M&S on course to re-enter FTSE 100 as turnaround pays off
1 year, 4 months ago

M&S on course to re-enter FTSE 100 as turnaround pays off

The Telegraph  

Marks & Spencer is on track to re-enter the FTSE 100 after shares jumped to a 19-month high as it revealed turnaround efforts were paying off. The retailer said it expects to post increased profits this year, having previously forecast a decline, pushing shares up as much as 9pc on Tuesday. It comes almost four years after it was ejected from the FTSE 100 for the first time in its history as it scrambled to shore up profits by shutting hundreds of stores. Clive Black, research director at Shore Capital, which is M&S’s house broker, said: “If the legs keep whirling in the right direction, then more material appreciation could follow, along with a return to the FTSE 100.”

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History of this topic

M&S bounces back after finding the secret of high street success
1 year, 1 month ago

M&S bounces back after finding the secret of high street success

The Independent  

M&S the toast of the City? Back in the FTSE 100 after a four-year absence, the half-year results smashed the City’s forecasts with a 36 per cent rise in statutory pre tax profit to £325.6m. If you prefer the company’s “adjusted” numbers that becomes a 75 per cent rise and £360.2m in profit. Russ Mould, from broker AJ Bell, opined …

Marks & Spencer returns to FTSE 100 while Abrdn and Persimmon get the boot
1 year, 3 months ago

Marks & Spencer returns to FTSE 100 while Abrdn and Persimmon get the boot

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Marks & Spencer has climbed …

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