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M&S is investing £480m in its store estate in the UK

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 of its UK store estate that will see it invest £480m.

Business • 16 Jan 23

M&S has reported a 24% decline in profit before tax and adjusting items to £205.5m for the six months to October 1

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 fall.

Business • 09 Nov 22

The new M&S Food 'shop-in-shop' will initially be available in five Applegreen locations

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 said that from October 1 more than 40,000 workers in the UK will see their hourly pay increase to a minimum of £10.20

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 market.

Business • 21 Sep 22

Ocado Retail is seeing shoppers trading down to cheaper products and buying fewer items in a cost of living crisis

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 products and trading down to cheaper items.

Business • 13 Sep 22

M&S has warned its profit base would fall due to a lack of business rates reliefs and profits from Russia

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 year amid a worsening cost-of-living crunch.

Business • 25 May 22

Marks & Spencer has suspended shipments to its Turkish franchisee's Russian business after Russia's invasion of Ukraine

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 said its capital expenditure increased by £154.8m to £680.4m last year

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 than offsetting an increase in revenue.

Business • 08 Feb 22

M&S said its food sales increased 12.4% against its pre-pandemic performance two years ago in the 13 weeks to January 1

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

Weekend reports said that investment firm Apollo Global Management has been 'running the rule' over Marks & Spencer

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 rule" over the British clothing and food retailer.

Business • 22 Nov 21

M&S said that labelling the 90 million products it sells every year in Northern Ireland would cost the retailer £9m a year

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 risked increasing the administrative burden rather than reducing it.

Business • 18 Nov 21

M&S said is was seeing a shortage of slippers in the run-up to Christmas

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 at an elusive turnaround is delivering.

Business • 10 Nov 21

Marks & Spencer is to close all 11 franchise stores with partner SFH in France due to Brexit issues

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 place since Britain left the European Union had hammered product availability.

Business • 16 Sep 21

Ocado Retail said its revenue fell 10.6% to £517.5m in its third quarter to August

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 of revenue in its latest quarter.

Business • 14 Sep 21

M&S operates about 20 stores in France with partners SFH and Lagardere

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 European Union continuing to impact product availability in stores.

Business • 13 Sep 21

M&S is expecting its profit to be above forecasts after its food division outperformed expectations and shoppers returned to its clothes stores

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 indicated that its latest turnaround plan was starting to deliver.

Business • 20 Aug 21

Ocado has reported a 20% rise in retail revenue to £1.2 billion in its UK home market in the 26 weeks to May 30

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 in Spain, as the pandemic continues to drive the shift to online grocery buying.

Business • 06 Jul 21

M&S said its food revenues increased by 1.3% over the past year, but its clothing and home business saw a 31.5% slump despite rapid online growth

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 and said it was unlikely to pay a dividend for the current year.

Business • 26 May 21

Ocado Retail said its revenue rose 39.7% in its first quarter to February 28

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 demand for grocery deliveries during the Covid-19 pandemic.

Business • 18 Mar 21

The new websites will offer M&S's clothing and home products

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

The deal for Jaeger is part of Marks and Spencer's strategy to bolster its clothing division with new names

Marks & Spencer buys Jaeger clothing brand

Marks & Spencer has purchased the Jaeger brand from its administrators as part of a strategy to bolster its clothing division with new names.

Business • 12 Jan 21

Marks & Spencer's Percy Pig sweets could be hit by tariffs if the retailer re-exports the product to EU countries, including Ireland

M&S warns Percy Pig facing tariffs going to EU markets

Marks & Spencer warned today that its popular Percy Pig sweets could be hit by tariffs if it re-exports the product to European Union countries, including Ireland.

Business • 08 Jan 21

Marks & Spencer said Brexit was responsible for near-empty fresh-food aisles at some of its stores in Ireland yesterday

Brexit delays leave some M&S shelves empty here

Marks & Spencer said Britain's withdrawal from European Union trade rules last week was responsible for near-empty fresh-food aisles at some of its stores in Ireland yesterday.

Business • 07 Jan 21

Marks & Spencer ready-meals are popular in Paris

Salads and sandwiches run out at Paris M&S stores

Marks & Spencer said new trade rules in place since Britain left the European Union were delaying deliveries of some fresh food to its stores in France, where at least three branches had empty shelves today.

Business • 05 Jan 21

Sales at Ocado's retail joint venture with Marks & Spencer rose by 34.9% in the fourth quarter to November 29

Ocado raises earnings outlook again on strong trading

British online supermarket Ocado Group has today raised its annual earnings forecast for the second time in two months, but sales growth at its retail joint venture with Marks & Spencer has slowed due to capacity constraints.

Business • 10 Dec 20

Marks Spencer