID SURDEAU IS JOINING BUSINESS ON AN INTERIM BASIS TO OVERSEE FINANCE FUNCTION.DAVID BEGINS ON 7 JANUARY AND WILL REPORT INTO GROUP CHIEF EXECUTIVE OFFICER STEVE ROWE.  Full Article

Ocado says JV with M&S could start home deliveries before Sept 2020
Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - Ocado ::CFO SAYS EXPECTS FIFTH UK AUTOMATED WAREHOUSE TO OPEN IN 2 YEARS TIME.CFO SAYS ABILITY TO STOCKPILE FOR BREXIT "LIMITED", HAVE NOT SEEN SIGNIFICANT CHANGE TO CONSUMER BEHAVIOUR.CFO SAYS THERE IS A CHANCE JV WITH M&S CAN START HOME DELIVERIES BEFORE SEPT 2020, WOULD NEED WAITROSE AGREEMENT.CFO SAYS ROBOTIC PICKING LIVE AT ERITH WAREHOUSE, HAS MOVED FROM TEST OPERATION TO PRODUCTION OPERATION.  Full Article

M&S chairman tells AGM: ambition is to double size of food business
Tuesday, 9 Jul 2019 

July 9 (Reuters) - M&S ::CHAIRMAN TELLS ANNUAL SHAREHOLDERS' MEETING: M&S AMBITION IS TO DOUBLE THE SIZE OF ITS FOOD BUSINESS.CEO TELLS ANNUAL SHAREHOLDERS' MEETING: HE UNDERSTANDS INVESTORS ARE CONCERNED ABOUT M&S' SHARE PRICE.CEO SAYS CLOTHING AVAILABILITY WILL BE BETTER IN AUTUMN 2019 AFTER PROBLEMS IN LAST FINANCIAL YEAR.CEO SAYS WILL HAVE 12PM CUT OFF FOR WEBSITE ORDERS FOR NEXT DAY DELIVERY BY CHRISTMAS 2019.  Full Article

Superdry Appoints Former CFOs of M&S, New Look Group To Board
Thursday, 4 Jul 2019 

July 4 (Reuters) - Superdry PLC ::DIRECTORATE CHANGE.APPOINTMENTS OF HELEN WEIR AND ALASTAIR MILLER TO ITS BOARD.HELEN WEIR WILL ASSUME ROLE OF SENIOR INDEPENDENT DIRECTOR AND ALASTAIR MILLER WILL BECOME CHAIR OF AUDIT COMMITTEE.HELEN WEIR WAS MOST RECENTLY CHIEF FINANCIAL OFFICER (CFO) OF MARKS & SPENCER PLC.ALASTAIR MILLER SERVED AS CFO OF NEW LOOK GROUP FROM 2000 TO 2014.  Full Article

Marks & Spencer Announces Rights Issue To Fund JV With Ocado
Wednesday, 22 May 2019 

May 22 (Reuters) - Marks and Spencer Group PLC ::MARKS & SPENCER GRP - RIGHTS ISSUE ANNOUNCEMENT.MARKS AND SPENCER GROUP PLC - 1 FOR 5 FULLY UNDERWRITTEN RIGHTS ISSUE RAISING PROCEEDS OF C. £601.3 MILLION TO FUND JOINT VENTURE WITH OCADO GROUP PLC.MARKS AND SPENCER - RIGHTS ISSUE FULLY UNDERWRITTEN ON TERMS OF UNDERWRITING AGREEMENT ENTERED BETWEEN COMPANY, MORGAN STANLEY, BNP PARIBAS, HSBC BANK.MARKS AND SPENCER GROUP PLC - PROPOSING TO OFFER 325 MILLION NEW ORDINARY SHARES BY WAY OF A RIGHTS ISSUE TO QUALIFYING SHAREHOLDERS.MARKS AND SPENCER GROUP PLC - RIGHTS ISSUE WILL RESULT IN ISSUE OF 325,009,968 NEW ORDINARY SHARES OF 25 PENCE EACH.MARKS AND SPENCER GROUP PLC - RIGHTS ISSUE PRICE OF 185 PENCE PER NEW ORDINARY SHARE REPRESENTS A DISCOUNT OF APPROXIMATELY 31.8 PER CENT.MARKS AND SPENCER GROUP PLC - DIRECTORS INTEND TO TAKE UP IN FULL NEW ORDINARY SHARES TO WHICH THEY ARE ENTITLED UNDER RIGHTS ISSUE..MARKS AND SPENCER GROUP PLC - RIGHTS ISSUE REPRESENTING APPROXIMATELY 20.0 PER CENT. OF EXISTING ISSUED SHARE CAPITAL OF M&S.MARKS AND SPENCER GROUP PLC - RIGHTS ISSUE CONDITIONAL ON SALE AND PURCHASE AGREEMENT IN RESPECT OF JOINT VENTURE REMAINING IN FULL FORCE.  Full Article

OneMarket Enters Contract With Marks & Spencer
Friday, 5 Apr 2019 

April 5 (Reuters) - Onemarket Ltd ::ENTERED INTO A MULTI-YEAR CONTRACT WITH MARKS & SPENCER PLC.ONEMARKET CONTINUES TO BE IN ACTIVE DISCUSSION WITH A NUMBER OF PARTIES TO JOIN ONEMARKET PLATFORM.MARKS & SPENCER HAS SIGNED UP FOR ONEMARKET'S DIGITAL RECEIPT PRODUCT FOR ITS STORES IN UNITED KINGDOM.  Full Article

Ocado Confirms Discussions With Marks & Spencer For UK Retail JV
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Ocado Group PLC ::RESPONSE TO MEDIA SPECULATION.CONFIRMS THAT IT IS IN DISCUSSIONS WITH MARKS AND SPENCER GROUP PLC REGARDING A JOINT VENTURE IN UK RETAIL.  Full Article

Marks & Spencer Names Justin King As A Non-Executive Director
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - Marks and Spencer Group PLC ::DIRECTORATE CHANGE.APPOINTMENT OF JUSTIN KING AS A NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 1 JANUARY 2019.JUSTIN KING TO JOIN BOARD AS NON-EXECUTIVE DIRECTOR.  Full Article

Blackrock Raises Stake To 7.49 Pct From 5.58 Pct In Marks And Spencer Group
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - BlackRock Inc ::BLACKROCK INC RAISES STAKE TO 7.49 PERCENT FROM 5.58 PERCENT IN MARKS AND SPENCER GROUP PLC - FILING.  Full Article

M&S CEO confident firm "on the right track"
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Marks & Spencer ::CEO SAYS CUSTOMER TRANSFER RATE FROM STORE CLOSURES "MARGINALLY AHEAD" OF WHERE THOUGHT IT WOULD BE AT START OF PROGRAMME.CEO SAYS COMPANY "LETTING CUSTOMERS DOWN" IN TERMS OF PRODUCT AVAILABILITY.CEO SAYS "HIGH STREET CONDITIONS ARE TOUGH", MARKET IS FLAT, CONSUMER BEHAVIOUR "VOLATILE".CEO SAYS FOOD SALES FIGURES "ARE DISAPPOINTING", REMOVING "PRETTY CONFUSING DEALS", LOWERING PRICES.CEO SAYS TEAM "IN GOOD SHAPE" FOR CHRISTMAS.CEO SAYS "CONFIDENT WE'RE ON THE RIGHT TRACK".CEO STEVE ROWE SAYS "VERY CLOSE" TO CHAIRMAN ARCHIE NORMAN, "WE GET ON VERY WELL".  Full Article

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Food waste and too much skinny menswear spoil M&S's Christmas

LONDON Higher food waste and weak sales of menswear and gifts tarnished Marks & Spencer's (M&S) Christmas performance, hammering the British retailer's shares and raising more questions about its latest turnaround attempt.