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Prices & Quotes - UK Markets - Marks & Spencer Group (MKS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 95.96p
Change Today:
-1.88p
Market Cap:
1,874.47m
Sector:
General Retailers

MPs urge government to take action against throwaway fast-fashion

By Caoimhe Toman

Date: Tuesday 15 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Members or parliament are urging the government to take urgent action against throwaway fast-fashion and support the development of sustainable fabrics and recycling facilities for clothes.
In a report from the all-party parliamentary group (APPG) for ethics and sustainability in fashion, MPs said that the sector was hit by the pandemic and warned "supply chains have broken, sales have dropped, unsold stock has built up, retail outlets have closed and companies have gone out of business. Consumer habits have shifted and so have attitudes - the public wants to see change."

"Coronavirus has exposed deep inequalities and unsustainability in the garment industry" said Catherine West, chair of the APPG and Labour MP for Hornsey and Wood Green.

"Creating a sustainable and ethical future for the fashion industry is an important but complex challenge for government, industry and the public and what is clear is that there is an appetite for this on all sides. We must seize this moment by pushing the government to be a global leader, helping to build a more sustainable and ethical fashion industry."

According to research carried out by the environmental charity Hubbub which was included in the report, 65% of UK residents agree that the government should urgently do more to reduce the negative impact of the fashion industry on the environment.

As part of the initiative, MPs are also calling for a review of VAT rules which currently make it more cost-effective for companies to destroy unwanted clothing than give it away. In 2019, roughly 140m worth of clothing was sent to a landfill in the UK.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MKS Market Data

Currency UK Pounds
Price 95.96p
Change Today -1.88p
52 Week High 228.90p
52 Week Low 85.04p
Volume 3,890,461
Shares Issued 1,953.39m
Market Cap 1,874.47m

Performance Indicators

Compare performance with the sector and the market.

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Income
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 10
Buy 1
Neutral 7
Sell 0
Strong Sell 0
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MKS Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Nov-19 30-May-19
Paid 10-Jan-20 12-Jul-19
Amount 3.90p 7.10p

Trades for 26-Oct-2020

Time Volume / Share Price
15:43 1,018 @ 95.96p
15:43 2,000 @ 96.01p
15:43 8 @ 95.96p
15:43 868 @ 95.96p
15:42 109 @ 95.98p

MKS Key Personnel

CEO Steve Rowe
Chair Archie Norman
CFO Eoin Tonge