UPDATE 3-M&S shows pain of turnaround plan with 10% profit fall [Reuters]
MARKS & SPENCER GRP S/ADR (MAKSY)
NASDAQ:AMEX Investor Relations:
markspizzeria.com
Company Research
Source: Reuters
M&S shows pain of turnaround plan with 10% profit fall - Reuters 5 Min Read LONDON (Reuters) - Marks & Spencer asked to be judged on how it is changing as much as its financial results on Wednesday, as the British retailer reported a third straight drop in annual profits. The 135-year-old mainstay of Britain’s shopping streets is closing weaker stores, revamping ranges and investing online, trying to avoid the fate of a string of UK chains that have collapsed amid competition from the internet and rising costs. But after several failed reboots over the past decade, the jury is out on whether it can rise to the challenges posed by fast-fashion chains such as Zara and H&M in its clothing business, or thrive in a notoriously competitive UK food market. Despite a 10% percent drop in annual profit - not including 438.6 million pounds ($556 million) of one-off costs mostly linked to its latest turnaround plan - Marks and Spencer (M&S) highlighted “green shoots” of recovery and said it would
Show less
Read more
Impact Snapshot
Event Time:
MAKSY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MAKSY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MAKSY alerts
High impacting MARKS & SPENCER GRP S/ADR news events
Weekly update
A roundup of the hottest topics
MAKSY
News
- Marks and Spencer site occupancy options explored [Yahoo! Finance]Yahoo! Finance
- Peterborough store selling solely local products looks to expand [Yahoo! Finance]Yahoo! Finance
- London stocks rebound as fears of wider Middle East conflict ebb [Reuters]Reuters
- Marks and Spencer: A Riskier Turnaround Bet [Seeking Alpha]Seeking Alpha
- Are Investors Undervaluing Marks and Spencer Group plc (LON:MKS) By 39%? [Yahoo! Finance]Yahoo! Finance