|Bid||219.20 x 63000|
|Ask||219.40 x 23400|
|Day's Range||214.74 - 219.40|
|52 Week Range||212.10 - 316.60|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||104.43|
|Forward Dividend & Yield||0.14 (6.02%)|
|1y Target Est||294.84|
The U.S. online giant is expanding its alliance with Wm Morrison Supermarkets Plc to offer groceries in more cities across the U.K. The move puts more pressure on rival grocers, including market leader Tesco, to ramp up their own online operations in one of the world’s foremost e-commerce battlegrounds. Amazon and Morrison plan to introduce Prime Now same-day delivery service to cities including Glasgow and Liverpool this year, Morrison said.
The company said Monday it bought a 58% stake in Jones Foods Co., Europe’s largest operating vertical farm, based in Scunthorpe, England. Ocado will use its know-how in automation and distribution to make the herb grower more efficient and potentially integrate it with Ocado Zoom to deliver fresh products to customers within an hour. “Vertical farming has always been on our wish-list for a lot of strategic reasons, but we were really busy doing other core things,” Stewart McGuire, Ocado Group’s head of corporate development, said in an interview.
Full Year 2019 Marks and Spencer Group PLC Fixed Income Investor Earnings Call
NEW YORK/MADRID (Reuters) - The holy grail for apparel brands facing rising uncertainty and cost in their global supply chains is to make their merchandise closer to the point of the sale. Entertainment companies from Walt Disney Co to Dr. Seuss are increasingly turning to Amazon.com Inc's t-shirt printing service to help it get there. The 'Merch by Amazon' on-demand printing service, in its third full year of operation, works by printing t-shirts once an order comes in, meaning content creators like video game makers and pay TV channels do not have to commit to a large merchandise inventory upfront.
British retailer Marks & Spencer's pension scheme has transferred a total of 1.4 billion pounds ($1.77 billion) in liabilities to two insurance groups Pension Insurance Corporation (PIC) and Phoenix, the insurers said on Thursday. British companies are increasingly offloading risks linked to their pension schemes to specialist insurance companies, partly because of increased life expectancy. PIC is insuring 900 million pounds in liabilities of the 10 billion pound Marks & Spencer Pension Scheme in its first transaction with the scheme, it said in a statement.
By James Davey LONDON (Reuters) - Marks & Spencer asked to be judged on how fast it is changing as much as its financial results on Wednesday, as the British clothing and food retailer reported a third ...
The main index, whose companies earn more than two-thirds of their profit from abroad, ended 0.1% higher, while the more domestically-focused FTSE 250 slipped 0.7%. A slump in sterling lifted internationally-exposed companies GlaxoSmithKline, Unilever and AstraZeneca, the biggest boosts to the FTSE 100. Stocks most sensitive to the any increased risk of a hard Brexit stumbled after multiple media reported rumours May's ministers could oust her in a row over her latest deal to exit the European Union.
European shares edged lower on Wednesday on unease over developments in the U.S.-China trade war and Britain's uncertain departure from the European Union. The pan-European STOXX 600 index closed down ...
Marks & Spencer Group Plc plans to open more large food stores, shifting away from a strategy of expanding smaller convenience outlets as it prepares for an alliance with online grocer Ocado Group Plc. The prospect of another costly store revamp as profit falls weighed on the U.K. retailer’s shares, which declined as much as 5.4% on Wednesday. Marks & Spencer said a 601 million-pound ($763 million) shareholder rights issue to finance the Ocado deal was fully underwritten.
The company, which has been struggling with stiff competition from nimble, low-cost operations, named former Marks & Spencer and Laird plc executive Richard Harris, as its new chief financial officer, replacing Berry. Shares in Foxtons, which focuses on the London market, fell as much as 6.5% on Monday to 56.1 pence. Foxtons did not specify why Berry was leaving the company but said it was by "mutual agreement".
Profit at Marks & Spencer is expected to fall for the third year in a row next week, with underlying sales poised to slip as the British retailer works through a painful "transformation plan". M&S set out on its latest turnaround, which follows a decade of failed reinventions, shortly after retail veteran Archie Norman joined as chairman in 2017 to work alongside Steve Rowe, who became chief executive in 2016 and has been with the company for almost three decades. M&S wants to make at least a third of its clothing and home sales online by 2022 and as part of its transition struck a 1.5 billion pound online food joint venture with Ocado in February, giving it a home delivery service from September 2020 at the latest.
Strong results from Shell and Smith & Nephew capped losses, but the FTSE 100 was still held to a one-month low, falling 0.5 percent. The FTSE 250 was 0.6 percent lower. Sterling had initially gained on upbeat Brexit sentiment, but its rise was halted after the Bank of England voted unanimously to keep interest rates steady and warned Brexit continued to cloud the outlook for monetary policy.
In February we wrote about the six major indices that can be used to help track the performance of securities on OTC Markets. For this article, we’re going to look a little closer at one of those indices—the ...
The FTSE 100 was down 0.1 percent, with losses led by several stocks trading ex-dividend, while the FTSE 250 added 0.7 percent. Dublin's main index, considered a measure of Brexit sentiment, jumped 0.6 percent. The European Union granted Britain a six-month extension to leave the bloc, averting a disorderly exit on Friday and giving Prime Minister Theresa May more time to break the Brexit deadlock at home.
British online supermarket Ocado played down the impact of a fire which devastated its flagship distribution centre in southern England, saying the blaze didn't affect its long-term plans and helping send its shares to a record high. Shares in Ocado, which have doubled over the last year, were up 2.9 percent at 11.82 pounds by 0836 GMT, having hit a record 11.92 pounds. Last month when Ocado announced a 1.5 billion pound ($2 billion) joint venture with Marks and Spencer its Chief Executive Tim Steiner told reporters he knew the precise cause of the fire but could not share the details.
ROSS-ON-WYE, England (Reuters) - For almost 100 years, Chris Chinn's family has farmed asparagus in the rolling hills of the Wye Valley in western England. This year, he fears uncertainty around Britain's departure from the European Union will keep his eastern European workers away and the asparagus will stay in the ground. Asparagus grown in Britain is feted by chefs as among the world's best but the seasonal worker shortage threatens the country's asparagus industry and the viability of Chinn's Cobrey Farms business.
The FTSE 100 was up 0.7 percent, outperforming its euro zone peers. The FTSE 250 was 0.2 percent higher. GVC led the blue-chip gainers after it reported a surge in net gaming revenue, and Hargreaves Lansdown analyst George Salmon said the gambling firm's digital division remained GVC's "trump card" amid regulatory changes in the industry.
M&S slumped 12.5 percent and was on course for its steepest one-day decline in more than 2-1/2 years after saying it would finance the Ocado deal from a rights issue to raise up to 600 million pounds and a dividend cut. The blue-chip index, which earns a major chunk of its earnings in dollars, was also dragged down by a stronger pound and tensions between India and Pakistan. Sterling rallied in the previous sessions on growing hopes of a Brexit delay as Prime Minister Theresa May offered lawmakers the chance to vote for a no-deal or delay Britain's European Union divorce.
Britain's Marks and Spencer and Ocado launched an online food joint venture on Wednesday, belatedly giving M&S a home-delivery service while netting $1 billion for its fast-growing technology providing partner. M&S, Britain's best-known stores group, has lagged rivals in tapping into Britain's fastest growing grocery area, which industry researcher IGD expects to expand by 52 percent over the next five years to 17.3 billion pounds. Under the deal, Ocado's retail arm will become a joint venture with M&S, which will pay 750 million pounds ($1 billion) for its half share.
European shares fell in early deals on Wednesday, snapping a three-day winning streak amid growing India-Pakistan tensions, and a warning from Beiersdorf hammered consumer staples stocks while Air France-KLM and Marks & Spencer sank. The pan-European STOXX 600 index closed down 0.3 percent, having touched its highest level since the beginning of October on Tuesday.