M&S looks set to survive FTSE 100 drop amid £600m rights issue May 29, 2019 Marks & Spencer looks set to remain in the FTSE 100 through the skin of its teeth in next week’s reshuffle after launching a £600m rights issue to fund its joint venture with Ocado. City speculation that the department store chain could drop out of the blue-chip index has mounted after it reported a 10 [...]
Rightmove faces FTSE 100 eviction as engineering firms climb, say analysts August 29, 2018 Online estate agent Rightmove is the top contender to drop from the FTSE 100 during its reshuffle next week, analysts have predicted. A weak housing market in London and the south-east, and tough competition for rivals such as Zoopla and PurpleBricks could see the company dropped into the FTSE 250, despite year-on-year growth in revenue [...]
Marks and Spencer pulls advertising from Google over extremist content March 20, 2017 Marks and Spencer has become the latest firm to pull its advertising from Google after reports that it has been allowing adverts for UK companies to appear on extremist websites. A recent investigation by the Times showed that UK advertisements, from the likes of Sainsbury's, RBS and the UK government, have been posted on YouTube [...]
Fevertree shares sink 20 per cent as it warns on profit January 20, 2020 Fevertree’s shares plunged today as it warned that “subdued” Christmas trading in the UK would knock 2019 profit lower than last year’s total. The tonic maker now expects revenue growth of 9.7 per cent to £260.5m, compared to 2018’s 40 per cent growth rate. That will see sales miss expectations for 2019, leading Fevertree to [...]
Worst quarter in three years for UK dividends October 14, 2019 UK dividend payouts have plummeted to their lowest level in three years as storm clouds gather over the global economy. Underlying dividends paid out to shareholders by UK firms tumbled almost three per cent in the third quarter on a constant currency basis – independent of foreign currency movements – the worst quarterly performance in [...]
Q&A: Why are brands like Marks and Spencer pulling their advertising from Google? March 20, 2017 A newspaper investigation uncovered examples of several high profile brands being advertised against extremist content such as videos of a preacher banned from Britain and from white extremist David Duke insulting Jewish people. The BBC, Channel 4, The Guardian as well as the Financial Conduct Authority, Transport for London and the Royal Navy, advertising for [...]
Coronavirus live: Social distancing needs to be in place for most of a year, say government advisers March 20, 2020 1.35pm: Social distancing measures need to be in place for “most of a year” Scientists advising the government have said social distancing measures need to be in place for “at least most of a year” to combat the coronavirus outbreak. In a press conference last night, Prime Minister Boris Johnson said the UK could “turn [...]
Marks & Spencer (M&S) share price falls after saying sales slump could have been much worse, had it not been for a “better” Christmas January 11, 2018 Food and clothing sales at Marks & Spencer fell in the final three months of 2017, the firm announced this morning. Total third-quarter sales in the UK dropped by 1.4 per cent to £2.9bn. Shares fell almost three per cent in morning trades. Boss Steve Rowe labelled the trading returns for the quarter “mixed”. He [...]
M&S passes on £1.4bn of its pension liabilities to Aviva and Phoenix May 17, 2018 Nearly £1.4bn of Marks & Spencer’s pension liabilities were today passed to insurers Aviva and Phoenix. It follows a trend of organisations including National Grid, Pearson and Smith Group transferring pensions calculated on worker’s final salaries over to insurers. Read more: Zurich completes deal to cover £2bn of National Grid pension liabilities Around £925m will [...]
The tampon tax isn’t the problem — our warped VAT system is December 5, 2019 Last week, Boris Johnson promised to scrap the so-called “tampon tax” — the VAT levied on feminine hygiene products. The current VAT regime, which dates back to the 1970s, cannot be changed while Britain remains in the EU. Feminists and progressives have long argued that such a tax is unfair and sexist, so scrapping it [...]