I'm looking at some of your favourite FTSE 100 companies and examining how each will deliver their dividends. Today, I'm putting iconic high street retailer Marks and Spencer Group (LSE: MKS) under the microscope.
Marks And Spencer: Lowest Profits Since 2009 (KLFM967) High street retailer Marks and Spencer Group Plc (LON:MKS) has announced a fall in profits after a slump in clothing sales.
British retailer Marks & Spencer posted its lowest annual profit since 2009 on Tuesday, hit by a drop in clothing sales, and said growth this financial year would be held back by investments online and in logistics.
Marks and Spencer Group plc (LON:MKS) reported a drop in pre-tax profits in year to March 30 with �564m compared to �658m last year, The Telegraph says.
It's full-year results time for Vodafone Group plc (LON: VOD), Marks & Spencer Group Plc (LON: MKS), and Burberry Group plc (LON: BRBY). Next week will be another busy one for full-year results from FTSE 100 companies with years ending on 31 March.
British retailer Marks & Spencer is expected to report its lowest annual profit in four years on Tuesday as a struggling general merchandise division drags on the growth in food sales.
Is Marks and Spencer Group plc (LON: MKS) a solid pick for dividend growth? Dividend income accounts for around two-thirds of total returns, the actual rate of return taking into account both capital and income appreciation.
Marks & Spencer (LSE: MKS) is due to announce its annual results on Tuesday this coming week (21 May). At the time of writing, M&S's shares are trading at 424p -- up 18% from a year ago, in line with the rise of the FTSE 100.
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Are developing regions set to drive Marks and Spencer Group plc (LON: MKS) higher? While crippling austerity in Europe and fiscal obstacles could put the brake on growth rates there, in developing regions a backdrop of accommodative central bank action ...
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