Travel caterer SSP wins £500m deal to open 29 outlets at Oslo airport November 16, 2015 Travel catering giant SSP has won a £500m contract to run 29 shops, cafes and restaurants at Oslo Airport Gardermoen in Norway. The FTSE 250 franchise operator, which made its £1bn stock market debut last year, said it has secured a contract spanning five years for retail and seven years for the food and beverage, with [...]
Marks and Spencer, Carlsberg, Young & Co Brewery: Best of the Brokers for 13 November 2015 November 13, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MARKS AND SPENCER RBC Capital Markets liked what they saw at Marks & Spencer’s summer season 2016 clothing preview so much, they made the retailer RBC’s “top pick” with a target price of 700p. The broker said he was encouraged M&S was [...]
Christmas adverts 2015: John Lewis, M&S, Curry’s PC World, Asda or Argos – which retailer gets the gold star for best ad? November 6, 2015 The retailer race to be top of the tree this Christmas is on. Retailers including John Lewis, Marks & Spencer and Iceland have been teasing their Christmas advertising for weeks, but now the majority of the campaigns are officially launched, who will be sitting pretty at the top of the Christmas list? This year it’s clear than [...]
Marks and Spencer, Randgold Resources, Partnership Assurance: Best of the Brokers for 6 November 2015 November 6, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com MARKS AND SPENCER Canaccord Genuity has changed its rating for Marks & Spencer to “hold” with a target price of 570p, after it was briefly “under review” and previously “speculative buy” at 550p. M&S released interim results on Wednesday that the broker thought [...]
City remains in dark on HSBC chief executive Stuart Gulliver’s travel plans November 5, 2015 Should I stay or should I should I go? Not the song by The Clash, but the question on HSBC directors’ minds since the bank kicked off its review of whether it ought to move its headquarters. If the exercise was calculated to extract concessions from ministers for Europe’s biggest lender, it has been adroitly handled: [...]
Mining giants bounce back to push up FTSE 100 – London Report November 5, 2015 The FTSE 100 ended yesterday’s session slightly higher, boosted by gains in mining companies and Marks and Spencer. The UK’s blue-chip index ended the day 0.46 per cent up at 6,412 points. The day’s biggest riser was Glencore, the embattled mining giant, which has been struggling to reassure investors worried about the size of its [...]
Marks & Spencer dividend can’t hide fashion disaster as Next and Primark steal market share November 5, 2015 It's that time of year again. The nights are drawing in, the heating’s turned up, minor celebrities are switching on high street Christmas lights… and Marks & Spencer has revealed another disappointing half-year performance. Admittedly, shares rose yesterday – up 2.8 per cent – but this was more due to a modest improvement to margins and a [...]
At the close: Mining companies Glencore, Anglo American and BHP Billiton take FTSE 100 higher November 4, 2015 The FTSE 100 ended Wednesday's session slightly higher, led by gains in mining companies. The UK's top blue chip index ended the day 0.46 per cent up at 6,412 points. The day's biggest riser was Glencore, the embattled mining giant, which has been struggling to reassure investors worried about the size of its debt pile. It today announced a [...]
Marks & Spencer’s share price climbs as retailer increases dividend despite clothing sales declining again November 4, 2015 Struggling high street giant Marks & Spencer has recorded yet another period of declines in its general merchandise division – but has handed shareholders an incentive to stick with it in the form of a dividend hike. The figures Top line figures suggest there is a slight improvement in performance, with group sales up 1.4 [...]
Christmas adverts: John Lewis, Sainsburys, Burberry & Marks and Spencer beaten by Universal for most shared festive ad of all time November 2, 2015 It's that time of year already. John Lewis is poised to unveil its Christmas advert on Friday (8am if you're really keen) and once again will be launching in on social media first, followed by a grand pushing out to TV audiences at the weekend. It has become an iconic start to the festive period, [...]