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☆ M&S shares soar as first-half profit smashes forecasts
▼ + stars: | 2023-11-08 | by ( James Davey | ) www.reuters.com time to read: +3 min

SummaryCompanies First-half profit up 75%Cautions second half won't be as strongDividend restoredShares up 10%LONDON, Nov 8 (Reuters) - Marks & Spencer (M&S) expects full-year profit to leap more than 30% after an overhaul of its food, fashion and supply chain helped the British retailer smash first-half forecasts, sending its shares soaring on Wednesday. First-half profit jumped 75%, the dividend was reinstated as promised, and the company said shoppers were already snapping up its Christmas ranges. It now expects analysts' consensus forecast for annual profit to rise to 640 million pounds ($785 million) from 575 million pounds currently, versus 482 million pounds in 2022/23. M&S reported profit of 360.2 million pounds for the six months to Sept. 30, versus analysts' average forecast of 276 million. As flagged in May, M&S restored its dividend with a 1 pence interim payout, its first since 2019/20.

Persons: Spencer, Ian Lance, Stuart Machin, Dylan Martinez, Peel Hunt, James Davey, Kate Holton, Mark Potter Organizations: S's, Reuters, REUTERS, Revenue, Peel, Thomson Locations: British, Redwheel, Marks, Spencer, Hempstead Valley, Gillingham, Britain

☆ Perez on pole in Saudi Arabia as Verstappen hits trouble
▼ + stars: | 2023-03-18 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

"You really feel the Formula One cars coming alive in this place and maximising that lap was very important," said Perez of what was also his second career pole. "Every session was going really well, every time we were on the track the car was working really well. Mercedes' George Russell and Ferrari's Carlos Sainz will share the second row with Canadian Lance Stroll fifth for Aston Martin and Esteban Ocon sixth for Renault-owned Alpine. Seven times world champion Lewis Hamilton, winner in Saudi Arabia in 2021, will start seventh for Mercedes. "It was really, really on the limit," he said.

☆ Drugovich replaces Stroll at Aston Martin for F1 testing
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 21 (Reuters) - Brazilian reserve driver Felipe Drugovich will stand in for injured Canadian Lance Stroll at Formula One testing in Bahrain this week, Aston Martin said on Tuesday. The 22-year-old reigning Formula Two champion will drive the new car first on Thursday morning with Spain's double world champion Fernando Alonso taking over in the afternoon. Stroll, son of team owner Lawrence, was ruled out of the three-day pre-season test after he was injured in a bicycle accident while training in Spain. read moreThe team has not given details about what it called a minor accident but said the driver was expecting to make a quick recovery. Aston Martin also have Belgian Stoffel Vandoorne as a reserve driver but the reigning Formula E champion is due to race in Cape Town, South Africa, on Saturday.

☆ Sainz on pole in Austin as F1 mourns Mateschitz
▼ + stars: | 2022-10-22 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

"I think for tomorrow Red Bull are still the favourites and they normally have the better race pace," he added. The Monegasque was 0.065 slower than Sainz's pole time of one minute 34.356 seconds in a windy session at the undulating circuit outside Austin. "The last lap wasn't the best, Carlos did a better job today and deserves to be on pole," said Leclerc. Ferrari need to score 19 points more than Red Bull, who have won the last seven races, to keep the constructors' championship alive with three rounds remaining. Aston Martin's four times world champion Sebastian Vettel, who won his titles with Red Bull, starts 10th.

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