M&S expects 'modest' revenue growth in 2023/24 Clothing and food retailer Marks & Spencer has today forecast "modest" growth in revenue in its new financial year after 2022-23 profit beat expectations. Business • 24 May
Ocado Retail to shut its Hatfield fulfilment centre British online supermarket Ocado Retail, a joint venture between Ocado Group and Marks & Spencer, said it will stop operations at its Hatfield customer fulfilment … Business • 25 Apr
Ocado Retail keeps profit guidance after sales rise Online supermarket Ocado Retail kept its financial guidance for the full year as it reported a 3.4% rise in first quarter revenue, driven by more … Business • 28 Mar
Ocado's losses swell to more than £500m Ocado Group, the British online supermarket and technology group, has today reported a worse-than-expected full-year loss, partly reflecting profits being wiped out at its retail … Business • 28 Feb
Ocado Retail customers buying less per order British online supermarket Ocado Retail said its customers purchased fewer items per order in the run-up to Christmas in response to the cost-of-living crisis. Business • 17 Jan
M&S to open 20 new stores in 2023-24 in the UK British clothing and food retailer Marks & Spencer plans to open 20 new, bigger stores in its 2023-24 year as part of a radical overhaul … Business • 16 Jan
M&S warns of 'gathering storm' of higher costs British retailer Marks & Spencer today warned of a "gathering storm" of higher costs and pressure on household budgets, as it reiterated full-year profits would … Business • 09 Nov 22
Applegreen to sell M&S Food products around the country Forecourt retailer Applegreen and M&S Food have agreed an exclusive partnership to bring the retailer's food to more locations across the country. Business • 05 Oct 22
M&S raises UK staff pay for second time in 2022 Marks & Spencer has today become the latest British retailer to again raise pay for store workers amid a cost-of-living crisis and a tight labour … Business • 21 Sep 22
Ocado Retail cuts outlook as consumers seek savings UK online supermarket Ocado Retail has downgraded its full-year outlook today, saying customers are trying to navigate the cost of living crisis by buying fewer … Business • 13 Sep 22
Marks & Spencer pulls out of Russia, warns on outlook British retailer Marks & Spencer said today it will pull out of Russia altogether and joined rivals in warning about the outlook for the current … Business • 25 May 22
M&S suspends shipments to franchisee's Russian business British food and clothing retailer Marks & Spencer has suspended shipments to its Turkish franchisee's Russian business following Russia's invasion of Ukraine, it said today. Business • 03 Mar 22
Ocado's core earnings weighed down by investment Ocado Group, the UK online supermarket and technology firm, has today reported a 12.1% fall in annual core earnings, with investment in the business more … Business • 08 Feb 22
M&S nudges up outlook after strong Christmas Marks & Spencer has today nudged up its profit outlook after it reported a strong Christmas performance, particularly in food, where it outperformed the market. Business • 13 Jan 22
Marks & Spencer shares rise on Apollo report Shares in Marks & Spencer rose this morning after a report in The Sunday Times said investment firm Apollo Global Management has been "running the … Business • 22 Nov 21
M&S warns EU proposals on NI trade risk more friction Marks & Spencer has warned the UK government that proposals set out by the European Union to ease the transit of goods to Northern Ireland … Business • 18 Nov 21
M&S raises turnaround hopes with profit beat & upgrade British retailer Marks & Spencer has today beaten forecasts for first-half profit and raised its full year outlook, adding to evidence that its latest attempt … Business • 10 Nov 21
M&S to close 11 franchise stores in France after Brexit UK retailer Marks & Spencer said it would close all 11 French franchise food stores it runs with its partner SFH because trade rules in … Business • 16 Sep 21
Ocado Retail lost £35m in orders from warehouse fire Online supermarket Ocado Retail said today that a fire at its largest automated warehouse in Erith in southeast London in July cost it around £35m … Business • 14 Sep 21
Marks & Spencer reviewing future of French stores British retailer Marks & Spencer said it was reviewing the future of its French business, with new trade rules in place since Britain left the … Business • 13 Sep 21
M&S lifts profit outlook on trading rebound British retailer Marks & Spencer has today upgraded its profit outlook after a jump in demand for food and a surge in online clothes' orders … Business • 20 Aug 21
Ocado wins new customer in Spain as H1 revenues rise British online grocer and technology group Ocado said it had signed a new agreement with Auchan Retail to use its technology to develop Alcampo's online … Business • 06 Jul 21
M&S expects profit recovery after 88% slump in 2020-21 British retailer Marks & Spencer has today reported an 88% slump in full-year profit, reflecting a collapse in clothing sales due to the Covid-19 pandemic … Business • 26 May 21
Ocado Retail's revenue growth accelerates in Q1 UK online supermarket Ocado Retail said revenue rose 39.7% in its first quarter to February 28, an acceleration from the previous quarter, reflecting continuing strong … Business • 18 Mar 21
M&S expands online business to over 100 markets British retailer Marks & Spencer said today it had launched 46 websites in new markets, expanding its online reach to over 100 countries. Business • 08 Mar 21
