Marks and Spencer calls for U.K. rate cut

Article Abstract:

Poor fiscal third-quarter results for UK department store Marks and Spencer PLC have prompted the company to ask for a half-point reduction in the interest rate. Same-store sales dropped 2.2%, the worst quarterly performance for the company in two years. Marks and Spencer stocks fell 19% to $8.07.

Securities issued, listed, Securities, Company securities

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Marks & Spencer's net fell 11% in fiscal year

Article Abstract:

Marks and Spencer PLC of the United Kingdom posted an 11 percent net profit fall to 523.1 million Pounds ($987 million) for 2005 compared with 586.2 million Pounds last year. Overall earnings increased 35 percent as the department store chain increased its market share.

United Kingdom, Company overview

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Marks and Spencer earnings jump 26%; expansion in Europe, Asia is explored

Article Abstract:

Full fiscal year net profit for British clothing and food retailer Marks and Spencer PLC rose by 26% to reach 659.9 mil pounds sterling, while revenue increased 10% to hit 8.59 bil pounds sterling. The company's expansion plans include China, India, and Europe.

Growth, Company growth

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