Susannah Streeter, head of money and...
Marks and Spencer has announced the acquisition of Gist, M&S Food’s main contract logistics provider.
The company previously belonged to Storeshield, a subsidiary of The BOC Group.
The acquisition is expected to increase EPS (Earnings per Share) next year and help M&S achieve its multi-year plan to modernise its food supply chain network to support growth.
It should be noted that M&S Food has re-established an industry leading position in volume growth over the past four years.
It developed...
https://container-news.com/marks-and-spencer-to-acquire-gist-to-transform-its-food-supply-chain/
Tesco on a slower supermarket sweep, gathering market share and raising profit outlook
Share Research – 13 January 2022
Tesco on a slower supermarket sweep, gathering market share and raising profit outlook
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
‘’Tesco was on a slower supermarket sweep in the run up to Christmas this year, but gathered further market share as its giant trolley of operations scooped up customers searching for value. The...
Rumour mills grind around possible bid for Marks and Spencer, sending shares higher
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
‘’As shoppers prepare for a black Friday spree, the bargain hunt for good value UK companies continues for private equity firms.
The rumour mills are now grinding around a possible bid by Apollo Global Management for Marks and Spencer, sending shares 3% higher in early trade. It’s unlikely to be lingerie sales which have...