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United Kingdom

Marks and Spencer Group PLC (MKS.L)

MKS.L on London Stock Exchange

219.85GBp
12:13pm BST
Change (% chg)

1.15 (+0.52%)
Prev Close
218.70
Open
219.00
Day's High
220.30
Day's Low
214.80
Volume
4,245,758
Avg. Vol
7,910,120
52-wk High
302.80
52-wk Low
185.00

Latest Key Developments (Source: Significant Developments)

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"
Tuesday, 6 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

Marks & Spencer Names Jeremy Pee Chief Digital & Data Officer
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Marks and Spencer Group PLC ::MARKS & SPENCER APPOINTS NEW CHIEF DIGITAL & DATA OFFICER.JEREMY PEE HAS BEEN APPOINTED TO NEW ROLE OF CHIEF DIGITAL & DATA OFFICER.JEREMY WILL JOIN M&S ON 3RD DECEMBER AND LEAD BUSINESS STRATEGY TO TRANSFORM M&S' DIGITAL CAPABILITIES.  Full Article

Marks And Spencer, Octopus To Supply Energy And Services From September
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Marks and Spencer Group PLC ::CO, OCTOPUS ANNOUNCE A NEW STRATEGIC PARTNERSHIP TO SUPPLY ENERGY AND SERVICES UNDER M&S ENERGY BRAND FROM SEPTEMBER 2018.  Full Article

Marks and Spencer Group Says M&S Energy, SSE End Partnership
Thursday, 5 Jul 2018 

July 5 (Reuters) - Marks and Spencer Group PLC ::UPDATE ON M&S ENERGY AND SSE PARTNERSHIP.AFTER NINE YEARS, SSE AND M&S HAVE TAKEN DECISION TO END THEIR RELATIONSHIP.  Full Article

M&S CEO says need for change has become more urgent
Wednesday, 23 May 2018 

May 23 (Reuters) - Marks & Spencer Group ::CEO SAYS "IF ANYTHING THE NEED FOR CHANGE HAS BECOME MORE URGENT".CEO SAYS "THERE IS A LOT TO DO".CEO SAYS FRONT END OF M&S WEBSITE "NOT OPTIMISED", WEBSITE NEEDS TO BE MODERNISED.CEO SAYS WILL NEED MAJOR NEW UK DISTRIBUTION CENTRE IF ONE THIRD OF CLOTHING AND HOME BUSINESS MOVES ONLINE.CEO SAYS INTENDS TO MAINTAIN DIVIDEND AS COMPANY MOVES THROUGH TRANSFORMATION PLAN.CEO SAYS "CUSTOMER IS FAIRLY FRAGILE AT THE MOMENT".CEO SAYS "WE HAVE CLEARLY UNDERPERFORMED IN FOOD", NEED TO MAKE FOOD BUSINESS MORE RELEVANT TO BRITISH FAMILIES.  Full Article

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UK-focused shares dip as no-deal Brexit scenario re-emerges

Britain's mid-cap index slipped on Thursday as Boris Johnson, a prominent Brexiteer, emerged as the clear favourite to succeed Theresa May as Prime Minister after the first round of a ballot of Conservative lawmakers.