Marks & Spencer Group plc http://www.alacrastore.com/company-snapshot/Marks_Spencer_Group_plc-1010520 Saturday, August 30, 2008 4:49:41 AM 1010520 Marks & Spencer Group plc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/657818spcred/657818normThe latest News from S&Pglobalstructured7/4/2008 2:56:09 AM100News657818United KingdomDepartment StoresAsiaEurope, Middle East, AfricaUnited StatesGlobal IssuersStructured FinanceCorporationsCommercial MBSRetailNewsLONDON (Standard&Poor's) July 3, 2008--Standard&Poor's Ratings Services said today it revised its outlook on U.K.-based leading apparel retailer Marks&Spencer PLC (M&S) to negative from stable, after the group reported weaker-than-expected trading performance for the 13 weeks to June 28, 2008. At the same time, Standard&Poor's lowered to 'A-3' from 'A-2' its short-term corporate credit rating and affirmed its 'BBB' long-term corporate credit rating on the group. "The outlook revision follows M&S' weakening trading performance, especially at its food division, as demonstrated by a negative like-for-like sales growth for the last three quarters, with the marked deterioration during the first quarter of 2009 when the same store food sales declined by 4.5%, whichGBR57069757069P25503010 255030 2550 25Marks&Spencer PLC105909ASIAEUROMIDAFRUSAMKS@LNNEWSGLOBISSSTRUCCORPCMBSRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/657819spcred/657819normThe latest Research Update from S&Pglobalstructured7/4/2008 2:56:09 AM175Research Update657819United KingdomDepartment StoresAsiaEurope, Middle East, AfricaUnited StatesGlobal IssuersStructured FinanceCorporationsCommercial MBSRetailResearch UpdateOn July 3, 2008, Standard&Poor's Ratings Services revised its outlook on U.K.-based leading apparel retailer Marks&Spencer PLC (M&S) to negative from stable, after the group reported weaker-than-expected trading performance for the 13 weeks to June 28, 2008. At the same time, Standard&Poor's lowered to 'A-3' from 'A-2' its short-term corporate credit rating and affirmed its 'BBB' long-term corporate credit rating on the group. The outlook revision follows M&S' weakening trading performance, especially at its food division, as demonstrated by a negative like-for-like sales growth for the last three quarters, with the marked deterioration during the first quarter of 2009 when the same store food sales declined by 4.5%, which has led to a lossGBR57069757069P25503010 255030 2550 25Marks&Spencer PLC105909ASIAEUROMIDAFRUSAMKS@LNRESUPDGLOBISSSTRUCCORPCMBSRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_158617_654500moodys/PR_158617_654500htmlGlobal Credit Research Rating Action # JUL #### Rating Action: St. Michael Finance p.l.c. Moody's places Marks & Spencer on review for possible downgrade Approximately $#.# billion in rated securities affected. London, ## July ####...7/3/2008 12:44:46 AMhtmlSt. Michael Finance p.l.c.Marks & Spencer p.l.c.Marks & Spencer Finance p.l.c.Marks & Spencer Finance p.l.c.; Marks & Spencer p.l.c.; St. Michael Finance p.l.c.654500463500463485150.0000NewsRating ActionPR_158617_654500Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/425189_pr_framefitch/425189_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Marks & Spencer Group plc803604227/2/2008 2:16:00 PM01000000010300000103030085Press ReleaseMKS425189_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/ccbn/T1890187ccbn/T1890187norm...Welcome to the Marks and Spencer interim management statement conference call on July # ####. Throughout today's recorded presentation all participants will be in a listen-only mode. After the presentation there will be an opportunity to ask questions. (OPERATOR INSTRUCTIONS). I will now hand the conference over to Sir Stuart Rose. Please go ahead sir. ... 7/2/2008 8:32:00 AMMarks and Spencer Group plc54.0000FinalMarks and Spencer Group Plc Q1 2008/09 Conference Call TranscriptMKS.L8:30am UKTTranscriptT1890187Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1857217ccbn/T1857217norm...Ladies and gentlemen, thank you for holding. Welcome to the Fixed Income Conference call on the ##th of May ####. (OPERATOR INSTRUCTIONS). I will now hand the conference over to Mr. Ian Dyson. Please go ahead, sir. ... 5/20/2008 2:04:00 PMMarks and Spencer Group plc54.0000FinalMarks and Spencer Group Plc Fixed Income Investor Conference Call TranscriptMKS.L3:30pm UKTTranscriptT1857217Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1856159ccbn/T1856159norm...Good morning. Welcome to the preliminary results for the ## weeks ending March ##. Just a couple of words from me at the beginning and then Ian will take you through last year's numbers in detail. And then I'll come back in my normal way and take you through our plans going forward. First a word on current trading, which you'll have seen anyway, I think, in our statement this morning. The first thing I'd like to say is, listen, we've always said that Marks & Spencer, certainly since I've been here with the team, is about the long term and we've been consistent about this and this will remain our stance. And that comes out very much, I think, in Ian's presentation and my presentation this morning. The economic outlook is uncertain and we have no more clue than you do about where we're going. But last year was very much a year of two halves, a better first half and a weaker second half. You've seen the fourth quarter trading update this morning. Actually, it was very slightly better than... 5/20/2008 11:04:00 AMMarks and Spencer Group plc54.0000FinalPreliminary 2008 Marks and Spencer Group Plc Earnings Presentation TranscriptMKS.L9:30am UKTTranscriptT1856159Credit & Investment ResearchThomson Street EventsUK - Marks & Spencer Group PLC planned to acquire Avana bakeries, an owner and operator of bakeries from Premier Foods PLC.4/22/2008 5:05:32 PM57091201872T57091275327VMarks & Spencer Group PLCAvana bakeriesMarks & Spencer Group PLCPremier Brands Foods PLChttp://www.alacrastore.com/storecontent/Thomson_M%26A/Marks_Spencer_Group_PLC_acquires_Avana_bakeries_from_Premier_Brands_Foods_PLC-1970983040sdc/19709830401970983040Copyright © 2008, Thomson Financial, All Rights ReservedLondonRetail Trade-General Merchandise and ApparelUnited KingdomDepartment stores5311FFForeignPublicMKS5311:Department stores5399:Miscellaneous general merchandise stores5411:Grocery stores6141:Personal credit institutions6371:Pension, health, and welfare funds6399:Insurance carriers, nec5311:Department stores5399:Miscellaneous general merchandise stores5411:Grocery stores6141:Personal credit institutions6371:Pension, health, and welfare funds6399:Insurance carriers, necRetail Trade-Food StoresUnited KingdomRetail bakeries5461FFForeignSubsidiary3758002Own,op dept storesProduce food prodUnspecifiedAssets1006663001Apr 22 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.00000Marks & Spencer Group PLC,located in London, UnitedKingdom, owns and operatesdepartment stores and retailgeneral merchandise storesselling clothing, food,household goods and footwear.It operates in the UnitedKingdom, in ireland and HongKong as well as in worldwidefranchise stores. Retailingactivities are carried outunder the Marks & Spencer andKings Super Markets brandnames. It also providesfinancial services likeaccount cards, personal loans,unit trust management, lifeassurance, personal insuranceand pensions. The Company wasfounded in 1884.Marks & Spencer Group PLC, located in London, UnitedKingdom, owns and operates department stores and retailgeneral merchandise stores selling clothing, food, householdgoods and footwear. It operates in the United Kingdom, inireland and Hong Kong as well as in worldwide franchisestores. Retailing activities are carried out under the Marks& Spencer and Kings Super Markets brand names. It alsoprovides financial services like account cards, personalloans, unit trust management, life assurance, personalinsurance and pensions. The Company was founded in 1884.Marks & Spencer Group PLC, located in London, United Kingdom, owns and operates department stores and retail general merchandise stores selling clothing, food, household goods and footwear. It operates in the United Kingdom, in ireland and Hong Kong as well as in worldwide franchise stores. Retailing activities are carried out under the Marks & Spencer and Kings Super Markets brand names. It also provides financial services like account cards, personal loans, unit trust management, life assurance, personal insurance and pensions. The Company was founded in 1884.1.000002.00000Avana bakeries, located in UK,own and operate bakery.Avana bakeries, located in UK, own and operate bakery.Avana bakeries, located in UK, own and operate bakery.0.000000.000000.000000.00000N20 Apr 08Sun, 20 Apr 2008 00:00:00 ESTDate Announced: 04/20/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.00000UK - Marks & Spencer Group PLCplanned to acquire Avanabakeries, an owner andoperator of bakeries fromPremier Foods PLC.UK - Marks & Spencer Group PLC planned to acquire Avana bakeries, an owner and operator of bakeries from Premier Foods PLC.UK - Marks & Spencer Group PLC planned to acquire Avana bakeries, an owner and operator ofbakeries from Premier Foods PLC.UK - Marks & Spencer Group PLC planned to acquire Avana bakeries, an owner and operator of bakeries from Premier Foods PLC.UK - Marks & Spencer Group PLC planned to acquire Avana bakeries, an owner and operator of bakeries from Premier Foods PLC.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002051:Bread and other bakery products, except cookies2052:Cookies and crackers2053:Frozen bakery products, except bread5142:Packaged frozen foods5149:Groceries and related products, nec5461:Retail bakeries3758002LondonUnited Kingdom5311ForeignPublicMKS2013:Sausages and other prepared meat products2022:Natural, processed, and imitation cheese2035:Pickled fruits and vegetables, salad dressings2066:Chocolate and cocoa products2099:Food preparations, nec837260004LondonUnited Kingdom2066ForeignPublicPFD0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & AcquisitionsUK - Marks and Spencer Group PLC agreed to acquire RF Brookes Ltd, a Leicester-based manufacturer of food products, from Premier Foods PLC.4/22/2008 5:05:30 PM57091275492L57091275327VMarks & Spencer Group PLCRF Brookes LtdMarks & Spencer Group PLCPremier Brands Foods PLChttp://www.alacrastore.com/storecontent/Thomson_M%26A/Marks_Spencer_Group_PLC_acquires_RF_Brookes_Ltd_from_Premier_Brands_Foods_PLC-1970968040sdc/19709680401970968040Copyright © 2008, Thomson Financial, All Rights ReservedLondonRetail Trade-General Merchandise and ApparelUnited KingdomDepartment stores5311FFForeignPublicMKS5311:Department stores5399:Miscellaneous general merchandise stores5411:Grocery stores6141:Personal credit institutions6371:Pension, health, and welfare funds6399:Insurance carriers, nec5311:Department stores5399:Miscellaneous general merchandise stores5411:Grocery stores6141:Personal credit institutions6371:Pension, health, and welfare funds6399:Insurance carriers, necFood and Kindred ProductsUnited KingdomFood preparations, nec2099FFForeignSubsidiary3758002Own,op dept storesProduce food prodUnspecifiedAssets1006652001Apr 22 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.00000Marks & Spencer Group PLC,located in London, UnitedKingdom, owns and operatesdepartment stores and retailgeneral merchandise storesselling clothing, food,household goods and footwear.It operates in the UnitedKingdom, in ireland and HongKong as well as in worldwidefranchise stores. Retailingactivities are carried outunder the Marks & Spencer andKings Super Markets brandnames. It also providesfinancial services likeaccount cards, personal loans,unit trust management, lifeassurance, personal insuranceand pensions. The Company wasfounded in 1884.Marks & Spencer Group PLC, located in London, UnitedKingdom, owns and operates department stores and retailgeneral merchandise stores selling clothing, food, householdgoods and footwear. It operates in the United Kingdom, inireland and Hong Kong as well as in worldwide franchisestores. Retailing activities are carried out under the Marks& Spencer and Kings Super Markets brand names. It alsoprovides financial services like account cards, personalloans, unit trust management, life assurance, personalinsurance and pensions. The Company was founded in 1884.Marks & Spencer Group PLC, located in London, United Kingdom, owns and operates department stores and retail general merchandise stores selling clothing, food, household goods and footwear. It operates in the United Kingdom, in ireland and Hong Kong as well as in worldwide franchise stores. Retailing activities are carried out under the Marks & Spencer and Kings Super Markets brand names. It also provides financial services like account cards, personal loans, unit trust management, life assurance, personal insurance and pensions. The Company was founded in 1884.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.00000RF Brookes Ltd manufacturesfood products. The company isheadquartered in Leicester,UK. It also supplies frozenprepackaged meals and pizzasto major food retailers,caterers and pub andrestaurant chains and otherfoodservice purveyorsthroughout UK.RF Brookes Ltd manufactures food products. The company isheadquartered in Leicester, UK. It also supplies frozenprepackaged meals and pizzas to major food retailers,caterers and pub and restaurant chains and other foodservicepurveyors throughout UK.RF Brookes Ltd manufactures food products. The company is headquartered in Leicester, UK. It also supplies frozen prepackaged meals and pizzas to major food retailers, caterers and pub and restaurant chains and other foodservice purveyors throughout UK.0.000000.000000.000000.00000N20 Apr 08Sun, 20 Apr 2008 00:00:00 ESTDate Announced: 04/20/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.00000UK - Marks and Spencer GroupPLC agreed to acquire RFBrookes Ltd, a Leicester-basedmanufacturer of food products,from Premier Foods PLC.UK - Marks and Spencer Group PLC agreed to acquire RF Brookes Ltd, a Leicester-based manufacturer of food products, from Premier Foods PLC.UK - Marks and Spencer Group PLC agreed to acquire RF Brookes Ltd, a Leicester-basedmanufacturer of food products, from Premier Foods PLC.UK - Marks and Spencer Group PLC agreed to acquire RF Brookes Ltd, a Leicester-based manufacturer of food products, from Premier Foods PLC.UK - Marks and Spencer Group PLC agreed to acquire RF Brookes Ltd, a Leicester-based manufacturer of food products, from Premier FoodsPLC.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002038:Frozen specialties, nec2099:Food preparations, nec3758002LondonUnited Kingdom5311ForeignPublicMKS2013:Sausages and other prepared meat products2022:Natural, processed, and imitation cheese2035:Pickled fruits and vegetables, salad dressings2066:Chocolate and cocoa products2099:Food preparations, nec837260004LondonUnited Kingdom2066ForeignPublicPFD0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/CMT_0000425732moodys/CMT_0000425732htmlGlobal Credit Research Issuer Comment # MAR #### Issuer Comment: Marks & Spencer p.l.c. Moody's comments on M&S's proposed property transaction Marks & Spencer (`M&S', or `the company'), rated Baa#/P-# stable, has today announced a...Issuer Comment3/8/2008 12:27:10 AMMarks & Spencer p.l.c.463500150.0000NewshtmlMarks & Spencer p.l.c.CMT_0000425732Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/370824_report_framefitch/370824_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Carrefour S.A.Casino Guichard-Perrachon S.A.DSG International PLCJ. Sainsbury plcMarks & Spencer Group plcMETRO AGTesco plc80359947803599648035996980360208803602098036042280362463804171792/5/2008 10:16:00 AM01000000010300000103030001030301250Special Report01255812017DSGIMEOMKSSBRYTSCO370824_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/370264_report_framefitch/370264_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Marks & Spencer Group plc803604221/31/2008 10:17:00 AM010000000103000001030300385Full Rating ReportMKS370264_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/fitch/403072_pr_framefitch/403072_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Marks & Spencer Group plc803604221/28/2008 10:11:00 AM01000000010300000103030075Press ReleaseMKS403072_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/moodys/COP_463500moodys/COP_463500htmlGlobal Credit Research Credit Opinion ## JUL #### Credit Opinion: Marks & Spencer p.l.c. Marks & Spencer p.l.c. London, United Kingdom Ratings Category Moody's Rating Outlook Rating(s) Under Review Senior Unsecured *Baa# Other Short...1/4/2008 2:19:00 AMhtmlMarks & Spencer p.l.c.Marks & Spencer p.l.c.463500150.0000NewsCredit OpinionCOP_463500Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/622956spcred/622956normThe latest Full Report from S&P12/27/2007 8:31:27 AMFull Report400globalstructured622956United KingdomDepartment StoresAsiaEurope, Middle East, AfricaUnited StatesGlobal IssuersStructured FinanceCorporationsCommercial MBSRetailFull ReportU.K.'s largest clothing retailer, with a strong, upmarket position in the U.K. food retail market Revitalized and well-recognized brand, supported by effective advertising campaign Operationally strong management team that is proving successful in re-establishing competitive position Commitment to maintaining a financial policy consistent with the ratings Participation in the intensely competitive apparel industry that is prone to fashion risk and seasonality, which exposes the group to volatility in sales and operating earnings The ratings on U.K.-based Marks&Spencer PLC (M&S) are supported by the group's leading position in the U.K. apparel-retail market and its strong presence at the upper-end of the U.K. food-retail market, but are constrained by the intense competition prevalent in the U.K.'s fragmented apparel retail market,GBR57069757069P25503010 255030 2550 25Marks&Spencer PLC105909ASIAEUROMIDAFRUSAMKS@LNFULLGLOBISSSTRUCCORPCMBSRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/622959spcred/622959normThe latest Summary from S&P12/27/2007 8:31:27 AMSummary175structuredglobal622959United KingdomDepartment StoresAsiaEurope, Middle East, AfricaUnited StatesStructured FinanceGlobal IssuersCorporationsCommercial MBSRetailSummaryThe ratings on U.K.-based Marks&Spencer PLC (M&S) are supported by the group's leading position in the U.K. apparel-retail market and its strong presence at the upper-end of the U.K. food-retail market, but are constrained by the intense competition prevalent in the U.K.'s fragmented apparel retail market, especially in the middle-market segment in which M&S operates. In addition to seasonality, the industry also faces the risks of changes in fashion trends, which exposes the group to volatility in sales and operating earnings. Other inherent risks such as the discretionary nature of apparel purchases and the potential for unsuccessful product ranges are reflected in the group's satisfactory business risk profile. Nevertheless, these negative factors are cushioned by revenues generated fromGBR57069757069P25503010 255030 2550 25Marks&Spencer PLC105909ASIAEUROMIDAFRUSAMKS@LNSUMMARYSTRUCGLOBISSCORPCMBSRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_76892moodys/PBC_76892pdfAnalysis12/21/2007 4:55:09 AM... More aggressive financial strategy and increased leverage. Growing financial services operations may increase exposure to non-performing consumer debt. Competitive pressure in the UK retail market remains strong. Market share growth may prove costly. Macro-economic support for UK consumption is showing signs of weakening. Operational turnaround remains in mid-stream. ... Marks & Spencer p.l.c.463500300.00AnalysispdfMarks & Spencer p.l.c.PBC_76892Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/363684_report_framefitch/363684_report_framepdfMarks & Spencer Group plc8036042212/19/2007 10:12:00 AM0103000001030300150Credit UpdateMKSFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.363684_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/moodys/PBC_106274moodys/PBC_106274pdfAnalysis12/18/2007 12:23:34 PM...Marks and Spencer Plc ( M&S or the Group , rated Baa#/P-#, stable outlook) is a leading UK clothing and food retailer with GBP #.#bn of revenues in FY#### (ending ## March), of which over ##% in the UK. Revenues in the UK were roughly evenly split between food and ge neral merchandise, while international sales were generated from both owned and franchised stores. The group reported an operating margin of ##.#% in FY #### versus ##% the year before. ... Marks & Spencer p.l.c.463500300.0000AnalysispdfMarks & Spencer p.l.c.PBC_106274Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_143892_654500moodys/PR_143892_654500htmlAnnouncement11/7/2007 12:25:20 AMGlobal Credit Research Announcement # NOV #### Announcement: St. Michael Finance p.l.c. Moody's affirms Marks & Spencer at Baa#/P-# following share buy-back announcement London, ## November #### -- Moody's has today affirmed the Baa#/P-#...St. Michael Finance p.l.c.654500150.0000Newshtml463500Marks & Spencer p.l.c.463485Marks & Spencer Finance p.l.c.Marks & Spencer Finance p.l.c.; Marks & Spencer p.l.c.; St. Michael Finance p.l.c.PR_143892_654500Credit & Investment ResearchMoody's Global Credit Research