Join our community of smart investors

M&S faces tough task returning to growth

Marks & Spencer is still too reliant on the custom of wealthy older people but if it can adapt, the shares might interest contrarian investors now.
November 9, 2018

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.

To continue reading...
REGISTER FOR FREE TODAY
  • Read 3 articles for free each month
  • Educational articles and topical investment guides
  • In-depth podcast episodes by our writers and industry professionals
  • Interactive live webinars on investment themes that matter
Have an account? Sign in