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Marks & Spencer reported a 17.2% increase in profit before tax to £407.8 million for the first half of the year. UBS has raised its target price for the stock to 465 pence, reflecting a potential upside of 17%, and maintains a Buy recommendation, citing expected market share gains and cost control. The group remains optimistic about continued progress in the second half of the year.
UBS has raised its price target for Marks & Spencer, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA disclaiming any responsibility for its content and ensuring no conflicts of interest affect its objectivity.
Marks & Spencer reported a 17.2% increase in profit before tax to £407.8 million for the first half of the year, prompting UBS to raise its price target to 465 pence from 435 pence, indicating a potential upside of 17%. UBS maintains a Buy recommendation, anticipating continued market share gains and cost control to enhance profitability. The Group remains optimistic about sustained progress in the second half of the year.
Marks & Spencer Group Plc reported a 17% increase in profit before tax and adjusting items, reaching £408 million ($525 million) in its first half, surpassing analyst estimates of £360 million. However, the company cautioned about uncertainty following recent tax increases in the UK budget.
Concerns about artificial intelligence are prevalent among 59% of Brits, with significant growth in the UK AI market, projected to reach £801.6 billion by 2035. The workforce in AI exceeds 360,000, contributing £3.7 billion to the economy, while job displacement could affect nearly 30% of roles in the next 20 years. Self-driving vehicles are expected on UK roads by 2025, despite 85% of the public expressing reservations about AI in cars.
Marks and Spencer Group plc
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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