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    MKS   GB0031274896

MARKS AND SPENCER GROUP PLC

(MKS)
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Delayed London Stock Exchange  -  11:35 2022-08-18 am EDT
133.10 GBX   -1.30%
08/15MARKS AND SPENCER : M&s teams up with agrisound to boost pollinator activity on british farms
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08/04MARKS AND SPENCER : & spencer announced as the official tailor of the england senior teams as retailer continues to evolve its formal offer
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08/04Marks & Spencer Halts Sales Of Disposable Barbecues Across UK Amid Heat Wave
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Britain must do more to help poor during cost of living crisis, says Asda chairman

06/22/2022 | 02:38am EDT
FILE PHOTO: People shop at a supermarket in London

LONDON (Reuters) - The British government needs to do more to help those on lower incomes cope with the cost of living crisis and should cut VAT sales tax, the chairman of supermarket group Asda told the BBC on Wednesday.

Soaring food prices pushed British consumer price inflation to a new 40-year high last month of 9.1%.

Stuart Rose, who is also the former boss of retailer Marks & Spencer and a veteran of the British retail sector, said the economic crisis was of similar proportions to the COVID-19 pandemic and the government needed to act.

"The fact that the government seems to be saying that nothing will happen until next year in terms of either taxation or in terms of further help, I worry about (that) a little bit because that's a long time away," he said.

"So I would urge them to do more and I would urge them to do more for those people at the bottom end of the earnings income scale and I would do something which is pretty effective, something like VAT reduction would be helpful."

(Reporting by James Davey; Editing by Kate Holton)


© Reuters 2022
All news about MARKS AND SPENCER GROUP PLC
08/15MARKS AND SPENCER : M&s teams up with agrisound to boost pollinator activity on british fa..
PU
08/04MARKS AND SPENCER : & spencer announced as the official tailor of the england senior teams..
PU
08/04Marks & Spencer Halts Sales Of Disposable Barbecues Across UK Amid Heat Wave
MT
08/03UK's M&S halts sales of disposable BBQs due to fire risk in dry weather
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07/28Heritage campaigners gear up for fight over Oxford Street M&S
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07/27MARKS AND SPENCER : M&s encourages parents to make eye tests part of back-to-school checkl..
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07/26Nine out of ten Britons increasingly keeping tabs on spending -NielsenIQ
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07/22MARKS AND SPENCER : M&s launches new recyclable tomato packaging
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07/21UBS Downgrades Marks & Spencer to Sell from Neutral, Cuts PT
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Analyst Recommendations on MARKS AND SPENCER GROUP PLC
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Financials
Sales 2023 11 000 M 13 203 M 13 203 M
Net income 2023 284 M 341 M 341 M
Net Debt 2023 2 659 M 3 191 M 3 191 M
P/E ratio 2023 8,90x
Yield 2023 4,75%
Capitalization 2 614 M 3 137 M 3 137 M
EV / Sales 2023 0,48x
EV / Sales 2024 0,47x
Nbr of Employees 65 000
Free-Float 99,6%
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Technical analysis trends MARKS AND SPENCER GROUP PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 133,10 GBX
Average target price 173,05 GBX
Spread / Average Target 30,0%
EPS Revisions
Managers and Directors
Stuart Machin Co-Chief Executive Officer & Director
Katie Bickerstaffe Co-Chief Executive Officer & Director
Eoin Philip Tonge CFO, Executive Director & Chief Strategy Officer
Archibald John Norman Chairman
Sacha Berendji Director-Retail, Operations & Property
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