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MKS — Marks and Spencer News Story

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Retailer M&S gains; leads British grocery sales growth per Worldpanel data

BUZZ-Retailer M&S gains; leads British grocery sales growth per Worldpanel data 

** Shares of British fashion and food retailer Marks & Spencer MKS.L rise as much as 2.6% to 380.4p

** MKS among top FTSE 100 gainers .FTSE

** Remains UK's fastest-growing food retailer

** grocery-only sales surge 14.8% in 12 weeks to September 6 YoY - Worldpanel by Numerator

** The market researcher adds that British grocery price inflation rise to 2.3% in the four weeks to Sept. 6 from 2.1%; grocery sales climbed 2% YoY

** Other UK-listed grocers sales rise too: Ocado OCDO.L jump 13.3% YoY; Tesco TSCO.L up 1.7%; Sainsbury's SBRY.L increase 2.9%

** MKS up ~14.9% YTD


(Reporting by Anushka Chourasia in Bengaluru)

((Anushka.Chourasia@thomsonreuters.com))

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