Confident Marks
Article Abstract:
Marks and Spencer is a UK retailer which is benefiting from a revival in consumer confidence. The company has seen a rise in its share price since May 1996. Three brokers from a sample of six rate the company's shares a buy, while three rate them a hold, with no sellers. Buyers include UBS which sees shares set to rise unless there are poor autumn sales. The company faced this problem in 1995 and should be better able to cope should it recur. Holders include Charterhouse Tilney which is uncertain how long UK consumption will continue to rise.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Few sparks at Marks
Article Abstract:
Marks and Spencer is likely to report a profit of 1 billion pounds sterling for 1995 to 1996, but the company's shares have not returned to high levels seen in 1993. Brokers tend to see the company as well managed but not especially exciting. NatWest Securities and ABN-AMRO Hoare Govett see other retailers' shares as more attractive, such as Boots and Argos. These two brokers and UBS and Societe Generale Strauss Turnbull rate the shares a hold. Mees Pierson is a buyer, but not as firm as Charterhouse Tilney.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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M and S outlays observed
Article Abstract:
Marks and Spencer is expanding abroad and adding 19 stores bought from Littlewoods to its United Kingdom operations. Credit Lyonnais is the only buyer of a sample of six analysts asked to assess the stock. BT Alex Brown is a holder, as are Salomon Smith Barney and SG Securities. The company's stocks are seen as of good quality by Morgan Stanley Dean Witter, while ABN-Amro sees the company as able to withstand a threat from Tesco to its food sales.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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