anything under 7 cheap cheap cheap. good div. just paid. chart looks sick

These are going one way only.

so are most shares......no need to gloat over a company struggling like it did in last bear market.....i dont hold but dont like to see things not doing well

takeover bid very soon

It has become too obvious that M&S is showing that it has NO consideration for the well-being of its employees. It only cares about profit-making.
This is DISGUSTING. Employees and consumers would not be loyal to M&S anymore.

DOWN with M&S!!!



M&S 'whistleblower' gets the sack

M&S has sacked its employee who told the media about its plans to cut redundancy pay. A worker at Marks & Spencer (M&S) has been sacked after telling the media that the company planned to cut redundancy pay to staff.

The employee attended a disciplinary hearing on Monday, and was told on Wednesday that he was being dismissed for gross misconduct.

M&S said he broke the company's rules and regulations and deliberately leaked internal company information.

The employee contacted the media last month over the redundancy pay cuts.

The member of staff, who had worked for the company for 25 years, told the press that the company wanted to cut redundancy payments by up to 25%.

Speculative comments

A M&S spokeman said that the employee was sacked because he made derogatory and speculative comments to the media, despite a variety of internal routes available to address any concerns.

He added that the company could not be confident that the man, who worked at its head office, would not disclose information in this way again.

M&S has changed its original proposals following consultations with staff but has still reduced redundancy payouts.

The GMB union who represented the employee at the disciplinary hearing claimed that this was a gross act of corporate bullying.

It accused M&S of not being concerned about promoting open discussion regarding the direction of the company and the way in which staff were being treated.

The union says it will be appealing against the decision.

MUST BE A BUY THEN, SHAREHOLDERS FIRST.

With debt increasing from 1 billion to 2.5 billion and 2 latest profit warnings, MKS is a sell at 250p

222p now.

Marks & Spencer sales slump 6% - MoneyAM


Marks and Spencer, the UK's biggest clothing retailer, this morning reported a 6.1% drop in second-quarter underlying clothing and homewares sales, slightly better than forecasts, and said it was cutting spending in a tough trading environment.

The company said like-for-like sales fell 6.4% in the 13 weeks to September 27th.

Food sales on the same basis were down 5.9%.

Underlying general merchandise sales were forecast to fall 6.4% and food sales 6.5%.

Marks & Spencer shares have plunged over two-thirds in value over the past 18 months and was savaged after a profit warning in July, when the group said it was suffering from a consumer downturn and mistakes at its upmarket food business.

'Consumer confidence remains fragile and the retail environment unpredictable,' said Chairman Stuart Rose. 'Consumers are increasingly cautious about their budgets.'

M&S, whose 600-plus UK stores are visited by more than 21 million people every week, said it had stepped up promotions and, as a result, expected UK gross margin, a measure of profitability, to fall 100 basis points this financial year.

Faced with speculation it might have to cut its dividend, M&S said it would rein in capital spending to 700m from its previous guidance of 800m to 900m and would cut this to 400m next financial year.

TIME TO BUY 225

It's time to sell MKS at 220p.

On the way to sub 200p.

No position here but should it fall to 150/170p I would be interested

200p sometime this week or next week.

noooo....170p more like it.

Trading update tomorrow explains todays fall .

Today ain't the crucial fall yet.

wheres sub 200p hyleo??

I think hlyeo was a little optimistic thinking he could purchase sub 2..I am privy to a stores weekly figuresyou are a long way out mate.just purchased max..shares on wifes share save schemes.20% discounted on close of todays price locked in for 3-5 years + bonus.along with thousands of other staffthats a lot of stock!.. retail confidence knocking SP more than store performances.

see Supermum's analysis in todays traders' thread.

I note also that shares rag calls it as a short.

Me? mildly long with a tight stop.