Declared Dividend • May 22
Final dividend of UK£0.03 announced Shareholders will receive a dividend of UK£0.03. Ex-date: 4th June 2026 Payment date: 10th July 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 21
Full year 2026 earnings released: EPS: UK£0.13 (vs UK£0.15 in FY 2025) Full year 2026 results: EPS: UK£0.13 (down from UK£0.15 in FY 2025). Revenue: UK£17.3b (up 25% from FY 2025). Net income: UK£259.4m (down 12% from FY 2025). Profit margin: 1.5% (down from 2.1% in FY 2025). Like-for-like sales growth: 6.7% vs FY 2025 Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Cheryl Potter was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Mar 12
Marks and Spencer Group plc Appoints Gillian Anderson as First Chief Compliments Officer On 10 March, 2026, M&S’s CEO Stuart Machin named Gillian Anderson as its first chief compliments officer, as part of the next phase of its ‘Love That’ concept. In her new role, Anderson encourages people to make compliments part of their everyday. Tillkännagivande • Jan 16
Marks and Spencer Group plc to Report Fiscal Year 2026 Results on May 20, 2026 Marks and Spencer Group plc announced that they will report fiscal year 2026 results on May 20, 2026 Tillkännagivande • Nov 19
Marks & Spencer Launches Re:Spark to Ignite Renewable Electricity Adoption Across Its Supply Chain Marks & Spencer announced the launch of RE:Spark, a new supply chain decarbonization programme developed in partnership with Schneider Electric. The announcement was unveiled at Schneider Electric's Innovation Summit North America in Las Vegas, convening more than 2,500 business leaders and market innovators to accelerate practical solutions for a more resilient, affordable and intelligent energy future. The initiative has been designed to accelerate the adoption of renewable electricity across M&S's global supply chain and is a key part of the retailer's Plan A sustainability strategy which aims to achieve net zero emissions across its value chain by 2040. RE:Spark reflects M&S's commitment to look beyond its own operations and spark change across its supply chain. Through the RE:Spark programme, M&S will: Launch a digital hub, powered by Schneider Electric's Zeigo Hub, offering a centralized portal to host the program. With Zeigo Hub, suppliers can submit emissions data, track decarbonization efforts, and understand recommended carbon reduction action through specialized learning resources. Host regional market briefs and webinars to educate suppliers on renewable electricity procurement in five key regions: Vietnam, Turkey, India, China, and Bangladesh. Provide strategic advisory services to help suppliers assess and implement clean energy solutions, including onite solar, energy attribute certificates, green tariffs, and power purchase agreements (PPAs). Enable suppliers to aggregate demand for Power Purchase Agreements (PPAs), allowing smaller suppliers to participate in multi-buyer cohorts and access renewable electricity at scale. The programme will initially focus on high-impact regions within M&S's fashion supply chain, with plans to expand over the next three years. RE:Spark builds on M&S's work to improve environmental performance in its manufacturing as well as recent circularity milestones, including the launch of Another Life - M&S's platform for activating circularity in Fashion, Home & Beauty - which brings together initiatives across Rewear, Repair, Recycle and Resale. For more than 140 years, M&S has built trust by doing the right thing by its colleagues, customers and the communities. Underpinning this commitment is Plan A - M&S' ESG strategy - a promise to always source and make products with care. Plan A is also an integral enabler of M&S' strategy to reshape for sustainable, profitable growth and to become a net zero business across its value chain by 20 40. Tillkännagivande • Nov 17
Marks and Spencer Group plc Announces Step Down of Ronan Dunne from the Board, Effective 1 December 2025 Marks and Spencer Group plc announced that Ronan Dunne is standing down from the Board, effective from 1 December 2025. Tillkännagivande • Nov 12
Marks and Spencer Group plc Appoints Sean Doyle to the Board as a Non-Executive Director and to the Audit & Risk and Nomination Committees, Effective from 1 December 2025 Marks and Spencer Group plc announced that Sean Doyle, Chairman & Chief Executive Officer of British Airways, will join the Board as a Non-Executive Director effective from 1 December 2025. Sean is a practising chief executive and an outstanding business leader in the complex and challenging airline industry. He also represents an iconic British brand with extraordinary public exposure. His appointment follows the announcement that Roger Burnley, former CEO of Asda, will also join the Board on 1 December and that Archie Norman's tenure as Chair will be extended. This renewal is part of a broader programme to refresh the Board as M&S embarks on the next phase of the Reshaping for Growth strategy. Sean will join the Audit & Risk and Nomination Committees at the same time as joining the Board. Tillkännagivande • Nov 05
Marks and Spencer Group plc Announces Interim Dividend, Payable on 9 January 2026 Marks and Spencer Group plc announced an interim dividend of 1.2 pence per share has been declared and will be payable on 9 January 2026 to shareholders on the register of members as at close of business on 28 November 2025. The ordinary shares will be quoted ex dividend on 27 November 2025. Tillkännagivande • Oct 30
Marks and Spencer Group plc Appoints Roger Burnley as Non-Executive Director, Audit & Risk and Nomination Committees, Effective December 1, 2025 Marks and Spencer Group plc ("M&S") announced that Roger Burnley CBE will join the Board as a Non-Executive Director effective from 1 December 2025. Roger is the former CEO and COO of Asda and, prior to that, Retail & Operations Director at J Sainsbury's. He is currently a Non-Executive Director at Pets at Home Group plc. Roger will join the Audit & Risk and Nomination Committees at the same time as joining the Board. M&S confirms there is no further information required to be disclosed in accordance with UK Listing Rule 6.4.8(R). Tillkännagivande • Aug 21
Marks and Spencer Group plc Announces Justin King, Non-Executive Director's Intention to Step Down, with Effect from 10 September 2025 Marks and Spencer Group plc announced that Justin King, Non-Executive Director, has informed the Board of his intention to step down with effect from 10 September 2025. Justin has made a truly significant contribution to M&S, having served on the Board twice, as a NED since January 2019 and, prior to that, as Head of Food between 2001 and 2004. Tillkännagivande • Jul 06
M&S Announces Change of Directors On July 5, 2025, M&S has appointed Andrew Hicks as food marketing director, replacing Sharry Cramond, who is now leading marketing for the fashion, home and beauty division. Hicks is joining from Woolworths Group in Australia, where he chief marketing officer for seven years. He will report to M&S Food MD Alex Freudmann, whom he previously worked alongside. Hicks has more than years of marketing experience across Australia and South Africa, ing as marketing director for Woolworths Andrew Hicks joins He is due to start September. M&S said his experience and insight complemented the food leadership team's performance culture. It would further drive M&S towards its position to be a shopping Woolworths Group in Australia perceptions, and being number one for It said he was one a series of new hires as M&S "continues raise the bar on talent and accelerate transformation". Cramond's move lows the appointment earlier this year. Hicks has been ing out the right team accelerate transformation, according to Other new members include James Mugford who is leading M&S Beauty, and David who is leading on chain. Kevin Bennett will take up his previously announced role as Food logistics director - Gist CEO on 7 July. M&S said Bennett had been fundamental in kicking of its supply chain and tics transformation Fashion, Home & He would now focus delivering the plan of modernise the food. Tillkännagivande • Jun 03
Marks and Spencer Group plc, Annual General Meeting, Jul 01, 2025 Marks and Spencer Group plc, Annual General Meeting, Jul 01, 2025. Location: waterside house, 35 north wharf road, w2 1nw, london United Kingdom Tillkännagivande • May 21
Marks and Spencer Group plc Approves Final Dividend, Payable on 4 July 2025 The directors of Marks and Spencer Group plc have approved a final dividend of 2.6 pence per share (last year: 2.0 pence per share), which, in line with the requirements of IAS 10 Events after the Reporting Period, has not been recognised within these results. This final dividend of c.£53.4 million (last year: £40.2 million) will be paid on 4 July 2025 to shareholders whose names are on the Register of Members at the close of business on 30 May 2025. The ordinary shares will be quoted ex-dividend on 29 May 2025. Tillkännagivande • Feb 19
Marks & Spencer Appoints Global Leadership Team Marks & Spencer has announced three senior appointments to its global leadership team as it seeks to reset its international business and bolster its future growth plans. The retailer has recruited Pepe Jeans managing director and CEO for India operations Manish Kapoor to lead its India business as managing director from April 2025. Before joining Pepe Jeans, Kapoor served as chief operating officer at French Connection in India from 2012 to 2014, where he reset the company's strategy, transforming it into a "profitable menswear brand. Victoria Jones, who is joining M&S from Clarks, has stepped into the role of international commercial director. At Clarks, Jones led global strategy for end-to-end planning, trading, assortment and delivery for three years. In her new role, she will oversee M&S product strategy for clothing and food. Her main focus is to ensure that the right products are available for customers, in the right place, at the right time, while leveraging the strengths of the UK market. Richard Davies has been promoted from his former role as the head of the M&S brands category to international partnerships director. Davies began his career at M&S in 2011 as a regional manager for the UK's southeast. He later transitioned to the Support Centre, where he held various roles within the Clothing & Home department. In 2021, he was promoted to head of category for brands at M&S, where he developed the UK third-party brand strategy, leading to partnerships with more than 100 brands. He will now be responsible for the integration of the franchise and wholesale selling models into one cohesive strategy. All the three new hires will report to M&S international managing director Mark Lemming, who took on the role in 2024 and has announced a reset of priorities for its international business. Lemming's focus is on resetting the international business by establishing solid foundations for growth through "capital light partnerships" and an online platform. This reset will allow M&S to utilise its UK business expertise and brand reputation to expand its global presence. Tillkännagivande • Jan 17
Marks and Spencer Group plc to Report First Half, 2026 Results on Nov 05, 2025 Marks and Spencer Group plc announced that they will report first half, 2026 results on Nov 05, 2025 Tillkännagivande • Nov 25
Marks and Spencer Group plc to Report Fiscal Year 2025 Results on May 21, 2025 Marks and Spencer Group plc announced that they will report fiscal year 2025 results on May 21, 2025 Declared Dividend • Nov 10
First half dividend of UK£0.01 announced Shareholders will receive a dividend of UK£0.01. Ex-date: 28th November 2024 Payment date: 10th January 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
First half 2025 earnings released: EPS: UK£0.14 (vs UK£0.11 in 1H 2024) First half 2025 results: EPS: UK£0.14 (up from UK£0.11 in 1H 2024). Revenue: UK£6.48b (up 5.7% from 1H 2024). Net income: UK£282.1m (up 36% from 1H 2024). Profit margin: 4.4% (up from 3.4% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Sep 26
Marks and Spencer Group plc Appoints Fiona Dawson as Senior Independent Director Marks and Spencer Group plc confirmed that Fiona Dawson, Non-Executive Director of the Board since May 2021, has been appointed as Senior Independent Director with immediate effect. Fiona will continue as Chair of the Remuneration Committee. Tillkännagivande • Aug 09
Marks and Spencer Group plc Provides Update on Appointment of Alison Dolan as CFO, Effective from 6 January 2025 Further to the announcement of Alison Dolan's appointment as Chief Financial Officer made on 29 May 2024, Marks and Spencer Group plc confirms Alison will join the Board as CFO with effect from 6 January 2025. Tillkännagivande • Jul 04
Marks and Spencer Group plc Appoints Fiona Dawson as Chair of the Remuneration Committee Pursuant to Listing Rule 9.6.11 (3), Marks and Spencer Group plc confirmed that Fiona Dawson was appointed as Chair of the Company's Remuneration Committee with effect from 2 July 2024. Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: UK£0.22 (vs UK£0.18 in FY 2023) Full year 2024 results: EPS: UK£0.22 (up from UK£0.18 in FY 2023). Revenue: UK£13.0b (up 9.3% from FY 2023). Net income: UK£431.2m (up 19% from FY 2023). Profit margin: 3.3% (up from 3.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 05
Marks and Spencer Group plc, Annual General Meeting, Jul 02, 2024 Marks and Spencer Group plc, Annual General Meeting, Jul 02, 2024. Location: waterside house, 35 north wharf road, w2 1nw, london United Kingdom Tillkännagivande • May 30
Marks and Spencer Group plc Announces Chief Financial Officer Changes, Effective from May 2025 Marks and Spencer Group plc announced Alison Dolan will join the Board as Chief Financial Officer. Alison will take over from interim CFO Jeremy Townsend who will remain in post as planned until May 2025. An exact start date for Alison will be announced in due course. Alison brings a wealth of experience from her current role as CFO of the leading digital property portal, Rightmove plc, and from previous finance, strategy, and transformation roles, including with News UK and Sky. Alison Dolan Career Highlights: Chief Financial Officer, Rightmove plc (September 2020 - current); Chief Strategy Officer, News UK (December 2016 - May 2020); Deputy Managing Director, Sky Business; British Sky Broadcasting plc; (March 2012 - November 2016); Group Treasurer, British Sky Broadcasting plc; (Jan 2002 - March 2012); Finance Director - Sky Technology; (May 2010 - Feb. 2012); Finance Director - Sky Business; (May 2009 - Feb. 2012). Alison is also a Non-Executive Director on the Board of Pearson plc and a member of the Audit and Remuneration Committees. Jeremy Townsend was appointed Interim CFO on 22 November 2022 and will remain in post as planned until May 2025. Tillkännagivande • May 19
Marks and Spencer Group plc to Report First Half, 2025 Results on Nov 06, 2024 Marks and Spencer Group plc announced that they will report first half, 2025 results on Nov 06, 2024 New Risk • Mar 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Tillkännagivande • Mar 08
Marks and Spencer Group PLC Announces the Retirement of Katie Bickerstaffe as Co-Chief Executive Officer After the AGM in July 2024 Marks and Spencer Group PLC announced that Katie Bickerstaffe will retire from M&S after the AGM in July 2024 to pursue her board career. Katie served as a Non-Executive Director and Co-Chief Operating Officer of M&S prior to being appointed Co-CEO, reporting into Chief Executive Officer Stuart Machin, in March 2022. Having helped see through that leadership change, the strengthening of the management team and a marked improvement in the performance of the business, she will move on to take other board roles in line with the original transition plan. Katie Bickerstaffe joined M&S as a Non-Executive Director in 2018 and moved into an executive role in 2020, becoming co-Chief Operating Officer alongside Stuart Machin in 2021. In May 2022 Stuart took over as Chief Executive Officer and Katie became co-Chief Executive Officer. New Risk • Mar 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Tillkännagivande • Jan 26
Marks and Spencer Group plc Announces Executive Changes Marks and Spencer Group plc announced that Rachel Higham has been appointed as the new M&S chief digital and technology officer, taking a seat on the company's executive committee after moving from WPP. The hire comes as M&S looks to build out its technology capabilities. M&S is aiming to collect more data on its customers so it can give them a better personalised app experience. Tesco and Sainsbury's have already achieved success doing this by monitoring customers' shopping habits to help tailor individual loyalty card offers. The appointment of a new chief digital officer was announced alongside news that Mark Lemming had been promoted to managing director of the M&S international division. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.87, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Consumer Retailing industry in Europe. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.66 per share. Reported Earnings • Nov 09
First half 2024 earnings released: EPS: UK£0.11 (vs UK£0.085 in 1H 2023) First half 2024 results: EPS: UK£0.11 (up from UK£0.085 in 1H 2023). Revenue: UK£6.13b (up 11% from 1H 2023). Net income: UK£208.0m (up 25% from 1H 2023). Profit margin: 3.4% (up from 3.0% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 09
Marks and Spencer Group plc Announces Interim Dividend, Payable on 12 January 2024 Marks and Spencer Group plc announced an interim dividend of 1.00 pence per share. This will be paid on 12 January 2024 to shareholders on the register of members as at close of business on 17 November 2023. Tillkännagivande • Sep 05
Marks and Spencer Group plc to Report Fiscal Year 2024 Results on May 22, 2024 Marks and Spencer Group plc announced that they will report fiscal year 2024 results on May 22, 2024 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €2.76, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Consumer Retailing industry in Europe. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.92 per share. New Risk • Aug 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Tillkännagivande • Jun 07
Marks and Spencer Group plc, Annual General Meeting, Jul 04, 2023 Marks and Spencer Group plc, Annual General Meeting, Jul 04, 2023, at 10:00 Coordinated Universal Time. Location: Waterside House, 35 North Wharf Road London United Kingdom Reported Earnings • May 25
Full year 2023 earnings released: EPS: UK£0.18 (vs UK£0.16 in FY 2022) Full year 2023 results: EPS: UK£0.18 (up from UK£0.16 in FY 2022). Revenue: UK£11.9b (up 9.6% from FY 2022). Net income: UK£363.4m (up 19% from FY 2022). Profit margin: 3.0% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jan 17
Marks and Spencer Group plc Appoints Fiona Dawson as Member of the Remuneration Committee Marks and Spencer Group plc announced that Fiona Dawson has been appointed a member of the Remuneration Committee with immediate effect. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 17% share price gain to €1.62, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Consumer Retailing industry in Europe. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.76 per share. Buying Opportunity • Dec 31
Now 23% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €1.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings is also forecast to grow by 5.0% per annum over the same time period. Board Change • Nov 16
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Co-Chief Executive & Director Katie Bickerstaffe was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
First half 2023 earnings released: EPS: UK£0.085 (vs UK£0.082 in 1H 2022) First half 2023 results: EPS: UK£0.085 (up from UK£0.082 in 1H 2022). Revenue: UK£5.54b (up 8.5% from 1H 2022). Net income: UK£166.1m (up 3.6% from 1H 2022). Profit margin: 3.0% (down from 3.1% in 1H 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 16% share price gain to €1.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Consumer Retailing industry in Europe. Total loss to shareholders of 46% over the past three years. Tillkännagivande • Oct 01
Marks and Spencer Group plc (LSE:MKS) completed the acquisition of Gist Limited from Storeshield Limited. Marks and Spencer Group plc (LSE:MKS) agreed to acquire Gist Limited from Storeshield Limited for approximately £260 million on July 21, 2022. Under the transaction, Marks and Spencer Group plc is acquiring the entire share capital of Gist Limited for an initial consideration of approximately £150 million in cash. A further amount of £85 million plus interest will be payable in cash from the proceeds of the intended onward disposal of freehold properties or, at the latest, on the third anniversary of completion. An additional profit share from the disposal proceeds of up to £25 million plus interest will be payable under certain conditions. The transaction will be funded through existing cash reserves. Gist Limited had gross assets of approximately £310 million as at December 31, 2021. Completion of the proposed acquisition is conditional on the separation of certain businesses from Gist which do not form part of the target business and certain merger control approvals and is expected to take place in H2 of calendar year 2022. The acquisition is expected to be EPS accretive in the next year and accelerates M&S's multi-year plan to modernise its Food supply chain network to support growth. Richard Browne and Viren Bhojwani of Allen & Overy acted as legal advisors to Marks and Spencer in the transaction.
Marks and Spencer Group plc (LSE:MKS) completed the acquisition of Gist Limited from Storeshield Limited on September 30, 2022. Tillkännagivande • Jul 28
Marks and Spencer Group plc to Report Fiscal Year 2023 Results on May 24, 2023 Marks and Spencer Group plc announced that they will report fiscal year 2023 results on May 24, 2023 Tillkännagivande • Jul 22
Marks and Spencer Group plc (LSE:MKS) agreed to acquire Gist Limited from Storeshield Limited for approximately £260 million. Marks and Spencer Group plc (LSE:MKS) agreed to acquire Gist Limited from Storeshield Limited for approximately £260 million on July 21, 2022. Under the transaction, Marks and Spencer Group plc is acquiring the entire share capital of Gist Limited for an initial consideration of £145m in cash. A further amount of £85m plus interest will be payable in cash from the proceeds of the intended onward disposal of freehold properties or, at the latest, on the third anniversary of completion. An additional profit share from the disposal proceeds of up to £25m plus interest will be payable under certain conditions. The transaction will be funded through existing cash reserves. Gist Limited had gross assets of approximately £305.7m as at December 31, 2021. Completion of the proposed acquisition is conditional on the separation of certain businesses from Gist which do not form part of the target business and certain merger control approvals and is expected to take place in H2 of calendar year 2022. The acquisition is expected to be EPS accretive in the next year and accelerates M&S's multi-year plan to modernise its Food supply chain network to support growth. Tillkännagivande • Jul 21
Marks and Spencer Group plc Announces CFO Changes Eoin Tonge, who joined M&S as Chief Financial Officer just over two years ago, will be leaving M&S to take up a new role as Finance Director at ABF Plc. M&S is now commencing a process to appoint a successor and Eoin will continue to fulfil his current role in line with his notice period, which will include supporting the business through its Interim Results in November. Tillkännagivande • Jun 22
MS Food Announces Management Changes MS Food announced that Alex Freudmann, currently Managing Director of Dan Murphy's - Australia's leading beer, wine and spirits retailer - will be joining MS as Managing Director of Food in a planned succession to Stuart Machin, now MS Chief Executive. Alex has an extensive track record of leading change in some of the world's best food and drink retailers, including Tesco, Coles and Dan Murphy's. Alex joined Dan Murphy's, part of Endeavour Group, in January 2020 after a successful ten years as part of the Coles transformation team, latterly as director of Fresh Food. In his two-year tenure at Dan Murphy's, Alex has led significant changes, including a substantial shift to digital and online. Alex will join MS on 1 November 2022 and will sit on the executive committee. MS is also confirming a change of responsibility for CEO Stuart Machin, will hand over his Food accountabilities to Alex upon his arrival. Alex Freudmann biography: Alex began his career in the dotcom sector and then moved to Tesco to lead their Telecoms business. Alex developed his career at Tesco through the buying functions, before moving to Australia to work at Coles, one of the country's leading supermarkets. Whilst at Coles Alex successfully carried out roles across Grocery, Health and Beauty, latterly as General Manager for Fresh Food. At Coles Alex led an ambitious growth strategy through improving the product proposition, developing new categories, introducing new store formats, and launching a successful Food2Go business. Alex read Modern History at Magdalen College, Oxford University. Originally from Shrewsbury, Alex has lived in Australia for the last 13 years. He is married to Rachel, and they have three children. Alex Freudmann career history: Jan 2020 - present: managing director, Dan Murphy's, Australia. 2009 - 2020: Multiple roles, most latterly director, Fresh Foods, Coles, Australia. Alex's experience at Coles spanned its Beauty, Health and core Grocery divisions. As Business Unit Director, Alex led the transformation of Coles Meat - Australia's. 2003 - 2009: Multiple roles, most latterly senior buying manager, prepared meals, Tesco. Joined Tesco's Telecoms unit as a senior commercial manager and went on to lead its Telecoms Business as a category director, before transferring to the buying team within its core grocery business. 2000 - 2003: Business Development Manager, Supply Chain Connect. Tillkännagivande • Jun 21
Alex Freudmann to Join M&S as Managing Director of Food Alex Freudmann,currently Managing Director of Dan Murphy's will be joining M&S as Managing Director of Food in a planned succession to Stuart Machin, now M&S Chief Executive. Alex has an extensive track record of leading change in some of the world's best food and drink retailers, including Tesco, Coles and Dan Murphy's. He joined Dan Murphy's, part of Endeavour Group, in January 2020 after a successful ten years as part of the Coles transformation team, latterly as Director of Fresh Food. In his two-year tenure at Dan Murphy's, he has led significant changes, including a substantial shift to digital and online. Alex will join M&S on 1 November and will sit on the Executive Committee. M&S is also confirming a change of responsibility for CEO Stuart Machin, who will hand over his Food accountabilities to Alex upon his arrival. Tillkännagivande • Jun 17
Marks and Spencer Group plc Appoints Ronan Dunne as Non-Executive Director, Effective from 1 August 2022 Marks and Spencer Group plc announces that Ronan Dunne will join the board as a Non-Executive Director effective from 1 August 2022. Ronan is former CEO of Verizon Consumer Group, and was previously CEO of Telefónica UK (O2) and prior to that Chief Financial Officer. He is currently Non-Executive Chairman of Six Nations Rugby. Ronan will join the Audit and Nomination Committees at the same time as joining the board. M&S confirms that there is no further information required to be disclosed pursuant to paragraph 9.6.13 of the UK Listing Rules. Tillkännagivande • May 27
Marks and Spencer Group plc to Report Fiscal Year 2022 Final Results on Jun 07, 2022 Marks and Spencer Group plc announced that they will report fiscal year 2022 final results on Jun 07, 2022 Reported Earnings • May 26
Full year 2022 earnings released: EPS: UK£0.16 (vs UK£0.10 loss in FY 2021) Full year 2022 results: EPS: UK£0.16 (up from UK£0.10 loss in FY 2021). Revenue: UK£10.9b (up 19% from FY 2021). Net income: UK£306.6m (up UK£504.6m from FY 2021). Profit margin: 2.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 1.1%, compared to a 7.7% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Tillkännagivande • May 12
Marks and Spencer Group plc Announces Management Changes Marks & Spencer India has announced that Ritesh Mishra, previously Head of Operations, and Property, is the newManaging Director for Marks & Spencer Reliance India Pvt Ltd. James Munson, who led the India business for the past five years will now assume the role of M&S InternationalRetail Director in the UK. Mishra will continue to steer M&S from the India support office in Gurgaon, Haryana,and report to Munson. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Fiona Dawson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Jan 15
Now 21% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be UK£3.39, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% per annum over the last 3 years. The company has become profitable over the last year. Board Change • Dec 13
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Fiona Dawson was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 24
Marks and Spencer Group plc (LSE:MKS) acquired a 25% stake in Nobody's Child Limited. Marks and Spencer Group plc (LSE:MKS) acquired a 25% stake in Nobody's Child Limited on November 23, 2021. Nobody's Child continue to operate independently but it will be able to use M&S's investment and infrastructure.
Marks and Spencer Group plc (LSE:MKS) completed the acquisition of a 25% stake in Nobody's Child Limited on November 23, 2021. Tillkännagivande • Sep 13
MARKS & Spencer Prepares to Shut French Stores Hit by Brexit Red Tape MARKS & Spencer is drawing up plans to close some of its stores in France as Brexit red tape leaves it with empty shelves in Paris. The high street stalwart is reviewing whether to shut a number of its 20 shops in the country, and may even stop selling chilled food in France altogether after hundreds of tons of food was wasted due to Brexit border controls, the Mail on Sunday reported. The move comes months after M&S chairman Archie Norman argued that his company would not be able to get all of its Christmas food range into sites in Northern Ireland this year due to custom checks imposed between Britain and the province under the terms of the Northern Ireland Protocol which made it impossible. To get clearance at ports, M&S said at the time that it had to sift through 40,000 pages of paperwork a week for goods in Ireland. From October that number is expected to treble to 120,000 a week. One error in those documents could result in a truck of 650 items being refused. Reported Earnings • May 27
Full year 2021 earnings released: UK£0.10 loss per share (vs UK£0.013 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: UK£9.16b (down 10% from FY 2020). Net loss: UK£198.0m (down UK£221.7m from profit in FY 2020). Like-for-like sales growth: 1.3% vs FY 2020 Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Executive Departure • Mar 25
Independent Non-Executive Director has left the company On the 24th of March, Phillipa McCrostie's tenure as Independent Non-Executive Director ended after 2.7 years in the role. As of December 2020, Phillipa personally held only 7.20k shares (€11k worth at the time). A total of 3 executives have left over the last 12 months. Tillkännagivande • Mar 12
Sosandar plc Launches Brand Partnership with Marks & Spencer Sosandar Plc announced that it has entered into an agreement to sell a curated collection of its products through Marks & Spencer as a third-party online retailer. Through the consignment agreement, a selected range will begin to be sold on M&S' online platform from late March, followed by regular drops of new products over future months. The initial product range will include best-selling styles from Sosandar's high performing denim collection and its premium quality leather collection, as well as dresses, knitwear, loungewear, separates (tops, trousers and leggings) and accessories. The partnership allows Sosandar to further increase brand awareness across its target market, whilst driving incremental sales and accelerating improvement in EBITDA. The agreement with M&S adds to existing online partnerships that Sosandar has, having launched with both John Lewis and Next in August 2020. Sales to date from these partnerships have been strong, with a record month in February, with ranges in both continuing to expand. Is New 90 Day High Low • Feb 25
New 90-day high: €1.66 The company is up 16% from its price of €1.43 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Multiline Retail industry, which is also up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.01 per share. Tillkännagivande • Jan 29
Evelyn Bourke Joins Marks and Spencer Group plc as an Independent Non-Executive Director with Effect from 1 February 2021 Bank of Ireland announced that Evelyn Bourke, a non-executive director and Chair of the Audit Committee at Bank of Ireland, will join the Board of Marks & Spencer Group plc as an independent non-executive director with effect from 1 February 2021. Is New 90 Day High Low • Jan 26
New 90-day high: €1.61 The company is up 61% from its price of €1.00 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Multiline Retail industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.08 per share. Tillkännagivande • Jan 13
Marks and Spencer Group plc (LSE:MKS) acquired Jaeger Retail Limited from Edinburgh Woollen Mill Group. Marks and Spencer Group plc (LSE:MKS) acquired Jaeger Retail Limited from Edinburgh Woollen Mill Group on January 11, 2021. As per the agreement, this transaction does not include Jaeger's remaining 63 stores and concessions, which employ more than 200 staff. Tony Wright and Alastair Massey of FRP Advisory Trading Limited acted as join administrators of Jaeger Retail Limited.
Marks and Spencer Group plc (LSE:MKS) completed the acquisition of Jaeger Retail Limited from Edinburgh Woollen Mill Group on January 11, 2021. Is New 90 Day High Low • Jan 04
New 90-day high: €1.56 The company is up 44% from its price of €1.08 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Multiline Retail industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.54 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €1.56 The company is up 40% from its price of €1.11 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Multiline Retail industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.96 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €1.32 The company is up 3.0% from its price of €1.28 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Multiline Retail industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.99 per share. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to stay flat compared to a 8.5% growth forecast for the Multiline Retail industry in Germany. Reported Earnings • Nov 05
First half 2021 earnings released: UK£0.035 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: UK£4.09b (down 16% from 1H 2020). Net loss: UK£67.4m (down 157% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 21
New 90-day low: €0.99 The company is down 7.0% from its price of €1.06 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.74 per share. Tillkännagivande • Oct 04
Marks & Spencer Introduces Polygiene in Towels Starting in October 2020, Polygiene® will treat Marks & Spencer's kitchen towels. The towel is treated with Polygiene stays fresh antimicrobial technology and is part of M & S globally distributed core programs. The yearly forecasted order value of the kitchen towels is USD 75,000. Tillkännagivande • Jul 21
Marks & Spencer Confirms 950 Jobs Are At Risk After Coronavirus Slashes Sales Marks & Spencer has said 950 jobs are at risk as part of plans to reduce store management and head office roles. The coronavirus crisis has devastated the British high street and drastically affected sales, with thousands of job losses announced this month. The retailer's food stores continued to trade throughout the lockdown period, but operations in other parts of the business - such as clothing - were significantly reduced. Sales at its main outlets dived 72% and sales at Boots Opticians slumped 48% during lockdown. John Lewis also announced it will permanently close eight of its department stores, putting 1,300 workers at risk. Two full-size department stores in Birmingham and Watford will close, along with four At Home shops in Croydon, Newbury, Swindon and Tamworth and two travel hub shops at Heathrow and St Pancras. Tillkännagivande • Jul 17
Marks and Spencer Group plc to Report First Half, 2022 Results on Nov 03, 2021 Marks and Spencer Group plc announced that they will report first half, 2022 results on Nov 03, 2021 Tillkännagivande • Jul 09
Marks and Spencer Group plc to Report First Half, 2021 Results on Nov 04, 2020 Marks and Spencer Group plc announced that they will report first half, 2021 results on Nov 04, 2020 
