• 25
  • 13
  • 收藏

Marks & Spencer shares surge in otherwise sluggish London market

Dow Jones2021-05-26

London stocks were generally lower on Wednesday, with heavily weighted HSBC dragging the index lower, along with British Land, though Marks & Spencer was a bright spot after well-received results.

The FTSE 100 index dipped 0.1% to 7,019.67, while the yield on 10-year U.K. gilts fell 3 basis points to 0.76%. A steepening yield curve helps banks borrow more cheaply and then lend at higher rates of interest. A falling yield curve works in the opposite way.

Investors have been carefully watching central banks for signs that they might start backing away from accommodative policies put in place to combat the pandemic. The Federal Reserve has been out in front with comments to reassure investors over inflation.

Shares of HSBC (HSBA.LN) dropped over 1%, with other banks such as NatWest (NWG.LN) and Barclays down 2% each.

On the FTSE 250 , shares of Marks & Spencer surged 9%. The retailer swung to a pretax loss for fiscal 2021 on lower revenue, but said for the first six weeks of fiscal 2022, business was ahead of a two-year-earlier comparative. Marks & Spencer also warned over continued uncertainty and rising costs due to the pandemic and Brexit, but analysts were looking at the positives.

"MKS is emerging from COVID with a stronger B/S [balance sheet] and 21/22has started well, as improving mobility has led to 2-year stack growth in both corecategories," said a team of analysts at Jefferies led by James Grzinic.

Shares of Royal Mail continued to rise, a day after FTSE Russell said the multinational postal service and courier company would return to the FTSE 100 index after more than two years away, replacing engineer Renishaw, , which joined just in March. Royal Mail shares rose 1.5% and Renishaw shares rose 0.8%.

Shares of British Land slid over 4%, after the real-estate company said pretax losses narrowed, but revenue fell in fiscal 2021 as the pandemic hit rental collections and portfolio valuations. Russ Mould, investment director at AJ Bell, noted it's the third straight annual loss for British Land.

"The company has been selling assets to bolster its balance sheet and is reshaping its portfolio to bring it more up to date, managing to sell retail assets above their book value," said Mould.

"It will need to do more of this as its new strategy under recently appointed CEO Simon Carter sees it focus attention on London offices, mixed-use sites and retail parks where it believes it can add value by repositioning them as logistics, residential and office space," he said, in a note to clients.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论13

  • AceWong1114
    ·2021-05-27
    [哇塞] 
    回复
    举报
  • Liha
    ·2021-05-26
    Hello
    回复
    举报
  • tangtkh
    ·2021-05-26
    Like and comment pls
    回复
    举报
    收起
    • Liha
      DOne!respond pls[Smile]
      2021-05-26
      回复
      举报
    • tangtkh
      ok
      2021-05-28
      回复
      举报
    • Liha
      Thanks!
      2021-05-28
      回复
      举报
  • wetporridge
    ·2021-05-26
    Woooo cool
    回复
    举报
  • thuiminn
    ·2021-05-26
    Ok
    回复
    举报
  • kqueen
    ·2021-05-26
    Like n comment thks
    回复
    举报
    收起
    • 4c20667d
      Reply thanks
      2021-05-26
      回复
      举报
    • Liha
      Let me
      2021-05-26
      回复
      举报
  • TomTam
    ·2021-05-26
    Like and comment
    回复
    举报
    收起
    • Jinyuan
      done
      2021-05-26
      回复
      举报
    • TomTam
      Thanks
      2021-05-26
      回复
      举报
    • Jiaweiyeo
      Ok
      2021-05-26
      回复
      举报
  • Jinyuan
    ·2021-05-26
    Like and comment 
    回复
    举报
    收起
    • TomTam
      Done
      2021-05-26
      回复
      举报
    • Jinyuan
      thanks
      2021-05-26
      回复
      举报
  • Wee93
    ·2021-05-26
    Like and Comment Pls
    回复
    举报
    收起
    • tearach
      poles like and comment
      2021-05-26
      回复
      举报
    • anqiju
      pls help too!
      2021-05-26
      回复
      举报
    • tearach回复anqiju
      ok
      2021-05-26
      回复
      举报
  • RichestFoo
    ·2021-05-26
    Latest comment pls
    回复
    举报
    收起
    查看更多 1 条评论
  • chubzchubx
    ·2021-05-26
    Comment plz
    回复
    举报
    收起
    • chubzchubx
      hello
      2021-05-26
      回复
      举报
    • anqiju
      i love M&S
      2021-05-26
      回复
      举报
    • Lelelok92
      Comment back and like
      2021-05-26
      回复
      举报
  • cklcklckl
    ·2021-05-26
    Like and comment plsss
    回复
    举报
    收起
    • chubzchubx
      comment back plz
      2021-05-26
      回复
      举报
    • Liha
      I'll help!
      2021-05-26
      回复
      举报
  • Loriflower
    ·2021-05-26
    ...
    回复
    举报
    收起
    • dahae
      comment pls
      2021-05-26
      回复
      举报
    • Wee93
      Like and Comment Pls
      2021-05-26
      回复
      举报
    • Shirley108回复Wee93
      wow
      2021-05-26
      回复
      举报
 
 
 
 

热议股票

 
 
 
 
 

7x24