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Marks And Spencer Group PLC Shares News & Articles

Marks & Spencer marked down as transformational Ocado tie-up comes at great cost

After admitting to talks yesterday, Marks & Spencer (MKS) confirms plans to form a £1.8bn grocery joint venture with technology delivery firm Ocado (OCDO). The fact the latter’s shares ripen another 4% to £10.30 on the news reflects a perception the deal makes more sense for Ocado than for Marks & Spencer, whose entry into the food delivery business for the first time comes at a hefty ...

Market report: M&S to rebase divi and raise cash as it confirms Ocado tie-up, Ted Baker warns, Metro Bank in doghouse

After admitting to talks yesterday Marks & Spencer (MKS) has on Wednesday confirmed plans to form a £1.8bn grocery joint venture with technology delivery firm Ocado (OCDO). The tie-up, if approved by shareholders, will give M&S a food delivery business for the first time, but it comes at a hefty price. M&S plans to raise £600m through a rights issue to fund its part of the ...

Market report: Drug maker Indivior facing catastrophe after court defeat, BP profits soar as Ocado losses widen

Drug developer Indivior (INDV) has warned that it faces the loss of up to 80% of its market share ‘in a matter of months’ after losing a court ruling in the US over its Anti-opioid treatment Suboxone. Suboxone is used as a substitute to get drug addicts off harmful opiods, such as heroin. The company has been fighting a bitter battle for months against generic competitor drugs being made ...

Market report: Investors excited by possible Marks & Spencer/Ocado tie-up, Flybe also soars

Investors are backing online grocery service Ocado (OCDO) with weekend reports emerging that it is closing in on a deal with Mark & Spencer (MKS) to deliver its fresh foods to customers. Ocado heads the FTSE 100 leader board in early trade on Monday, up nearly 4% at 983.2p, on the strength of the speculation despite neither business so far confirming the validity of the story. Marks ...

Market report: Next rallies on ‘in line’ Christmas sales but still cuts guidance as Apple issues profits shock

High street fashion chain Next (NXT) gets the eagerly awaited Christmas reporting season underway as it reports festive sales as expected but still lowers full year guidance. The UK retail sector has been under a cloud for weeks with investors anticipating a gloomy run-in to Christmas as consumers flex their muscles over discounts and on line bargains. Yet Next has survived the worst of the ...

Market report: FTSE 100 slips on weak Asian markets but energy stocks keep mid-caps bubbling

UK stocks start the year on the back foot with the FTSE 100 index falling 1.6% or 106 points to 6,622 giving up almost all of its post-Christmas gains. Every sector except Tobacco is in the red this morning with Banks, Industrial Engineers, Miners and Oils providing the biggest drag on the index. Best-performing stocks in the FTSE 100 are Imperial Brands (IMB) and retailers Next (NXT) and ...
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