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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 91.50p
Change Today:
-1.96p
Market Cap:
£1,787.35m
Sector:
General Retailers

Waitrose to close four more supermarkets

By Abigail Townsend

Date: Wednesday 16 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Waitrose & Partners is to shut four stores, the supermarket chain said on Wednesday, putting 124 jobs at risk.

The grocer, which is part of the John Lewis Partnership, said its supermarkets in Caldicot, the Ipswich Corn Exchange and Shrewsbury would close, while its Wolverhampton store would be sold to Tesco.

A total of 140 jobs at Wolverhampton will transfer to Tesco, but the 124 staff at the three other stores face redundancy and will now enter a period of consultation.

Waitrose said trading had been "challenging" in the four shops.

Bérangère Michel, executive director for customer service at John Lewis, added: "Closing any of our shops is always a last resort. Sadly, we have not been able to find a way to make these shops profitable in the long-term."

Since March 2019, Waitrose has shut or announced plans to shut 19 shops, including three earlier this year.

John Lewis, meanwhile, confirmed it would not re-open eight of its department stores in July when lockdown measures started to ease, including flagships in Birmingham and Watford, putting up to 1,300 jobs at risk.

The partnership announces its first full-year results under new chairman Sharon White on Thursday and the numbers are expected to be poor. The retailer saw interim profits slide 23% to £123m in March, just ahead of the introduction of lockdown measures which closed its department stores and rocked trading.

Waitrose, meanwhile, has recently seen its lengthy partnership with Ocado come to an end after the online specialist struck a new deal with Marks & Spencer.

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 91.50p
Change Today -1.96p
52 Week High 228.90p
52 Week Low 85.04p
Volume 11,448,915
Shares Issued 1,953.39m
Market Cap £1,787.35m

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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P/E
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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 28-Oct-2020

Time Volume / Share Price
16:35 2,734,271 @ 91.50p
16:29 49 @ 90.90p
16:29 383 @ 90.92p
16:29 330 @ 90.90p
16:29 255 @ 90.90p

MKS Key Personnel

CEO Steve Rowe
Chair Archie Norman
CFO Eoin Tonge