Published on 13th April 2014
Stick with shares of Marks & Spencer and consider what the company could achieve if all its businesses performed well, Questor said in the Sunday Telegraph. M&S’s food business has continued to do well while supermarket rivals face price pressure. M&S reported clothing separately from its other non-food products at last week’s trading update, showing clothes sales up 0.6%. That is not great but Chief Executive Marc Bolland said womenswear was encouraging. The question for M&S is whether increased sales are at the expense of lower prices. Until that matter is resolved the shares are a hold.