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Marks and Spencer Group PLC (MKS.L)

MKS.L on London Stock Exchange

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6:32am EDT
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Latest Key Developments (Source: Significant Developments)

Marks and Spencer Group Says M&S Energy, SSE End Partnership
Thursday, 5 Jul 2018 04:04am EDT 

July 5 (Reuters) - Marks and Spencer Group PLC ::UPDATE ON M&S ENERGY AND SSE PARTNERSHIP.AFTER NINE YEARS, SSE AND M&S HAVE TAKEN DECISION TO END THEIR RELATIONSHIP.  Full Article

M&S CEO says need for change has become more urgent
Wednesday, 23 May 2018 02:50am EDT 

May 23 (Reuters) - Marks & Spencer Group ::CEO SAYS "IF ANYTHING THE NEED FOR CHANGE HAS BECOME MORE URGENT".CEO SAYS "THERE IS A LOT TO DO".CEO SAYS FRONT END OF M&S WEBSITE "NOT OPTIMISED", WEBSITE NEEDS TO BE MODERNISED.CEO SAYS WILL NEED MAJOR NEW UK DISTRIBUTION CENTRE IF ONE THIRD OF CLOTHING AND HOME BUSINESS MOVES ONLINE.CEO SAYS INTENDS TO MAINTAIN DIVIDEND AS COMPANY MOVES THROUGH TRANSFORMATION PLAN.CEO SAYS "CUSTOMER IS FAIRLY FRAGILE AT THE MOMENT".CEO SAYS "WE HAVE CLEARLY UNDERPERFORMED IN FOOD", NEED TO MAKE FOOD BUSINESS MORE RELEVANT TO BRITISH FAMILIES.  Full Article

Marks And Spencer Announces Closure Of Its Hardwick Distribution Centre
Tuesday, 17 Apr 2018 09:38am EDT 

April 17 (Reuters) - Marks And Spencer Group Plc ::HARDWICK DISTRIBUTION CENTRE (DC) ON HARDWICK GRANGE, NEAR WARRINGTON, WILL CLOSE.DHL HAS BEEN APPOINTED TO RUN NEW M&S SOUTH EAST DISTRIBUTION CENTRE AT WELHAM GREEN, HERTFORDSHIRE.IS IN PROCESS OF AUTOMATING ITS DC IN BRADFORD AND IT CAN NOW HANDLE MORE CAPACITY.HARDWICK DC WILL CEASE OPERATIONS IN SEPTEMBER AND WORK WILL TRANSFER TO OTHER SITES ACROSS M&S NETWORK.BOTH XPO AND DHL HAVE NOW ENTERED A PERIOD OF CONSULTATION WITH CIRCA 450 COLLEAGUES WHO WORK ON SITE.NEW SOUTH EAST DC AT WELHAM GREEN IS SET TO OPEN IN 2019 AND DHL WILL RECRUIT AROUND 500 COLLEAGUES TO WORK AT SITE.  Full Article

Capita Says ‍Marks & Spencer Extends Partnership With Capita
Thursday, 18 Jan 2018 04:00am EST 

Jan 18 (Reuters) - Capita Plc ::‍MARKS & SPENCER EXTENDS CUSTOMER CONTACT PARTNERSHIP WITH CAPITA BY FIVE YEARS​.‍EXTENDED ITS DIGITAL CUSTOMER CONTACT PARTNERSHIP WITH CAPITA BY A FURTHER FIVE YEARS​.‍CAPITA WILL ALSO EXTEND ITS CUSTOMER SERVICES SUPPORT TO M&S'S INTERNATIONAL ONLINE BUSINESS IN MARKETS LIKE US, AUSTRALIA AND FRANCE​.  Full Article

Marks & Spencer Says Will Shut Operations At Neasden Distribution Centre
Wednesday, 17 Jan 2018 04:20am EST 

Jan 17 (Reuters) - Marks And Spencer Group Plc ::MARKS AND SPENCER-‍NEW 495,000 SQ FT CLOTHING & HOME DISTRIBUTION CENTRE TO OPEN IN WELHAM GREEN IN 2019.MARKS AND SPENCER GROUP PLC - ‍OPERATIONS AT NEASDEN DISTRIBUTION CENTRE TO TRANSFER TO OTHER SITES IN M&S NETWORK​.MARKS AND SPENCER - ‍M&S WILL CEASE OPERATIONS AT ITS NEASDEN, NORTH LONDON, DISTRIBUTION CENTRE AND TRANSFER WORK TO OTHER SITES IN M&S NETWORK​.MARKS AND SPENCER GROUP PLC - ‍BOTH XPO AND DHL HAVE NOW ENTERED INTO A PERIOD OF CONSULTATION WITH 380 COLLEAGUES WHO WORK ON SITE​.MARKS AND SPENCER - ‍SITE IN NEASDEN IS OPERATED BY THIRD-PARTY LOGISTICS SPECIALIST XPO LOGISTICS WITH TRANSPORT OPERATIONS AT SITE PROVIDED BY DHL.  Full Article

M&S CEO - UK consumer is "fragile"
Thursday, 11 Jan 2018 03:03am EST 

Jan 11 (Reuters) - M&S ::CEO SAYS PLEASED WITH CLOTHING PERFORMANCE IN NOV, DEC.CEO - "THE CONSUMER IS DEFINITELY HAVING A SQUEEZE ON THEIR SPENDING AT THE MOMENT".CEO - UK "CONSUMER IS QUITE FRAGILE, QUITE VOLATILE".  Full Article

Dixons Carphone Says ‍Humphrey Singer To Step Down As Group Finance Director​
Wednesday, 10 Jan 2018 04:38am EST 

Jan 10 (Reuters) - Dixons Carphone Plc ::‍HUMPHREY SINGER TO STEP DOWN AS GROUP FINANCE DIRECTOR​.HUMPHREY IS EXPECTED TO CONTINUE AS GROUP FINANCE DIRECTOR OF DIXONS CARPHONE UNTIL JULY 2018.‍BOARD HAS ALREADY COMMENCED A SEARCH FOR A SUITABLE REPLACEMENT​.SINGER ‍HAS INFORMED BOARD OF HIS DECISION TO STEP DOWN TO TAKE UP POSITION OF CFO AT MARKS AND SPENCER GROUP PLC​.  Full Article

Marks & Spencer Names Humphrey Singer CFO
Wednesday, 10 Jan 2018 04:33am EST 

Jan 10 (Reuters) - Marks And Spencer Group Plc ::DIRECTORATE CHANGE.MARKS AND SPENCER GROUP PLC APPOINTS CHIEF FINANCE OFFICER.‍HUMPHREY WILL REPLACE HELEN WEIR​.ANNOUNCES APPOINTMENT OF HUMPHREY SINGER TO ITS BOARD AS CHIEF FINANCE OFFICER.SINGER ‍WILL TAKE UP HIS APPOINTMENT ON A DATE TO BE CONFIRMED​.  Full Article

M&S To name Dixons Carphone's Singer as CFO - Sky News
Wednesday, 10 Jan 2018 04:01am EST 

Jan 10 (Reuters) - Marks & Spencer ::TO ANNOUNCE HUMPHREY SINGER, FD OF DIXONS CARPHONE, WILL JOIN ITS MANAGEMENT TEAM - SKY NEWS.  Full Article

Marks And Spencer Announces Technology Transformation Programme
Tuesday, 9 Jan 2018 08:07am EST 

Jan 9 (Reuters) - Marks And Spencer Group Plc ::MARKS AND SPENCER GROUP PLC - ANNOUNCES TECHNOLOGY TRANSFORMATION PROGRAMME.MARKS AND SPENCER GROUP PLC - THERE IS A ONE-OFF COST TO IMPLEMENT OF C. £25 MILLION.MARKS AND SPENCER GROUP PLC - ‍TECHNOLOGY TRANSFORMATION PROGRAMME WILL DELIVER ANNUAL EFFICIENCIES OF C.£30M BY 2021/22 AND DRIVE CLEARER ACCOUNTABILITIES​.  Full Article

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Britain's M&S to cut 351 store jobs

LONDON British retailer Marks & Spencer said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market.