M&amp;S to reveal sales downturn
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Marks &amp; Spencer experienced poor summer trading and is expected to announce terms for its Â£2.3bn tender offer substantially below the 400p per share that billionaire Philip Green was prepared to pay to take over the ailing retailer two months ago.
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Lower sales may aid GM and Ford's return to profitability.
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U.S. technology shares were expected  to open lower on Thursday, weighed down by a sales warning from  Applied Materials Inc. AMAT.O, while S&P and Dow stock  futures were flat before weekly jobless claims data.
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Troubled British retailer Marks &amp; Spencer Group PLC announced a management shakeup Tuesday as it reported lower profits in the six months ending Oct. 2. Chief executive Stuart Rose, who recently fought off
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Depressed sales at Federated Department Store Inc. stores in Florida will cause third-quarter results to come in lower than expected, the company announced today.
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U.S. retail sales fell unexpectedly in December to close out the weakest year at the cash register since 2002, data showed on Tuesday, the strongest signal yet that the economy may be sliding into recession under the weight of a housing and credit crisis.
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U.S. stocks were set for a slightly lower open Thursday as disappointing results from coffee shop chain Starbucks and volatile oil prices may take the steam out of yesterday's rally.
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US retail sales fell last month, official figures show, the latest indication that the economy is under pressure.
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ALES are still falling at Marks &amp; Spencer, the company revealed today, sparking fresh fears for the retailerâs recovery. The group confirmed that half-year profits will be between Â£285m-295m, in line with
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The company talks down a recent inexplicable stock run-up.
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LONDON: Marks &amp; Spencer has announced a top-level shake-up, as it revealed a deterioration in trading conditions and posted a first-half profit in line with expectations.
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Investors will soon get clarity on an uncertain quarter.
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A market drop could end up helping prospective investors in this forklift products firm.
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Sales were lower than expected, and the quality of earnings is in question.
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If anyone is looking for signs that we may be headed into a recession, look no further than the dismal December sales results turned in by the nation's retailers.
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The FTSE 100 closed sharply lower Tuesday -- its lowest level for over a year -- as a 9.8 billion dollars Q4 loss from Citigroup and weaker than expected retail sales sent the Dow into an early three-figure dive, with retailers back in the spotlight after Christmas trading updates from Tesco and Debenhams.
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British retailer Marks & Spencer said Wednesday it faced flagging sales in the run-up to Christmas and issued a gloomy outlook for 2008, sending its share price plunging by a fifth in value.