Article Abstract:
Marks and Spencer has seen a drop in its stock price, and this could represent an opportunity for investors. The company is cutting costs and has appointed a new chairman. The company could be attractive to a bidder, and it has a strong balance sheet. Despite these advantages, the company faces a difficult retailing environment, and there could be delays as a result from using overseas suppliers. There are still few new people at the company, which may not be especially attractive to a bidder.
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Article Abstract:
Marks and Spencer is carrying out a recovery program, and still faces a difficult market. SG Securities rates the company's stocks 'underperform', Goldman Sachs' sees them as 'marketperform', while Seymour Pierce's view is 'reduce'.
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Article Abstract:
The performance of Marks and Spencer is examined, as is its potential for investors.
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