Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Retail bellwether to update the market on its recovery strategy
Thursday 17 May 2018 Author: James Crux

Given bleak high street conditions and the market share gains being secured by online pure-play retailers, expectations are subdued ahead of Marks & Spencer’s (MKS) full year results (23 May).

Investors will be looking to see if the changes by CEO Steve Rowe, supported by non-executive chairman Archie Norman, are improving the British retail institution’s performance. Forward guidance from Marks & Spencer, which has carried out a senior management overhaul, will also be keenly watched.

Ahead of the figures, broker Shore Capital calls for improved adjusted pre-tax profit of £593.2m (2017: £584.5m) and a maintained dividend of 18.7p.

‹ Previous2018-05-17Next ›