CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Marks & Spencer share price: what’s the latest ahead of its half-year results

The British retailer unveils its half-year earnings next week, but with sales across its core divisions declining analysts are expecting the company to announce a slump in profits.

Marks & Spencer (M&S) faces an uphill battle, with the retailer plagued by tough trading conditions that have seen its revenues decline 3% to £10.4 billion and pre-tax profit fall by 9.9% to £523.3 million last year.

Next week, the British retailer will unveil its half-year results, but with sales continuing to fall across its core divisions like clothing and home, analysts are expecting its profits to take another hit.

Tony Shiret a stockbroker at Whitman Howard told This is Money that profit before exceptional costs is expected to fall to £185million in the six months to the end of September, down from £224 million in the same period last year.

‘[M&S] has had nearly £1.5billion of exceptional charges in the last three years. There will be more.’ he added. ‘Its accounts have become a bit of a farce to be honest.’

Looking to trade M&S and other retail stocks? Open a live or demo account with IG

M&S shares continue to slide

The British retailer’s ailing sales are reflected in its share price, with the stock down 25% since the beginning of the year, trading at 175p as of 12:25 GMT on Friday.

Sales in its core clothing and home divisions have been hit hard by increasing online competition and high operating costs associated with maintaining a physical presence on the high street.

M&S chairman Archie Norman admitted that it will take many years to turn the company around and address the shift in consumer preference towards online shopping.

However, the company has taken steps to attract more customers in the build up to Christmas, with the retailer launching a ‘buy now, pay later’ service in November. The service, which M&S created with the help of Australian firm Clearpay, aims to attract younger customers and boost trade during the holiday season.

You can go long or short M&S with IG using derivatives like CFDs.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.