In this week's shares round-up I ask whether Marks & Spencer (MKS) can recapture past glories. In my full round-up, which Alpha subscribers can read here, I also discuss Purplebricks’ (Aim:PURP) business model, assess Persimmon’s (PSN) prospects now that Help to Buy has been extended, and evaluate ITV (ITV), Morrisons (MRW) and pub chain JD Wetherspoon (JDW).
I’m not a fan of politics generally and tend to avoid mentioning it when discussing investments. However, I can’t help thinking that Marks & Spencer (MKS) has many similarities with the current Conservative party: Both are very reliant on the support of wealthy older people and will probably face terminal decline unless they change their ways.